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Updated over 3 years ago on .

User Stats

61
Posts
11
Votes
Kevin Kim
11
Votes |
61
Posts

Upgrade Appliance for Rental ?

Kevin Kim
Posted

Hello

I have closed 1st rental property in Memphis, TN. The current rental market price is 1,650 and It was market for 3 weeks with that price and I lowered rental price to 1,499 recently. It has been 1 month since I closed. I had some cosmetic repair (cost round $5,000 - replaced carpet and painting) The house is good shape but I haven't find Tennant yet. I am wondering if It is worth to upgrade appliance (Washer/Dryer) since it looks very old (it is still working) or even replace refrigerator. Any advice? PM company is advertising zillow and their website though.