All Forum Posts by: Anna W.

Thanks for your responses. The floors are in pretty bad shape and not super nice floors to start with. I think they will look OK refinished but not fantastic. 

I'm renovating a unit in my 5-plex (first multi-family rental property for me). We removed old disgusting carpet, and found fir (?) floors underneath. They have clearly been sanded many times and are kind of thin, but would probably hold up for another sanding (per flooring contractors who have taken a look). There's some water damage in one bedroom that may require patching on a small area. 

My question: 

Is it worth spending the $ to refinish, or should I just install LVP on top of the wood? Wood floors would definitely be a nice selling point in this market, and would go with the historic nature of the house, but I also liked the look of the LVP I installed in another unit, and I like the durability of LVP. I've been given quotes for refinishing the hardwood at around $2,800, and purchasing LVP would be around $2500, with installation costs being the unknown factor. 

Thanks in advance!

I have one inherited tenant who does not have a checking account. He's been an excellent tenant in the 9 months since I bought the property - always pays on time (in cash or money order) and is the first person to call me to report anything about the property (like suspicious activity, or the one time a huge tree branch came down). He has been sober for 4 years and I believe the lack of a checking account is due to behavior from back when he was not sober. It is interesting - I would never have rented to him if he had applied (I'm sure his credit is shot too) but he has turned out to be one of my best tenants.

I'm going to be out of state about half of the year and looking for an easy way for him to pay me when I'm not local (my other clients use PayPal or Venmo) - he has offered to mail me money orders but that doesn't seem like a great option. Will check out the paynearme option, but also interested in hearing any other recommendations.