All Forum Posts by: Kevin James

My tenant wants a refund of $175 for a lapse of 4 days without internet for the cost she incurred by using her mobile hotspot. The wifi was scheduled to be set up on the day of her move in but because of a strike at AT&T, they weren't able to come until several days later. The contract states that internet is included in her rent.

Am I actually obligated to cover the full amount? I’d like to help her out with a part of it, but the full $175 seems high. Any advice on handling this? 

Thanks for the advice, Scott!

I've looked at homes sold in the past 3-12 months but there are very few that have this set up. For the ones that I can find, the prices are over the price. I can't get a clear consensus.

I’m considering 2 strategies. Would either of them build enough equity to be worth it? (I’m just interested in understanding the increased equity potential, not the rental/Airbnb return).

1. 1. I understand that generally finishing a basement will only provide 70% ROI but what if it's converted to a full apartment? I'm in Nashville which has lots of hills and you can find many SFHs with walk-out basements, egress, and a good amount of natural light. I've seen other houses with this set up, and the basement apartments look nice and don't have a basement feel.
2. 2. Find a home that already has a finished basement and then add a kitchen and bathroom to convert it into a studio.

Ideally, I’d like to do a cash-out refinance a year or two down the road but if either of these doesn’t create more value than what I’m putting into it, I may consider another strategy.