Sometimes a fresh approach or minor property improvements can make a significant difference in securing a tenant.Ultimately, aligning your strategy with your long term goals while managing current cash flow is key.

Each and every area might need a fresh look and improvement.

Updates include new upstairs flooring, kitchen counters/sink, bathroom vanities/toilets, and fresh paint.

Exterior:Applied fresh paint.Replaced siding due to wood rot.Interior:Installed new ceramic tile flooring.Added new kitchen cabinets and granite countertops.Updated the bathroom with a new vanity featuring granite counters.Refinished the existing tub and tile surround.

They didn’t seem too excited about paying all that, but my duplex is very nice and I just repainted and laid fresh carpeting (I know, I know....LVP and all that.

I intercept these freshly motivated sellers into my funnel because I know how they will behave when they become motivated.

Updates include new upstairs flooring, kitchen counters/sink, bathroom vanities/toilets, and fresh paint.

You get a ton of fresh food and it's very relaxing to see the results each day.

Personally, I would give them notice of termination and start fresh with a new renter that I've personally selected, using my lease, at my rent rate.

I always issue the notice to pay or quit (called various things, thats what it is here) the first day that rent is late, just to start the process in case they don't pay, so you can get them out as quickly as possible and start fresh.