One of my units has a long term tenant who pays below market rent.The below-market tenant is an ok tenant - They are a bit messy but pay their rent on time and to my knowledge, don't really cause any problems.If I did a cash for keys deal with the existing tenant and renovated the unit, I think market rent for a good, creditworthy tenant would conservatively be $550 /month higher than current rent.Including the attorneys fees, paying the tenant, vacancy during renovation and cost of renovation, the project will cost between $28,000-30,000.I do have the cash on hand, it generates maybe 1% at the moment as I have a fair amount of liquid cash sitting in the bank.It would take about 4.54 years to recoup, basically a 2.2% CAP on the $30,000 investment.

If her messiness isn't the kind of messiness that attracts bugs, I also wouldn't worry about that, either.  

HI all,Looking for some advice on what to do with my messy tenants of 6 months in one of my SFHs.Today I was building a fence at one of my properties and tripped a breaker for the outdoor outlet.

The old landlord had a pretty messy lease, and had not been very clear with expectations or expenses for his tenants - I am dealing with the repercussions of that at this point.

She left a huge mess. I

This mess is typical of Jersey City:

I just finished listening to BP podcast 114 which was all about vacation rentals on Airbnb and such websites.He said that he has rented 4 properties for about 200 days/year for the past 4 years and the only "damage" he has to report was maybe a messy house.I think it depends on the market.

Before I started self-managing, I had a PM handling the evictions, but the process became messy because I would ask the PM something then he would contact the attorney and the middle-man thing wasn't working for me.

But a huge stain or damage to the carpet would be damages.Assuming the only issue was they left the condo "messy" then $775 seems excessive to clean it.

I buy the sticky paper from Home Depot instead of the mix you normally use to apply the tile, it works better and is much less messy.