I do that by upgrading the property, making it a more desirable place, which often allows me to get higher rents too. 

Focus on upgrading countertops, cabinets, and appliances.

Nickerson added “exchanging” real estate to upgrade to larger holdings without paying capital gains tax to his formula, and a number of other books were written about the subject in the next 10 years.  

Those little upgrades can make a big difference in attracting quality tenants.

The only issue is that the new home is not an upgrade over my current one—everything is quite similar.

This got me thinking there are probably other items we need to upgrade in a mountain STR.So here's my question for those with experience in the area: What other items or upgrades do I need in a mountain home STR that are not obvious to a newbie/city dweller?

Currently the work thats being done is both upgrades and work necessary to satisfy the Detroit City in order to get my rental certificates.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $424,500

Cash invested: $20,640

I purchased a small detached duplex that I plan on moving into one and keep ...

I would explain that I typically do not do upgrades except during turnovers between tenants. 3.

If we want to make upgrades to the units while our tenants are in there and negotiate an increase in rent when the lease terminates - suggestions on an appropriate way to do that?