Would like to hear how others handle optional renovations during tenant vacations and if they apply rent abatement for any loss of use.Backstory: Renting out a basement apartment with painted concrete walls.

I know most GC's say they can handle this but I'd rather find someone who does this regularly and doesnt cost and arm and a leg.

Wondering if we should have handled it differently or preemtively add something to the lease next year. 

I have good relationships with my vendors and was able to get it for only 82 cents/sf.The sweat I put in to the tasks that I was able to handle myself, allowed me to invest the saved capital into the mechanics and bones of the house (foundation, new roof, new plumbing, HVAC, etc.) and allowed me to get slightly nicer finishes than I would have put into any other investment property I wasn't intending on living in.The goal with this property was longevity, since I will be holding onto it in perpetuity. 

You need to ask provider how they handle that situation, and make sure however they handle it is specified in the contract.

OK, this is one thing we do in our target area, just outside the 'Burgh.A number of properties in our target area have old tiled tub/showers and the same three-handle water supply control systems with behind-the-wall valves they had when they were first built in the late 1940s, during the second major housing boom of the city's history.

I use a service that is an expert on this topic and they handle all of the follow-up to ensure the owner has the proper paperwork.

@Edisson Casseus FHA is definitely the lowest cost of entry.

W/D for tenants and headaches of management/ maintenance / repairs are handled by another business and you get a cut of profits

I could imagine a commercial level LVP could handle a few keg parties.