New Rental- Install AC or not?

[Michael Didion]

My wife and I just bought an investment property and it doesn't have AC. We are thinking about installing AC since a lot of renters ask for it and we feel it may be a good addition to the property in the long run. Any thoughts if we should pay for the investment in the addition of AC or pass on it?

[Thomas S.]

You add the AC (any upgrade) if it generates a higher rent than without and that higher rent portion will pay to cover the cost of instillation in 2 years or less.