Tenant paying below market but begging for updates.
Hi BP! I purchased a duplex 2 months ago and have an inherited tenant who has been begging for updates like new paint, flooring, blinds, squeaky floor boards...she is paying approximately $500 below market. I let her know that if she wants all of that taken care of, her rent will go up to the current rates for the area which is $400-$500 more than what she is currently paying. She wrote me back saying that she doesn't want any dramatic changes in that case...Just the squeaky floor fixed, blinds, and paint in the kitchen and in her master bedroom. She said that the walls were dirty when she moved in. The unit she lives in was built in 07 and she occupied in 09. Her move-in walkthrough sheet that she signed with the previous owner says all of those things were in good condition. I realize it's 2015 and that unit should have been painted since then, but then again she's paying way under market. Any advice? Thanks