Real Estate Professional · Fayetteville, NC · Member since 2016 · 24 posts · 4 votes
I own a duplex that I'm house hacking, making repairs in my unit and bringing it more up to date. My tenant's unit is very much so in need of some in depth repairs, one of them being the wood floors need to be re-finished...very badly. In order to do that the unit needs to be empty. Wondering if it would be worth taking the month or so hit (not renewing their lease) so I can live in my current side while working on the other unit and get it up to a more live-able standard? I hate the idea of it because they're pretty good tenants and would hate to see them go but in order to make the necessary repairs I don't see any other option. Thank you!
Investor · Philadelphia, PA · Member since 2016 · 2k+ posts · 1k+ votes
8y
@Chris Shelton
If they are really good tenants, what about moving them into an extended stay hotel for a week? You’d pay for the week there, and maybe give them an extra $200 for their hassle and asking them to pack up the things that’ll be in the way.
Then just hunker down and get all the work done in one week.
You’ll have to determine if that’s financially worthwhile or not. And depending on the repairs/upgrades, will you be asking for increased rent.
Residential Real Estate Broker · Aurora, IL · Member since 2017 · 96 posts · 45 votes
8y
Does your local municipality have any inspections that warrant repairing the work? Safety or habitability issues for the tenants themselves? If not, I would ride it out...
Real Estate Professional · Fayetteville, NC · Member since 2016 · 24 posts · 4 votes
8y
I thought about riding it out however I'm in the military and I don't have a whole lot of time left here in Fayetteville. In order for me to do the work myself vs spending thousands and having someone else do it I would need to make the repairs ASAP.
Investor · Philadelphia, PA · Member since 2016 · 2k+ posts · 1k+ votes
8y
@Chris Shelton
If they are really good tenants, what about moving them into an extended stay hotel for a week? You’d pay for the week there, and maybe give them an extra $200 for their hassle and asking them to pack up the things that’ll be in the way.
Then just hunker down and get all the work done in one week.
You’ll have to determine if that’s financially worthwhile or not. And depending on the repairs/upgrades, will you be asking for increased rent.
Real Estate Broker · Spring Lake, NC · Member since 2017 · 35 posts · 18 votes
8y
@Chris Shelton if the side you're living in is already renovated could your tenants move into that side and you move into their unit while you install the flooring. You'd still be house hacking and your tenants wouldn't have to move far.