Tennent making repairs on home for cheaper rent
I have a potential tennent that offered to make repairs to the house in exchange for discounted rent.
I'm leery of the idea because I dont know quality of work. But I'm also open to it because contractors have questionable work sometimes and this guy could be really good at being a handyman.
Thoughts?
We would definitely monitor quality of work with regular inspections. And have him fix anything that we didnt think was up to snuff.
Most Popular Reply
If I were in this situation I would want to continue charging full rent and pay the tenant for needed work independently of our rental agreement, then it's up to them what the money goes towards. I wouldn't want to invite a situation where the tenant thinks "it's OK if I'm short on the rent this month because I can just do some work to make up for it." I would share your concerns about monitoring quality of work and certainly do a small project first to see how they work. Ultimately I would rather hire independent contractors to keep the relationship straightforward but as you say, he could be good.