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Updated over 4 years ago on . Most recent reply

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Justin Rea
  • Rental Property Investor
  • Tallahassee, FL
7
Votes |
24
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Tenant enjoys working on my house...I’m I nuts or super lucky?

Justin Rea
  • Rental Property Investor
  • Tallahassee, FL
Posted

Hey everyone! My first post on BP so I hope shots fired! Allow me to explain in short how my current tenant and I seem to work out.

My tenants are from Brazil and have been amazing. My monthly profit is maybe $100 and do I think I should have set my rental price higher? Yes or should I say Sim but maybe no...my tenants are so grateful and so kind that it’s blowing my mind! They go above and beyond with little repairs/touch ups and I guarantee the house is clearer than it was when I was living in it. I’m enjoying the ride and of course I know anything could happen so I have the OH S%^*! fund ready for major repairs, ect....

My question: The current blinds in the house are in rough shape and so I was over there talking with my tenant and he mentioned if I bought blinds for the house he will install all of them for free. Should I do it!? I don’t see them wanting to leave and a part of me does not want to increase rent but maybe just increase with inflation next year.

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Jim K.#3 Investor Mindset Contributor
  • Handyman
  • Pittsburgh, PA
13,788
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Jim K.#3 Investor Mindset Contributor
  • Handyman
  • Pittsburgh, PA
Replied

From the great humorist Franklin P. Jones: "When you get something for nothing, you just haven't been billed for it yet."

You are having your honeymoon on Fantasy Island. Your tenant is a professional tradesman. Yet he is doing quite a bit of work on your property for free. You are allowing this and counting your blessings. That this guy isn't getting paid for his work is not the natural order of things. It is, as you yourself put it, "crazy."

Sooner or later, there's going to be a misunderstanding, the tenant is going to feel that you are ungrateful and unresponsive to his needs, when he has shown you nothing but gratitude and a giving heart, and your honeymoon will end. It happens to every inexperienced landlord who loves his something for nothing. May you have a long and pleasant honeymoon, and may you get off cheap at the end. But sadly, this is really one of those things where almost everyone gets the shaft because they really, really, really want to ignore the point.

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