Isn’t goodwill derived from being a landlord tenants appreciate worth far more?

Regardless of your level of plain/simple vs rustic vs fancy, you can do it for much less by just going to used furnishing stores (primarily).I used both 1) high-end second hand stores (meaning not primarily Goodwill and Salvation Army), and 2) lower level antiques stores where they have decent pieces for say < $500.

.- Up the hospitality at the property to buy goodwill/happy guests. 

Giving tenants a chance to handle minor fixes before move-out can go a long way in preserving goodwill and minimizing repair costs.Glad it worked out, and thank you again for sharing the takeaways.

For informal spots like a gravel side parking area that isn’t in the lease, it’s usually up to you whether you want to maintain it, but it can be a nice goodwill gesture if you allow tenants to use it.

I then sold the “business” (equipment, name, signs, goodwill, etc) to an operator for $50,000 cash, and the operator signed a five year 3N lease at $3,000 per month.

The entire conversation was over text because of the language barrier- and I am not comfortable trying to have this conversation in person in Spanish- because my spanish isn't that good.I feel like because I have been a very fair, "nice" landlord- that she expects me to eat the cost out of "good will".

A short payment plan or one time grace period can preserve goodwill while keeping structure.

This action would greatly enhance investor confidence, demonstrate goodwill, and help safeguard our investments.

Tenant relations goes a long way toward building goodwill.