Quote:
Originally Posted by Pazuzu
What if the A/C unit is very old, and the tenant is overpaying for power because the thing is crap? If they say "hey, we need a new A/C unit, something new and efficient and multi-speed and has a digital thermostat that lets us set multiple temp parameters, and this will lower our costs by $150 a month while increasing the value of your property"...isn't this kinda the same?
|
What if I just remove the old AC and they can just take a cold shower and open the windows. There are tons of rentals that has no AC and they rent all day long 'til Christmas. No law requires owner to include AC ( around here anyway). All my rentals has AC with the exception of two. One is about 1 mile from the beach. Its 75-80 degrees most of the year but they all have heat, required by law. The other has a window unit but its written that if it breaks, it will not be replaced and its up to the renter to replace should they need AC ( this one is rent controlled). Rent is high here so I make sure they get what they pay for. But if one of my tenants come to me and complain about the AC being not cold but cool, I will ask them to think about leaving at the end of the lease if its rent control. Install new AC, remodel, and up the rent, next. That's how I increase the value of my properties.