Thursday, August 31, 2006

New paint, new floors.

The place is now getting painted and the floors redone. I'm bartering with my tenants (the ones who cleaned the newly opened unit), in exchange for their work I am going to give them discounts on their winter rent. For me, this is better than discounts on current rents, because I'm already not collecting rent in the unit that is getting fixed. For them, this is better because they typically work outside, so the winter months are when they are most stretched.

They are very hard workers and charge very reasonable rates. Hopefully it will be finished within a week or two.

1 comment:

Josh Dorkin said...

It sounds like you've got a great crew there. Nothing better then bartering with your tenants if they are willing to help out.

By bringing them into the rehabbing and giving them incentives, they become vested in the property and are more willing to treat it like their own.

Good luck!