hello all
i am a new landlord. i just bought an apartment. i will be moving into it myself in a couple of years but i will be renting it out in the meantime. it is currently in livable condition.
however, i am thinking of completely updating and renovating the kitchen and bath before i rent it out to a tenant. a friend of mine disagrees with what i want to do and thinks that since the tenant would probably do some damage to the brand new kitchen and bath, i should leave the kitchen and bath as is for the tenant and completely renovate it when i move into it.
my reasoning is i want to take care of all the renovations now before the tenant moves in , so that i don't have to worry about doing any more renovations when i move in. i figure, besides, IF the tenant DOES do some damage to the apartment, i can always hold back some of the security deposit to cover the expense of repairing the damage.
who is right? me or my friend.
thank you
2007-11-09
12:50:17
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9 answers
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asked by
tom
1
in
Renting & Real Estate