renovating w/out tenants
i have a rental unit i’d like to renovate. I have tenants in there (their lease is up november 1st)…i’m not renewing their lease so i can do this reno in between tenants. i’d like to be nice and give them a few months notice (4 months for example) but am wondering, do i give…
i have a rental unit i’d like to renovate. I have tenants in there (their lease is up november 1st)…i’m not renewing their lease so i can do this reno in between tenants. i’d like to be nice and give them a few months notice (4 months for example) but am wondering, do i give them a new lease for those 4 months? i need to time everything exactly right for scheduling contractors/ordering mtls but don’t want them to leave the apartment any earlier… has anyone had any experiences like this? sorry if it’s a dumb question.
OP, at the end of the day, you need to do what’s best for you. There is no “shame” in that. But as per my earlier comments, if you do the right the thing you’ll get the right results. You ought to give your tenants as much notice as possible/you are comfortable with- if not 3 mos. then how about 2 months? Would that fairly balance out the squeeze/screw play? Something else to bear in mind is the state of the rental market right now. Contrary to another poster’s comments, $1100 is pretty cheap for a desirable Brooklyn ‘hood. The tenants who came with house may wind up needing that amount of time (2 mos.) to find something suitable. Again, not necessarily your “problem” but it seems pretty clear from your posts that you want to do right by them. Fine line between “squeeze” and “screw” but it’s do-able…
it is extremely cheap in a prime F line neighborhood like cobble hill, carroll gardens or south slope.
Wishing you the best OP… you sound as if you are trying to be fair towards your tenants, but egad… $1100 a month “crazy cheap”???
Don’t think so…
yikes! OP here.
to clarify:
-yes the tenants “came with house” (2 years ago)
-yes it is an “inferior” apartment (last renovated in 1968. so it definitely needs an upgrade.)
-yes the apartment is crazy cheap right now ($1100 in a prime F-line brownstone neighborhood)
we’ll be taking a month, probably more, to do this renovation and losing those months rent (we are not wealthy by the way)…so 7:05PM, yes the “squeeze” is on…understandably, no? and yes i want to be nice to these people who we have a good relationship with.
can’t i ‘squeeze’ and not ‘screw’ at the same time?
4:13 PM, 4:33 PM, 7:05 PM
i think someone asked you “how do you deal with your tenants?”. something obviously tells me you don’t have tenants…in other words you have no idea what you’re talking about.
troll somewhere else.
THIS IS THE SQUEEZE.
Im paraphrasing the OP.
” i’d like to be nice and give them a few months notice (4 months for example)……
don’t want them to leave the apartment any earlier”
Meaning when he tells them his going to kick them out doesnt want to loose a single dime of rent.
If you dont want to loose rent, give them 1 month. If you want to nice give them 4.
Has anyone here ever actually lived in a building that wound up getting SOLD whilst still a tenant??! I have, and I got 90 days notice from my landlord, which was really a gift in hind sight. My lease had expired months before but I think because I had pretty much always done the right thing by him, he gave me some extra leeway. FOOD FOR THOUGHT: Under the terms of a month to month agreement, a landlord need only provide 30 days written notice for an existing tenant to vacate the premises. This clause has been in every lease (3) I have ever drawn up.
4:33, that’s exactly what the poster proposes to do. upgrading rental properties is a GOOD thing.
“they want to squeeze everything they can out of the tenants they want to kick out.”
how do you figure? seems that they just want to give the tenants a nice amount of notice.
they’re giving them 4+ f&*%@ng months!
how do you deal with your tenants?