Re: Tenants looking for compensation for inconvineince

Re: Tenants looking for compensation for inconvineince by Garry (Iowa) on July 16, 2017 @09:40

Do you HAVE TO compensate them for their inconvienience,---no. SHOULD you compensate them, A big, fat, YES! I realise you just inherited the condo, and did not expect a major problem so soon, but here it is, and you must deal with it. It's
by far, easier for you to deal with losing a half months rent, than to have to deal with a complaining tenant, who is not happy, being forced to re-arrange their lives for 2 weeks. If you don't compensate them, they may decide to move, or even stop paying rent. Then you will be stuck trying to evict then for nonpayment of rent, or you will have to find NEW tenants if the move on their own. If you are a new landlord, do you know how to evict someone, and the costs involved? If you need to find a new T, do you know how to check out someones application, and get in another good tenant. Most people on this forum will tell you it's easier to retain a good T, than it is to find a new one. You are in a BUSINESS now, and sometimes there are going to be unexpected costs, that you are going to have to pay to keep your business going. Good Luck.

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Re: Tenants looking for compensation for inconvineince by Gerry (California) on July 16, 2017 @13:18	[ Reply ]

I'm a new landlord but I am aware of many of the factors of being a tenant and from research and talking to landlords. The work hasn't even begun yet and the main areas of living, other then one wall of the kitchen will not be effected. they will only have workers in their unit for 4 of the 12 days, two of the days will only be for a couple of hours tops, the fifth day will be an inspector for 30 minutes tops. I know it is a hassle to have to clear out some cabinets and move a coffee table to another area, but I think wanting to be compensated for 12 days when only 4.5 days will be invasive due to workers coming and going is too much and they are trying to work me. I don't think compensating for 7 days that no work or workers will be there is stretching it. Also asking to be compensated before any work has been done by the HOA is a bit immature don't you think. They even said in an initial email after having met with the project manager that they were willing to work around this inconvenience and were only concerned about two of the days, now they fire back with the "12 inconvenience business" I going to pose to them that I'm going to wait until after the work is completed to see what I may do if anything. What I am considering as compensation is pro rating the rent for the 5 days that work will be being done and the 30 minutes the inspector will be there. What do you think of that, fair??? The place will be completely functional and habitable. Just for reference, these people are nice but they also live in a really nice unit/complex in a really nice location and are paying close to $400.00 under market value for rent and they know it. So should they decide to move they will severely be downsizing unit wise and rent will be increasing in this part of southern California. ;I'm more then willing to work with these people but I also don't want to be taken advantage of. Your advice and suggestions are welcome.

Re: Tenants looking for compensation for inconvineince by Garry (Iowa) on July 16, 2017 @16:44	[ Reply ]

I agree that there is room for negotiation here. Since the renovation is still in the future, you could guarantee them right now, that they will not have to pay for 4 days of rent, and then you will both discuss a final amount after the work is done, and all their personal items are put back where they were before. Remember, there are many unexpected things that can happen once a renovation has started, that you or your Ts may have no control over. So both of you need to agree to wait till the job is done for a final agreement. Do not bring up the under-market rent, unless they threaten to move. They must discover that for themselves.

Re: Tenants looking for compensation for inconvineince by Gerry (California) on July 16, 2017 @17:38	[ Reply ]

Thanks for your advice and help. I won't be contacting them again until closer to the date. I don't know these people but I understand they are nice and have been good renters for several years and one full year left to go and they are from out of state. I have no intension of telling them that they are paying under market i'm guessing the know. I don't think I even want to tell them about the prorated rent for 4 days until after the project and I am possibly willing to split the 12 days and meet in the middle at six if that. So you think the 4 to six days is reasonable? I have been a renter years ago and had to experience some stuff but never asked for prorate... I mean as tenants isn't it reasonable and expected that sometime during your/their tenancy that things could come up and we/they have to experience some inconvenience without being compensated?? Am I wrong? I think this situation is likely being beefed up more then necessary in anticipation of the unknown. I don't think this is a situation because they have to move some furniture and personal belongings around temporarily that it would be a reason for them to withhold rent. I'm starting to over think this, I think? Advice opinion What is your experience as a landlord?

Re: Tenants looking for compensation for inconvineince by Gerry (California) on July 16, 2017 @17:45	[ Reply ]

Oh and G I really don't think there is any negotiation necessary, I mean technically and legally I don't have to do anything and I'd love to convey that to them, but because I would like to make things to go a bit smoother I am willing to give them something and or meet them half way. We are all being inconvenienced to a certain extent here physically and or financially. Also they are requesting not demanding a rent cut

Re: Tenants looking for compensation for inconvineince - Landlord Forum thread 353263