For rental property. If it ain’t broke, why fix it.[/quote]
Because happy tenants who feel like they are getting a good deal on a nice place to live will be more likely to stay as long-term tenants, and this will keep your costs down over the long run. Also, they will tend to care more for the house if you care for it. It’s well known that if tenants feel as though their LL is a slumlord, they will be much more likely to abuse the place, in addition to engaging in other undesirable behaviors like not paying rent, stiffing you for the deposit as they use it for “last month’s rent,” etc.
