[quote=JBurkett19]Or, you could gather your quotes for the A/C, then get the money from your tenant in cash. Once the A/C is installed, pay the note, and take the capital improvement deduction over time as the tax code demands.
But, in all seriousness, I would do what the previous post says: Your tenant knew what they were getting in, so tell her NO, and move on. Make her adhere to the lease agreement, then when the lease terms are up, give her 30 days notice to move out.
Your tenant seems like a flake. Besides, I wouldn’t be surprised at all to find that your tenant has not a clue about how much a central A/C system costs.[/quote]
I agree with this advice. Maybe she has no clue at all how much it costs but if she is willing to escrow all the funds, and you have solid legal contracts in place that protect you, I see your downside risk very limited plus you will have the central air in the house after this tenant leaves.
I don’t care how close to the coast you are, if you have a summer like this where it’s hot and humid I consider AC a must.
Yes, I know AC is a luxury that close to the coast but if someone else is willing to pay for it and you have all the contracts you need in place to limit your risks, I’d say go for it.
It doesn’t matter that you might think it’s not necessary but it will be a big selling point in the future. I’m not sure about the whole “global warming thing” but I do know that it will be a big selling point in the future, especially if we have more hot and humid summers like this year.
