Reconsidered our decision

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Hawaii.  Photo by Ted Trimmer.

The other day, David received a phone call from our tenant, who asked if we would reconsider our decision to get out of the rental business. He said he would be willing to pay a little more for rent.

David replied, “No, my wife wants the second bathroom.”

After he hung up, I decided to call the tenant and ask him if he would be willing to pay $1,000 per month. He said it would be no problem.

We ironed out a few more details, and the result is that he will remain in our rental unit.

I felt that the $1,000 rent would offset the inconvenience of having one less bathroom.

Well, let’s see how long we can continue this way.

It’s a win-win situation, as he needs a place to stay and we need the extra income.

We will be able to live on income and not touch savings.

15 Responses to “Reconsidered our decision”

  1. Linda Starr Says:

    What a lucky stroke for you both, we thought about renting a space in our home but are afraid of the consequences and we don’t really have a good separation of areas.

  2. Jan Says:

    That sounds like a good deal for both, win/win, as you said. 🙂

  3. Kailani Says:

    Great call! HOpe it works out!

  4. Hattie Says:

    Glad you could resolve this one.

  5. Christine Says:

    It sounds like a good idea Gigi!

  6. dkzody Says:

    Well, it certainly is a lot of money for one room, but I guess the Hawaii market is much like San Francisco. I would have a hard time giving up my second bathroom as we lived with one bathroom while in San Francisco.

  7. Linda Reeder Says:

    I guess more money trumps the inconvenience? I’m sure your tenant is happy to not have to move.

  8. Lorraine Says:

    Any chance you can add a second bath?

  9. Denise Alexandra Says:

    That’s a win-win for everyone and hopefully you won’t miss your second bathroom too much.

  10. SchmidleysScribblins Says:

    If you can stand to be cramped, it’s a deal. If David and I ever move from ourhouse, we will probably have many fewer bedrooms.

  11. Peter B Says:

    That extra income will certainly come in handy!!

  12. ohmygoodnesssakes! Says:

    Seattle has $1,000 a month one room rentals, our only child took care of a lovely home worth millions near a wonderful park on capital hill, she was paid to actually live there, the two fellows who rented were learning to be cardiologists and the rent was easily a $1,000 a month, she never saw them and they never used the kitchen only the upstair bathrooms, she had the place to herself..it was so gorgeous, she only used her room and bathroom and never the sitting room and dining room, it was so gorgeous like an oldtime hotel for the very wealthy, the people who owned it sold it for millions we are sure of that, our only saved every dime she could used public transportation and we stayed at a friends home to visit and we did often. She used the kitchen sparingly she hates to clean up a lot, but she used it, she had to make sure the Koi were fine and the gardeners had to do as the owners wished, parking in the garage was extra, that is how expensive inside Seattle and San Francisco is even more expensive!!!!!!!!!! Your tenant is mighty lucky to rent from you both, many tell me Hawaii is the most expensive Honolulu in the whole of the USA…good luck with the tenant!!!!!!!!!!

  13. Beatrice Says:

    As someone has previously commented, seems like rentals are higher in your area for less space, but people take what they can get and sure your tenant knows your place is good if he offered to pay more. Hope all works out for you both.

  14. marmeladegypsy Says:

    Sounds like a fair deal. Here a two bedroom duplex is about $700 including heat but not water and electric. More if the place is larger (maybe still two bedrooms but more square footage). You may well be able to have the extra to build your bathroom when the tenant moves and another year or so might be just the right timing.

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