Is it worthwhile spending money to upgrade a rental?
For two years before we bought our current home, we lived in a cute cottage in Sunnyside Gardens. It was a rental - Ross had been living there 14 years before we met. Our landlady, a lovely woman who lived in the cottage across the path, was born and raised there. Like almost all of the buildings in the neighborhood, it was a 3-family residence - two up and one down, as they say. Generally, owners lived in the two-bedroom units on the ground floor while the one-bedrooms above them provided rental income. The neighborhood was booming, with the cottages increasingly being converted to one-family homes.
