How much to reduce monthly rental rates on home if tenant performs home improvements.?

A prospective tenant asked if I would be willing to lower the monthly rental on my home in exchange for performing some home improvements. The rent is currently $1,500/month and I'm wondering what experiences other people have had with this arrangement and how much to reduce their rent for these services. Some examples are replacing flooring in the bathroom and kitchen with tile, repairing drywall damage, and hanging new interior doors.How much to reduce monthly rental rates on home if tenant performs home improvements.?
My biggest concern would be that the tenant either doesn't do a good job, or doesn't have the skills to do a good job. So I would personally approach it from this angle.





Establish in the lease that the rent is $1500 per month. Then on a case by case basis for each project, offer to pay the tenant a fair price for his labor, plus materials if he provides them himself. Pay him with rent credit, and each month that he redeems rent credit, he pays less rent.





The problem is that if you don't do it this way, your lease will determine how much you can charge per month, but you 'll have very little power to force your tenant to do good work.





Pay a lawyer a few hundred bucks to set up a lease that protects you. Then keep very detailed records of everything, and have the tenant sign something each time you pay him or allow reduced rent as payment.How much to reduce monthly rental rates on home if tenant performs home improvements.?
Those are pretty hefty projects that require knowledge, personal time and unless you are buying the supplies - money. Even if you are buying the supplies, a tenant who offers to make home improvements is a GEM!!! That means you can also probably count on this tenant not wrecking the place. I don't know where you are but if they threw in cleaning up leaves, mowing the lawn and shoveling the snow, I would be willing to go as low as $1000 a month as long as it covered the mortgage.
Rents and maintenance are treated differently for income tax purposes. Stay firm on the rent and agree in advance what will be paid for what work. Inspect it, get receipts and then pay the tenant as you would a contractor. Tenants often think they can do many things, and also want to take credit for totally renovating a home when there's not a clear understanding about each party's obligations.
I wouldn't do it. Such agreements are usually so vague and often one party ends up unhappy. They might disagree on what's ';good enough'; or acceptable quality of work. They might disagree on the acceptable timeframe to perform the work. They might disagree on the quality of materials they use. They might have family issues or illness that prevent them from performing the work. So then what do you do? If you make this agreement, make sure to put it in writing and be very specific on what your expectations are.
I have discounted a tenants rent for making improvements. I buy materials and pay him the going rate you'd pay someone else, most of the time it was $20 an hour.
When we have allowed this we only take off for materials used with a receipt. Any labor is just their own time spent.
I would get some quote from professionals that could do the job and maybe figure an average cost and deduct that.