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Dave:
And the reason I like doing this is because I bought this property with tenants in both units and they were good tenants, and so I didn’t really see a reason to kick good tenants out of a property to spend more money and renovate. Instead, what I decided to do is just see when these tenants chose to leave on their own. And when they did that, I would update the units as well as I could and hopefully drive up the rent. And that’s exactly what happened. It took about a year and a half, and I mostly invest in sort of downtown areas where it’s a lot of young professionals, so the turnover is relatively high. So I had a fair degree of confidence that this would be a year or two or maybe the first one didn’t renew their lease after about six months. So I spent three weeks renovating.
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