Swap out an ancient but working AC in a rental now or ride it out?
Pretty sure i know what the general consensus will be here but managing a few SFHs in the area, got one property with a 25 year old AC that is somehow still blowing cold.
Do I bite the bullet and replace it this shoulder season since I have a quote on hand, or just cross my fingers and wait for it to die? The main reason I'm hesitating is the cash flow hit - dropping four grand right now when the current unit works fine feels painful, especially since these old systems were built like tanks and might last another five years. Plus, tenants pay their own electric bills anyway, so the efficiency upgrade doesn't really save me a dime. My main worry is that if I wait for a total breakdown in July-August or ever, I'll be stuck paying emergency weekend rates and dealing with pissed off tenants.