Selling - Reno or Not ?

[Andrew Lax]

Long story short, I am getting out of my 15 unit single family residential portfolio in South Florida.  

Current plan is to sell one unit a year and put the net profits into fixed income.

The assets are in the 400k range with older renovations but are somewhat presentable.  

With the current cost of renovating - what is the consensus ?  

Slap some paint and clean them up sell at slightly below market - or new kitchen, bath and flooring which will cost around 50k each and swing for the fences?

Thanks guys !!