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 !!  

[Mya Toohey]

I'm in the Tampa area and you can get top dollar for units needing to be renovated. I don't think the time and effort would be worth the gain. What are the ARV values of the properties if you renovate and how much of your time would go into it?

[Andrew Lax]

Quote from @Mya Toohey:

I'm in the Tampa area and you can get top dollar for units needing to be renovated. I don't think the time and effort would be worth the gain. What are the ARV values of the properties if you renovate and how much of your time would go into it?

 Thats good to hear.... I am thinking a slight discount off market and save me the headache of renovating. just clean them up and paint !!