Best practices to rehab a place?

[Sergio B.]

When keeping a property as a rental, what are the best practices to rehab a place? I guess is different to rehab to resell and rehab to rent..... thoughts?

[Rolanda Eldridge]

Make sure all systems are functional.(electrical, plumbing, roofing, HVAC. Usually have to install new HVAC, because the unit is stolen while property empty. I don't set new unit until tenant moves in and most times I use a cage to protect. I paint entire house, refinish wood floors(most under carpet in the area), install current lighting/ceiling fans, carpet for BR. If needed, install tile in kitchen/bath. This saves money in the long run. I rent quickly for market rent because the place is nice.

***Planning a flip in upcoming months and I will use the same technique, but add higher end products.(new toilet, vanity, refinish tub, ceiling fans. In my area the flip has to look brand new!