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Updated about 10 years ago on . Most recent reply

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264
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JT Spangler
  • Buy and Hold Investor
  • Nashville, TN
102
Votes |
264
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I spent a month rehabbing this property, and rented it in 7 minutes

JT Spangler
  • Buy and Hold Investor
  • Nashville, TN
Posted

I remodeled this 1940s cottage almost completely. New paint everywhere, new light fixtures, two new bathrooms (new vanities, lights, fixtures minus the toilets), a totally new kitchen (new sink, countertop, backsplash, appliances, new front door, new GFCI outlets in every room, new supply plumbing throughout (a few new drain lines as well) and a new ceiling in the master bathroom.

I hired out the repipe, the backsplash, and the painting, and did the rest (and fifty small things I didn't mention) myself. 

I've been working ten hour days since the middle of December, minus three days off for Christmas and a week in Mexico over New Years. So, about 20-25 days of my life on this rehab. 

I priced it aggressively, and I've gotten multiple applications at the full price before I've even posted the listing on craigslist/postlets/facebook. I'm really hoping the first one checks out, since it's a single person with a nice job.

[pics forthcoming once I have them in my possession]

Most Popular Reply

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7,658
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4,300
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
4,300
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7,658
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

@JT Spangler 

Gotta love it when that happens.  We are just finishing drywall on a full gut reno of an 1100 - 1200 ft^2 2-story unit and have already had two people approach us and take-away applications to rent it.

One question though:  Why renovate the entire bathroom and not replace the flush with a newer, Watersense compliant model?

  • Roy N.
  • Loading replies...