General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago, 02/13/2015
Oceans of paint and Acres of Carpet are bad. Limit the size of your rentals!
Thank you @Tyler McCracken for that phrase.
Anyway, ten years ago when I didn't know what I was doing when purchasing property, I bought a couple of four bedrooms with about 2700 Square feet of space in each. While this makes the places slightly easier to rent, it means that I have seemingly oceans of paint to pay for and sometime, probably soon, I'm going to have to buy acres of new carpet.
Since I could have gotten the same rent for an 1,800 to 2,000 sq ft house, my capex expenses on these properties are needlessly high.
This is definitely one of the (many) lessons I have learned as a landlord.