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Updated over 6 years ago on . Most recent reply
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The Innocence of Youth
I recently purchased a SFH for 68K as a rental property, needs mostly cosmetic touch up. This is my first property and I’m being baptized by fire. Is it better to use quality products or take the cheapest option to increase margins?
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John Underwood
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@Carson Kesner I would not look for the cheapest stuff or the most expensive. I would look for good stuff at a good price or the biggest bang for the buck. I also want to make my rentals "bullet proof" so that they hold up to wear and tear and a little abuse. I do no use carpet. I use vinly floor strips that look like hardwood floors. I use one piece of vinyl flooring for the bathrooms and kitchens to contain water and spills. I make sure the HVAC is in good shape or replace it.
You can always make bigger and better improvements later during future turnovers.
Get it up and running and start collecting rent ASAP.