Rental Properties(Any tips for a 22 yo?)

[Victor Williams]

Hello, My name is Victor and I am 22. I own a few rental properties that rent for around 650 to 700 each. I was wondering if anyone had any tips regarding flooring and cabinetry as far as what type to get, as well as any other tips you care to throw at me. If you think of it type it out I will talk all the info I can get thanks!! I am pretty good with my hands and plan on doing all the work myself so do not add in the cost of installation. I am more concerned with durability and off course not over spending for the demographic.

[Kevin Fletcher]

@Victor Williams

Tenants will never care for a place like you will. The general rule of thumb for rentals is over-engineer the remodel. Which means to spend a little extra make things essentially bullet-proof, so you will have less things to fix when tenants leave. For example,

+Tile wherever you can manage.

+Extra coats polyurethane on wood floors.

+If replacing drywall - use 5/8 thickness.

+Simple hardware in the kitchens and bathrooms - for example faucets and toilets break so you want to try and get more reliable ones.

This will save you a lot more money, time, and energy in the long run to use the more durable option when faced with choices. Its supposed to be passive income, it doesn't end up being very easy or passive if you have tenants calling you every day.