Steps to Rehab an apartment

[Jesse Olson]

I've renovated different properties, but never an apartment building.  I'm looking at a 90 unit.  My questions are this:

What do I do first? the exterior to bring so I can start increasing rents...?

I'm looking for a specific checklist.

Heres what I think, but this is a guess?

1. Start on exterior to make the curb appeal look good.

   a. In this case, The parking lot needs to be done, the exterior is super tired and do the roof... I figure making the exterior nice will bring in higher $$ tenants... Do I hire someone to design it? how do I know its going to look good, etc... Colors? siding ideas??  

2. Then Interior community walk ways?  do the interior walkways to make the inside more enticing.

3. Then once the leases are up, start renovating the units... include low flow toilets etc...

4. replace the guts, plumbing HVAC, electrical etc...

Is this right, does anyone have a blueprint or checklist???  Thanks in advance...

If anyone wants to partner or has ideas, call me 

Jesse Olson from MN 

[Evan Kraljic]

No offense, but for someone looking at a 90 unit apartment building which I'm assuming you will be syndicating to raise money for, this seems like a question for someone who is out over their skis a bit. I would recommend that you find a local property manager who deals in this size of asset classes, and talk to them about how you would turnover units at this scale. 90 units is no joke so I would leverage your property manager for their GCs or remodeling companies who can help you out with this. For general information though, I think the Best Ever Apartment Syndication book by Joe Fairless is tough to beat for an all encompassing apt syndication book.