Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

5
Posts
2
Votes
Vasug Real
2
Votes |
5
Posts

How to increase rentability (high rent) for a condo

Vasug Real
Posted

Hi, I plan to buy a property in Cincinnati. It is a condo priced at $140,000. (980 sq ft) (My mortgage payment comes around $1000 to $1200)
Currently, rents around the area are $1200 to $1500.

If I have to make my property standout and attract huge rents, what are the things that I should look for and improve on the current property?

Paint, LVP (Hardwoord?), Kitchen (new appliance) etc? What is the list and how should I approach it? This is my first time

The apartment is livable and has the bare minimum—carpet, normal closets etc. (Without any need for modifications) and it can rent for $1000

Most Popular Reply

User Stats

113
Posts
81
Votes
Timur Salikov
  • Cincinnati, OH
81
Votes |
113
Posts
Timur Salikov
  • Cincinnati, OH
Replied

This deal seems kinda thin. Any repairs or maintenance an you will be in the red. 

As far as getting higher rents, the biggest bang for your buck would be:

1. Paint the walls Sherwin-Williams Westhighland White or something similar 

2. Replace light fixtures, switches and outlets with new white ones

3. Get some pro photos, turn on all the lights and open all windows, get maximum amount of light
(Look up "adaptive realty" they are able to get top rents from their units with their style)

4. Change carpet to Luxury Vinyl Plank, I use Lifeproof from HD.

5. If its near a hospital, you can consider med term renal to nurses.  

Loading replies...