All Forum Posts by: Dave Laird

@Whitney Hutten thanks for the heaps up.

@Dustin Hoffman I have owned the property for 10 years.

I’m in Seattle and I’m looking for refinance my first rental.

What is the time line I would be expecting for a refinance in Feb 2021?

Cheers

Dave

@Bradley Padula I got quotes from two floor people for about $4500 to refinish two stories of hard word floors. The PM said I will be able to find a tenant without having to refinish the hardwood floors.

Thanks, everyone, for your feedback. @Bradley Padula the before and after photos are amazing.

Talking to a local property manager who has rentals in the area encouraged NOT to refinish the floors, a $4500 expense, and I should get the $3000 a month rent without a problem. I will not be putting the carpet down.

Setting the rental price for a newbie and figuring out how far to go with fixing up a rental has been difficult.

Once again, thanks heaps for all your feedback.

Dave

I have a 100 year hold house with hardwood floors in two bedrooms (pic below). The main floor will stay as hardwood floors. 

To sand and refinish the floors would cost the same as putting carpet down about $1600. 

What are the pros and cons? 

Cheers

Dave

Wanda great advice. I like the cordless option too. My house is and older house so curtain rods do make sense. 

Thanks heaps for your feedback. 

I'm list my first rental this week. Do I need to provide curtains? Are there pros and cons?

What about window blinds? 

Cheers

Dave

Thanks Jody. 

I like the excel approach. 

Is there one place to go for back ground checks? 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $314,000
Cash invested: $200,000

Now working out potential rental price. 

First home in the process of turning it into a rental.