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All Forum Posts by: Peter Bardou

Peter Bardou has started 11 posts and replied 30 times.

Post: Cockroach infestation question?!

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3
I have a property that I can’t prove a tenant brought in a roach infestation. Their lease doesn’t state anything about the event of an infestation( all of my leases now do). My question is, in the case of a cockroach treatment am I required to pay for their lodging for a night? They have a 2 month old baby which the local exterminator recommends 24 hours off the premises after treatment. Am I required by law? I am in Onondaga county, New York.

Post: Rental Rehab calculations

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3

@Jill F. this is my ROUGH drawing from my ipad pro of how im going to install the newer cabinets. The red markings are where ill bring the backsplash all the way up the wall and im going to put in a custom floating shelf ill make myself 

Post: Rental Rehab calculations

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3

@Jill F. that is all awesome info! Yes the stove is on an outside wall and i actually did toy with venting it, that will depend on the time i have as well. 

great suggestions on the light, i do use a home depot version of the light you described in other units and that may be a good spot to save some money. 

I am going to consider all of your suggestions actually!!

The cabinets are going to be painted a chelsea gray by benjamin moore that i have left over from another project. I think overall the kitchen is going to look very modern with the plans i have and attract great tenants. This property is in a quiet single family neighborhood so i always have great tenants. (attached are the cabinets before being pulled out of the old kitchen they came from)

I have also linked the backsplash i have my eye on for this :  https://www.homedepot.com/p/Daltile-Matte-White-12-in-x-12-in-x-6-mm-Ceramic-Octagon-Dot-Mosaic-Tile-10-sq-ft-case-65012OCT01CC1P2/100187756

Post: Rental Rehab calculations

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3

@Jill F. I am not 100% positive about the Linear feet of countertops yet. the estimate is on 2- 10' mitered laminate countertops. I have attached a picture of the space. the kitchen is 13 x 11. Ceiling fan will be going in the middle of the kitchen

i am rearranging the kitchen a bit and adding a dishwasher

Post: Rental Rehab calculations

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3

@Jim Goebel Laminate countertops. This is not a high end rental. You can buy mitered pieces at home depot or lowes relatively cheaply. I picked up a set of very nice cabinets that my uncle just took out of a kitchen that was only 7 years old that are going to almost perfectly fit in the space i have to work with. 

I think my numbers are relatively reasonable, and i added 15% onto them as well for the unknown because NOTHING goes as planned. 

Post: Rental Rehab calculations

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3

@Alex Deacon I did forget to mention that my work schedule is extremely flexible and i have given myself a 6 week time table to complete the work. The unit is already rented for $925, and tenants move in mid april. Obviously the move in is contingent on the completion of work. I do have help on the project as well. 

I will not be gutting the kitchen or Bath to the studs, its mostly cosmetic work. 1 month to complete work, 2 weeks for unknown

Post: Rental Rehab calculations

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3

Hey everyone!

I am getting ready to rehab a kitchen and bathroom in a 2 bed 1 bath unit. I am doing all of the work myself. The estimated budget for the rehab is as follows:

The rent increase will be $200 on the unit, going from $725 to $925 or a 27.5% increase. I absolutely feel like this is a no brainer because i am doing the work. IF, i were to pay contractors to complete the work, i would add at least 50% to that total if not more....IS IT WORTH THE REHAB? as a DIY is it worth the rehab in terms of ROI

I can currently bring the unit up to $800/month with a turnover and zero rehab.....THOUGHTS?

plumbing and electric is being done by family members for cost of materials :-)

Post: Absolutely insane crazy idea?!

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3
Hey everyone! There is a shopping mall that basically has zero retail stores in it currently and is probably going to be sold. I have this Crazy crazy idea that the shopping mall could be turned into apartments or condos where the existing stores are. Turn the walk ways into park like settings and include all state of the art immeneties. Basically high end shared living of sorts? Has anyone ever heard of this being done? I know it’s far fetched, but is it even feasible in terms of cost? I don’t know the logistics of how shopping malls are built but all the utilities should be in place for the most part? Thoughts???

Post: Looking for a CPA to direct a tax strategy for me!

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3

Thank you everyone for the awesome response to my question! I will be messaging all of you and see if you're services and my needs are a fit!

Post: Looking for a CPA to direct a tax strategy for me!

Peter BardouPosted
  • Investor
  • Syracuse, NY
  • Posts 30
  • Votes 3

@Natalie Kolodij  @Yonah Weiss Thanks alot for the info! I planned on speaking with a few different professionals, like you said to fit what matches up for my situation best!