All Forum Posts by: Philip Levi

@Jaron Walling 

Thank you for your insights!

The quote I received was just for the kitchen, which is why I was taken aback by the amount. It feels excessive for such a small space. As for the condition of the property, there are no significant structural issues or unlevel flooring, thankfully. We are planning to demo the entire kitchen, remove the existing stackable washer/dryer to another location, and add a dishwasher. 

I appreciate your suggestions on rental-grade renovations. I’ll definitely look into cabinets from big box stores, as they can be much more budget-friendly. Waterproof flooring sounds like a smart investment, and I agree that matching countertops to the neighborhood is key. I hadn’t considered how impactful a tile backsplash could be, so I’ll keep that in mind as well.

Your point about addressing the unseen renovations is particularly valuable. I’ll ensure that the electrical panel and plumbing are checked thoroughly to avoid any future issues.

I also completely agree about the importance of paint. I’ll prioritize that in the overall budget, especially for the ceiling. Setting the right expectation is crucial to attract quality tenants.

Thanks again for your advice! I’m feeling more informed about how to approach this remodel.

Hello BiggerPockets Community,

I hope this finds you well! I’m currently considering remodeling the kitchen in my rental property, which is quite outdated. The kitchen is small, measuring just 8x10, and I’ve received a quote for the remodel that totals around $40K.

I’m feeling like this quote is on the higher side, especially since it’s a rental property and not the forever home I plan to live in myself. I want to improve the space to attract tenants and increase rental value, but I’m also looking for ways to keep the costs reasonable.

I would love to hear your experiences and advice regarding:

1. **Budgeting for a Small Kitchen Remodel**: What are some cost-effective strategies you’ve used?

3. **Must-Have Upgrades**: What renovations do you believe bring the best return on investment for rental properties?

4. **Where to Splurge or Save**: Are there specific areas in a kitchen remodel where it’s worth spending more, and others where you can cut back?

Any insights or personal experiences you can share would be greatly appreciated! Thank you in advance for your help!

Best, 

Philip  

Hi,

I’m interested in conducting a Cost Segregation study for one of my properties. Could you recommend a trustworthy and cost-effective company for this? 

Thank you!

Quote from @Andrew Syrios:

I would go with a vertical fence probably, especially since that's what most of the neighbors have and it would stick out. Horizontal are more expensive and at least for me, don't really look right. Maybe I'm just old school but I'm not a fan. That's my two cents at least. 

I appreciate your input! A vertical fence definitely has a timeless look, and it makes sense to go with something that complements the neighborhood. Thanks for sharing your perspective!

Hi everyone!

 I’m currently in need of a reliable handyman in the Memphis area for some upcoming projects and repairs. If anyone has had a positive experience with a handyman they would recommend, I would greatly appreciate your suggestions!

Thanks in advance for your help!

Quote from @David Krulac:

This year we had a heat pump cleaning, testing refrigerant charge (didn't need any added) and a capacitor replacement, bill was $157.05, factor I consider are the age of the existing unit, if it needed a charge, potential leak, cost of refrigerant (over the years there have been many varients of the type of refrigerant).  There is always the risk that after you do the repair, the the system fails quickly after that.  We have had systems fail and need replacement as soon as 10-12 years, and others lasting 30 or more years. 

Thanks for sharing the details about your recent heat pump service! I appreciate the insights on the costs and factors to consider. It’s definitely helpful to know about the variability in unit lifespan and potential issues with repairs.

Quote from @Garrett Brown:

How big is the home? I would replace it, in my personal opinion, for quite a few different reasons—happier tenants, less stress on you, etc.

I appreciate your perspective on replacing the HVAC system. I agree that happier tenants and less stress would be great benefits.

Quote from @Theresa Harris:

I'd suggest posting your location as prices will vary depending where you are (as will usage of the HVAC).

The price difference is quite a bit.  I'd call around and ask for other quotes, but if it will extend it by a year, I'd have it serviced.

Thank you for your suggestion! That makes a lot of sense. I’ll definitely consider posting my location to get a better idea of pricing and service options. I appreciate the advice on calling around for quotes, too.

Hi everyone,

I hope this message finds you well! I wanted to reach out for some advice regarding my current situation with my HVAC unit. I have a 20-year-old Rudd unit that needs servicing. The service company can attempt to extend its life by cleaning the condensing unit, replacing the aged AC capacitor and contact, and checking for R-22 levels. This service will cost $558, but they won’t provide a warranty for parts aside from those we replace.

Alternatively, I could invest in a brand new unit for $13,500.

Given the costs and the age of the existing unit, would you recommend servicing it or going for a new installation? I'm looking for any insights or experiences you may have had in similar situations.

Thank you for your help!

@Taz Zettergren Thank you for your input! You're absolutely right—the location plays a significant role in determining the best style for a fence. I appreciate your suggestion about a horizontal fence for the midtown/east Memphis area; it does fit well with the modern vibe. I’ll keep in mind the benefits of a standard fence for other parts of town. Your insights are really helpful!