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21 May 2024 | 41 replies
I give tenants that are loyal, pay on time, a carpet shampoo with lease renewal, refresh paint in a room, but they all get market price increase if I'm increasing rents..
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20 May 2024 | 18 replies
Maybe paint all the doors a deep grey or black for example, and the uppers white, then match all the hardware.
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20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
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23 May 2024 | 43 replies
Lawns are mowed, houses are painted, windows are fixed and porches are clean.
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20 May 2024 | 0 replies
where do I start.... new paint, multiple fixes throughout the house, updating kitchen/bathroom, landscaping landscaping landscaping.
20 May 2024 | 5 replies
The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.
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20 May 2024 | 12 replies
Pretty much all the lower end non custom stuff is from there, but they are stained/painted and assembled in the USA.
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20 May 2024 | 3 replies
However, it looks like to the left it connects to another room (maybe the living or dining room) if so, I would see if it was load bearing and maybe take down that wall and make it a little more open, probably put an island where that is.For the outside, it mostly looks like it needs a new paint job, fresh grass, and some pressure washing.
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20 May 2024 | 21 replies
Then you could buy the doors and drawer fronts from a surplus building supply store and stain or paint to your liking.
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17 May 2024 | 19 replies
I would also try a Behr Marquee or Dynasty paint.