Kitchen RenovationScope of Work:Replace all cabinets with high-end custom cabinetryInstall quartz countertopsUpgrade to stainless steel appliances (high-end brands like Thermador or Bosch)Add a large kitchen island with additional seatingInstall new tile backsplashUpdate lighting fixtures with modern pendantsRefinish or replace flooringEstimated Cost: $50,0002.

Have you built or customized your own underwriting model yet?

Their customer service was poor.  

I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.

We only disagree on what is basically a customer service issue.

I'm a very patient customer, so I just let it go, but then I saw the BP podcast was promoting them again.

- The tenant may be granted permission to customize the property such as painting the property to their liking or upgrading flooring or customizing bathrooms which can create more feelings of a sense of ownership in taking care of the property.- The rents are usually $100-$200 higher than the average rental amount which can create a higher monthly cashflow.- Tenant takes care of most of the fixes and repairs for the property, except for large ticket items that should have been taken care of before the tenant occupied the property.

Before making any decision, I would get a customized property evaluation by a local Realtor to determine the value of the property on both sides of the spectrum; sale OR rental. 

I have no relationship with Roofstock other than as a customer. 

Since this is a post about our loan shop, I'll highlight that we are a small loan shop (30 employees), family-owned just trying to get more clients by placing their loans well and treating customers well.