When my hardwood guys started sanding the smell was unbelievable, but we actually were able to seal the floors and get rid of the smell.  

A complete overhaul of the kitchen and bathrooms, including cabinets, countertops, LVP flooring, electrical and plumbing fixtures.

A complete overhaul of the kitchen and bathrooms, including cabinets, countertops, LVP flooring, electrical and plumbing fixtures.

You have the mortgage, taxes, insurance, maintenance, capital expenditures (roof, flooring, etc.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.

Bought under assessed value, slight value add through cosmetic rehab (paint, light fixtures, flooring) What was the outcome?

In my early days of rehabbing I used to wonder how the heck do people miss-fire and pee all over bathroom floors.

Got this one for 30K, only needed floors and kitchen redone.

We still need to calculate appliances, flooring, windows, HVAC, fixtures....My point is that we need to be putting away money to keep our properties in max market rent rate condition.

Also received the Scope of Work: roof repair, exterior paint, replace rear siding, new exterior doors, new gutter, soffit and fascia repair, clean and seal basement, electrical repairs and new breaker 100 amp breaker, refinish hardwood floors, new vinyl kitchen floor, new furnace and duct work - Estimated $9,100 total."

Another complex I own in will replace the kitchen cabinets and flooring in the units as they were originally sold with these items.