While this works, it’s not always a true “turnkey” setup.In other cases, the entire process—acquisition, renovation, and management—is handled under one roof.

Took soffits down (whoever invented soffits should be shot if not dead), new flooring, new paint, new roof (thanks hailstorm), refinished the deck.

On the rental property side we will go through another round of capex improvements, mostly driveways and roofs.

If you are doing multiple renters to one shared roof, then do yourself, your investing dreams, and your renters a MASSIVE FAVOR by learning & implementing coliving property management. 

(How good is it if your password are leaked?).

I can fix almost anything and have experience with electrical, plumbing, flooring, roofing, siding, drywall, etc.  

For older properties, expect a higher CapEx due to potential issues with major systems like roofing or plumbing.

I breakdown my budgets by Category (Roofing, Siding, Painting, Electrical, etc.) 

We converted a old restaurant on the property to a coworking lounge, redid the pool and built out the roof to a entertainment center with fire pits, lounges, bubble chairs, barbeque, large screen TV, music, yoga mats and amazing views of the ocean and city lights.It is designed for coworking/coliving for business professionals and entrepreneurs who want to...Live where they work.

It’s older (usually 20-40 years), often don’t have tile roofs or stucco siding and if you ever want to sell, you’re selling to investors as very few are house hacks.