While under contract, we perform due diligence and there will be some soft costs incurred. 

It hurts the tenants ability to find another rental, nobody wins, and it takes forever costing you money. 

Whether you're curious about cost-effective renovations, navigating building codes, or optimizing a property's layout, feel free to reach out.

For these, costs tend to double across the board, especially for older buildings.

.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k Darnell, did you get your questions answered?

When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

I think it just benefits current owners. our replacement cost variability just went up a lot for the next 4 years.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

What's the location, purchase price, expected Reno cost, ARV, etc.?