Well the water heater was probably 250, the parts maybe 20 and 280 for labor is reasonable for a licensed plumber I guess.The reality is that replacing an electric water heater is no harder than replacing a washing machine and the only reason why the charge is so high is because this is not a fact known by the general public.

The handy man doing the rehab - he manages 28 units in Glendale - says I should be able to get an extra $100.00 per month in rent if I have a stainless steel stove, hood, and dishwasher installed instead of white.There might be some deal breakers for super high quality tenants already, like this being an apt conversion, with coin laundry machines located in the common area.

However there is the potential Con of having to keep the machines operational. 

A good set of processes, standard operating procedures (SOP's), and policies can be the difference between a successful, well-oiled machine type of organization and a chaotic, inconsistent, and frustrating one.Their concept of "McDonaldizing" your operation is exactly right.

This is what I do and it works like a well oiled machine (I own property and also manage property):-You show it ONCE per week between a one hour window.

You can buy and place vending machines or video game, pinball or pool machines.

Eh...not to say this is a bad idea, but in my opinion, I think its more effective to just focus on the core concept of the business, the actual lease of the property to generate good profits rather than trying to nickel and dime tenants into more profits.Obviously, items like laundry services and perhaps vending machines might work well and make since in a multifamily setting, but I think offering to wide of a selection of add-ons cause an over complexity to a business that often runs smoothest when kept simple.In a large, class A facility, there are probably lots of avenues for setting up additional revenue streams and services, much of what can be outsourced, but for attempting to confuse a lease with different services and add on costs can often become a headache to manage on top of the tenants.At the very least, instead of offering additional services, I would simply partner with local businesses who might allow you to profit from discount, bulk pricing which you can then up charge to tenants.

@Jorge Ruiz , you CAN make money on condos, but definitely put the due diligence machine into full speed mode.I've never owned a condo that didn't come with a "Special Assessment" of multiple thousands of dollars.

Friday I went by my bank to make some deposits and as I was pulling into the drive-thru I noticed two $20 bills on the ground right next to the Pneumatic tube machine.