6 June 2025 | 8 replies
Here's the sequence we typically follow:🏗️ Interior Rehab SequencePre-Closing PreparationScope of Work: Conduct a thorough walkthrough to identify structural issues, outdated systems, and cosmetic updates needed.Budgeting: Develop a detailed budget, including a contingency for unforeseen expenses.Permits: Obtain necessary permits to avoid delays.DemolitionSelective Removal: Remove outdated or damaged materials while preserving elements that can be reused.Site Preparation: Ensure the site is clean and safe for the upcoming work.Structural Repairs & FramingFoundation & Framing: Address any foundational issues and modify framing as needed for new layouts.Inspections: Schedule inspections to ensure compliance with building codes.Mechanical, Electrical, and Plumbing (MEP) Rough-InsSystems Installation: Install or update HVAC, electrical wiring, and plumbing systems.Inspections: Conduct rough-in inspections before proceeding.Insulation & DrywallInsulation: Install insulation to meet energy codes and improve efficiency.Drywall: Hang, tape, and finish drywall, preparing surfaces for painting.Interior FinishesPainting: Apply primer and paint to walls and ceilings.Flooring: Install flooring materials, ensuring they are protected during subsequent work.Trim & Millwork: Add baseboards, crown molding, and other decorative elements.Cabinetry & FixturesCabinets: Install kitchen and bathroom cabinets.Fixtures: Mount sinks, faucets, lighting fixtures, and hardware.Appliances & Final TouchesAppliances: Install kitchen appliances and test for proper operation.Final Inspection: Conduct a thorough walkthrough to address any punch list items.⏱️ Timeline & Efficiency TipsProject Duration: Aim for a 3–4 month timeline, adjusting based on project scope.Scheduling: Use project management tools to coordinate trades and avoid downtime.Communication: Maintain clear communication with contractors and suppliers to ensure timely deliveries and work completion.📋 Tools & ResourcesProject Management: Utilize software like Trello or Asana to track progress and tasks.Checklists: Develop standardized checklists for each phase to ensure consistency across projects.Budget Tracking: Use spreadsheets or financial software to monitor expenses and stay within budget.
6 June 2025 | 15 replies
Hell, even if you can prove this it still may not hold any weight.Get the mold remediated and fix the structure and craawl space items that are damaged.
5 June 2025 | 7 replies
As soon as an item is placed into service, the lifespan of the item has started.For example if a water heater replacement is $1200 in your market and lifespan is expected to be 10 years, the water heater has maintenance/cap ex o $10/month. 2 water Heaters means $20/month.
11 June 2025 | 46 replies
I'd recommend doing FOIA requests with the city and building a checklist of all important items during due diligence. 6. obviously have conservative underwriting.
6 June 2025 | 8 replies
In the future, this may be a good item to clearly call out responsibility in your lease, if it is not already.
3 June 2025 | 2 replies
Retired military and have always been extremely cautious but ready to embark in real estate in '25.
5 June 2025 | 4 replies
Here's a quick list we use when advising clients:Avoid septic if possible (higher long-term maintenance)No power lines or flood zones (hurts resale/rentability)Good school district and low-crime zip codeNo HOA or landlord-unfriendly restrictionsBuilt after 1980 to minimize major capital items (plumbing, electrical, HVAC)Single-story brick homes rent well and cost less to maintainFor a deep dive, check out the BiggerPockets books “The Book on Rental Property Investing” and “Buy, Rehab, Rent, Refinance, Repeat (BRRRR)”.
5 June 2025 | 4 replies
This is common, and you want to make sure you fully understand this before entering into an agreement.4.) make a good list of the deferred maintenance items.
3 June 2025 | 10 replies
It allows you to "check the box" for crib/baby items.
4 June 2025 | 0 replies
A very thorough inspection in the beginning is crucial to build a replacement plan for high dollar items such as the HVAC if they are aging.