Address: 9291 Morning Park Dr CONSTRUCTION Type Details Our Cost Paint/Repair Exterior Yard Cut tree limbs back from house $74.75 Sheds Fence Roof Repair shingle on back of house in valley by back door $86.25 Exterior Doors Door Hardware Keys Trash Removal Sub floor Repair Flooring-Wood Flooring-Tile/Laminate Flooring Carpet Doors Paint and Repair Interior Paint all walls doors and trim $977.50 Finish one repair on garage wall and repair another and paint garage walls $86.25 Paint both sides of exterior door going into garage and its jam $51.75 Clean and paint return air grills $0 Bathroom Kitchen Windows Glass Repair Blinds Install 7 blinds $80.50 Plumbing Electrical HVAC filters Change out air filters $40.25 Rent Ready MISC Replace electrical covers where needed , Install light bulbs where needed , Replace toilet seats 3 , Install batteries in smoke detector on both levels of home $120.75 Pest Control Cleaning Appliances Construction Bid ONLY Total $1,518.00 Additional recommended OPTIONS not included in Construction Bid: Lots of siding on chase that needs replaced, will take 9 pieces, 16 ft. then paint repairs $402.50Repair floor in back shed by door its falling in $97.75

Hello,38 years old, happily married with 3 beautiful kids, and a smoking hot wife (just incase she reads this)We just recently become landlords. (2 weeks ago) We built a new home, and rented out the one we have lived in for the past 6 years.   

@donald @Donald Thomas Congratulations on finding a deal and you said something that stuck to me:"Knowing my market, I didn't have to look at comparables to know that this was a SMOKING DEAL."

A couple of concerns with this idea is I'm scared about taking on so much debt since I will be only putting down 3.5% and the fact that the housing market is still smoking hot in the SF bay area. 

When you are in the unit check out functionality of HVAC, electrical, plumbing, appliances and smoke/CO detectors.

I try to do the easy value add myself and outsource anything that takes more than an hourthe “turnkey” work included:patching walls from nail and hook hole,cleaning out some trashadding smoke detectors to bring it up to fire codedeep cleaning and scrubbingdealing with building inspectorupdating some electric outlets and replacing outlet coverstouch up paint workand I had a contractor replace some carpet with vinyl plank flooring.given I could only work about 4 hours a week it ended up taking me close to a month to get it ready for rent.

@Ali Boone , you are a kindred spirit who agrees with me that you do not invest in Real Estate as a hobby or to 'buy a job', but you invest so you can take a cruise, sit on a Caribbean Beach or go fishing for Alaskan Salmon.

It is worth a few thousand dollars to take a few minutes to visit with the tenant.Another good reason: you want to check on the condition of the property to help make sure you want to extend the lease and here in Virginia a landlord must certify that the smoke alarms are functioning, to do this you have to actually test each one every 12 months.

I also give them a detailed 11"x17" floor plan with dimensions of each wall that they may need to plan out furniture placements, as well as locations of switched receptacles, cable outlets to plan where to put floor lamps, mount TVs etc...At key handover I give them more detailed package including a list of appliance models and serial numbers, a detailed electrical panel schedule, city mosquito control number, garbage collection schedule for regular waste, recycle waste, yard waste and bulk trash, smoke alarm batteries, storage shed padlocks, location of the secret switch to opens the swinging bookshelf that reveals two more bedrooms.

I have made, paid in hand to me, zip, notta, nothing, zilch, smoke, not a cent!