Great show as always. I do most of these things in every unit I own. And I don't charge top of the market rents. My goal, when I cherry out a unit, is to get the very best tenants out of the available pool of potential tenants. As a bonus, I don't have to do much maintenance for a long time. It costs a bit more at first, but it pays in the long-run, and it's low-stress. I am a tradesman and I hire other quality trades people. I build each unit as I would want it to be if I lived there. We never say "it's just a rental."
Exactly. We just bought our first rental and people who are in this business keep telling me...don’t do much, it’s just a rental. But I said and asked....If I leave it like it is wouldn’t I be giving the renter the mentality that I don’t care about my property either?
@@Allin1mom I will never understand slumlords who don't maintain their own property. It seems high-stress, and they are throwing money away. The property will have to be maintained sooner or later. I've been doing this 11 years. I take a lot of time choosing my tenants, and I've really liked every one of them. The business has been good to me.
Just added central AC ($4500) to a 1940's home, also took up the nasty carpet and placed LVT flooring throughout ($5500). Both upgrades are long lasting and worth every penny! Living with summer body sweat and gross carpet makes for unhappy people.
Washer/dryer hookups, yes. Actual appliances, no. Providing a washer and dryer is just one more appliance for tenants to mistreat and the make service calls to you about when they break it. Higher up front cost, more service calls, higher maintenance costs, no thank you.
definitely market specific. I have never rented a place with no appliances where I am everyone has them but absolutely the most abused item that breaks the most often. I've found the cheapest oldest ones last the longest.
YES! Even fixing an oven or refrigerator can cost 1-2 months cash flow. I felt like an idiot 6 months ago after I bought a used oven for $150 for a new unit I bought. The first month there was a $350 service charge on that oven :(. The cheap way bites you in the butt.
That Central AC unit looks a lot like a Ductless unit which is what I would suggest installing for the price unless ducts are already there. I think it does depend on the state. I am not sure that the higher rents would outweigh the cost. Here you would be lucky if you could get $50 more a month and honestly where I live it isn't a selling point. it would take you years to recoup that.
Also, disposal units...asking for trouble, your sewer line gets clogged, your drains get clogged, they fail and first thing out of their mouths are "The disposal unit is dead". yeah because they're using it like a wood chipper.
Considering how cheap they are these days I can see investing in it but is it really that important? I have literally never lived in a unit with one or seen that many listed online. As far as reasons to rent I would rank this very low
That's awful advice, IMO. For one thing, just get the hoses that have the braided covering on them. Those can't burst. And people need washers and dryers, so if they're not in the unit already, you're not going to get as much rent. And the quality of the tenants you get and what they pay will be a reflection of that kind of lazy outlook. Quality offerings produce quality tenants. Cheap, lazy offerings that result from not caring will bring you cheap, lazy tenants who don't care right back. Just my take on it.
Unfortunately I’m stuck in the rent trap right now with how expensive everything is. None of the houses in my area that I could afford had dishwashers. I got around that by getting a full sized portable dishwasher. I saved up $1,000 for it but you can take it with you anywhere you move and landlords can’t price gouge for “luxuries” 😂
@Cristian Leal it’s a good way to watch how parasites feed off the working class with the help of their state thugs who regulate people out of their own homes. Again pray that you’re never in the middle of a revolution. Tenants will show you the same mercy you showed them.
I'm currently renting and a dishwasher is mandatory for me. As a property owner, most tenants want a dishwasher too, and not having one will reduce your prospective tenant pool.
@@brentvance9090 In Hawaii. People don't use a dishwasher. Renter or owner. I'm currently living in a newly built house. It doesn't have a dishwasher. None of my rentals have a dishwasher. The FIRE STATION doesn't have a dishwasher. U getting the point yet ? Wash dishes or use paper plates.
@Cool Dude - Kyle knows what he’s doing, the guy can rehab an entire house solo if he wanted too. Don’t judge, be grateful to learn. Him and his wife are very experienced and good wholesome people.
You people better pray that you never see a revolution and are at the mercy of the people. Remind me to buy popcorn for your trial in accordance to do process and the subsequent death sentence to be televised while Dead Kennedys “let’s lynch the landlord plays in the background
Great show as always.
I do most of these things in every unit I own. And I don't charge top of the market rents. My goal, when I cherry out a unit, is to get the very best tenants out of the available pool of potential tenants. As a bonus, I don't have to do much maintenance for a long time. It costs a bit more at first, but it pays in the long-run, and it's low-stress. I am a tradesman and I hire other quality trades people. I build each unit as I would want it to be if I lived there. We never say "it's just a rental."
Exactly. We just bought our first rental and people who are in this business keep telling me...don’t do much, it’s just a rental. But I said and asked....If I leave it like it is wouldn’t I be giving the renter the mentality that I don’t care about my property either?
@@Allin1mom I will never understand slumlords who don't maintain their own property. It seems high-stress, and they are throwing money away. The property will have to be maintained sooner or later.
I've been doing this 11 years. I take a lot of time choosing my tenants, and I've really liked every one of them. The business has been good to me.
Just added central AC ($4500) to a 1940's home, also took up the nasty carpet and placed LVT flooring throughout ($5500). Both upgrades are long lasting and worth every penny! Living with summer body sweat and gross carpet makes for unhappy people.
Mini splits are almost as good if you don't have room to run the ductwork, usually cheaper too.
@@gamesguy And can be DIY too since they're pre-charged. All you need to really make sure that's done properly is proper electric.
Great updates!
Washer/dryer hookups, yes. Actual appliances, no. Providing a washer and dryer is just one more appliance for tenants to mistreat and the make service calls to you about when they break it. Higher up front cost, more service calls, higher maintenance costs, no thank you.
All depends on the area! In some cities, washer and dryers provided by the landlord are standard.
@@RentalstoWealth I get that some provide them, but in my experience it’s not worth it.
definitely market specific. I have never rented a place with no appliances where I am everyone has them but absolutely the most abused item that breaks the most often. I've found the cheapest oldest ones last the longest.
YES! Even fixing an oven or refrigerator can cost 1-2 months cash flow. I felt like an idiot 6 months ago after I bought a used oven for $150 for a new unit I bought. The first month there was a $350 service charge on that oven :(. The cheap way bites you in the butt.
I do this, too. Many landlords in my area don't even provide hookups. My tenants are very happy to get their own machines.
Storage shed will be on my list.
That Central AC unit looks a lot like a Ductless unit which is what I would suggest installing for the price unless ducts are already there. I think it does depend on the state. I am not sure that the higher rents would outweigh the cost. Here you would be lucky if you could get $50 more a month and honestly where I live it isn't a selling point. it would take you years to recoup that.
Value-add in the Outdoor Living space…like a simple Fire Pit and/or Rock Wall (Terrace) to use for plants.
🥰 Thank you! Thank you! Thank you! I'm in escrow buying a duplex & this was soooo informative. I loved your ideas. 🥰
Great advise, can't wait to do my first flip.
You guys are great! Great tips too. Especially the photography point 👍🏾
Including appliances that require plumbing can be asking for trouble and possible water damages.
Also, disposal units...asking for trouble, your sewer line gets clogged, your drains get clogged, they fail and first thing out of their mouths are "The disposal unit is dead". yeah because they're using it like a wood chipper.
@@WoodUCreate Yes! We ALWAYS take out the garbage disposal. Nothing but a headache.
These are great tips!!!
Keyless entry is important.
Until the battery dies and they're calling you for it.
@@WoodUCreate It definitely is another thing to upkeep but we just tack it on with the switch of air filters in the hvac units.
Considering how cheap they are these days I can see investing in it but is it really that important? I have literally never lived in a unit with one or seen that many listed online. As far as reasons to rent I would rank this very low
@@WoodUCreate Get the mechanical kind. No batteries needed and no failures.
Great list!
Good advice, but who still has a flip phone and actually takes photos with it? (from #8 take professional photos) ;-)
Haha you'd be surprised some photos we see on the MLS!
I was told not to put washer and dryer let the tenants so they would be responsible if it burst and did damage
That's awful advice, IMO. For one thing, just get the hoses that have the braided covering on them. Those can't burst. And people need washers and dryers, so if they're not in the unit already, you're not going to get as much rent. And the quality of the tenants you get and what they pay will be a reflection of that kind of lazy outlook. Quality offerings produce quality tenants. Cheap, lazy offerings that result from not caring will bring you cheap, lazy tenants who don't care right back. Just my take on it.
Not in evry area pepole can aford paying more even of you add upgraeds
Very true! Which is why it's important to know you area and not over renovate.
Good to know so you guys motivated me to buy my own property bc I’m tired of give my money to other mf to pay his property.
Unfortunately I’m stuck in the rent trap right now with how expensive everything is. None of the houses in my area that I could afford had dishwashers. I got around that by getting a full sized portable dishwasher. I saved up $1,000 for it but you can take it with you anywhere you move and landlords can’t price gouge for “luxuries” 😂
Now, that's a clever renter! 👍
im actually adding central air to apts how much can i charge up when theres none around with it?
\
USB outlet?
They make wall outlets that have standard plugs as well as a usb outlets now. You can get them at Home Depot or another hardware store.
Super handy!
@@coreygrant5974 like a usb outlet in the wall?
Yep
@@adamdeichert1686 I need to look into that.
Because rental prices aren't high enough?
@Cristian Leal it’s a good way to watch how parasites feed off the working class with the help of their state thugs who regulate people out of their own homes. Again pray that you’re never in the middle of a revolution. Tenants will show you the same mercy you showed them.
Buy a house then.
@@mcUSA94 Yep. Seeeeeeven percent...any takers? It's not the small, independent long-term rental landlords driving the mess, is it?
So much value for FREE!!!!
Vile
lol right? such a scumbag title and video premise.
this dude mumbles like crazy lmao
Dishwasher are trouble. Unnecessary.
I'm currently renting and a dishwasher is mandatory for me. As a property owner, most tenants want a dishwasher too, and not having one will reduce your prospective tenant pool.
@@brentvance9090
In Hawaii. People don't use a dishwasher.
Renter or owner.
I'm currently living in a newly built house. It doesn't have a dishwasher.
None of my rentals have a dishwasher.
The FIRE STATION doesn't have a dishwasher.
U getting the point yet ?
Wash dishes or use paper plates.
@@barrymitchell7732 I don't think the other 49 states fits your model.
What about fun ?
Like buying someone house that u don't like.
So u can kick them out.
Thats really fun.
It’s hard to take advice from a dude with his ball cap turned around backwards that’s not very professional.
@Cool Dude - Kyle knows what he’s doing, the guy can rehab an entire house solo if he wanted too. Don’t judge, be grateful to learn. Him and his wife are very experienced and good wholesome people.
I guess that also means Mark Zuckerberg isn't worth 127 billion because he wears a hoodie, t-shirt, and jeans.
His advice is money in my pocket, thank you.
@@jmckinney90 Go through life thinking like that and you'll be getting the short end of the stick.
What a judgemental comment. Gross
You people better pray that you never see a revolution and are at the mercy of the people. Remind me to buy popcorn for your trial in accordance to do process and the subsequent death sentence to be televised while Dead Kennedys “let’s lynch the landlord plays in the background
great list!