AVOID these Idiotic Mistakes of My First Rental House
Вставка
- Опубліковано 7 лют 2025
- Don't make these noob mistakes. ⚠️34% off Coupon Code 🍎BecomeMore🍎 expiring 6-24-20. Investing & Negotiating: metkevin.com/p... | Life Insurance 🦠Life: metkevin.com/l... 💰Free Stocks: metkevin.com/w... Lauren's Vlog: bit.ly/2U3sz2qb
👨🏫My story, income & net worth: metkevin.com/n...
🏦Kevin's Stock Picks 🏦 metkevin.com/i...
🦠🦠Get the Life Insurance Kevin Has in 5 Minutes: metkevin.com/l... 🦠🦠
📟📟3D Camera Kevin Uses (Save Sales Tax): metkevin.com/3...
🛍️Kevin’s Amazon Recommendations (Books, Gear, Etc.): metkevin.com/Gear
✅🗳️Learn from Kevin🗳️✅
🏡Real Estate Investing From $0 to Millionaire: metkevin.com/i...
🤵Real Estate Sales from $0 to $500k+ in Income: metkevin.com/S...
💰Money, Stocks, Wealth, & Happiness: metkevin.com/m...
🧰DIY Property Management, Rental Renovations, & Asset Protection: metkevin.com/DIY
🎥Livestreams: Every Morning 9am (when market is open). Join here: metkevin.com/live
📬 Discord📬 metkevin.com/d...
Expiring Coupon Code ending 6-26-2020: 🍎BecomeMore🍎
✅✅Links✅✅
🧬Life Insurance I Use: metkevin.com/2...
📈Free Stock with Robinhood: metkevin.com/2OdbQXR
🎁NEW Books for Entrepreneurs: metkevin.com/3...
⚙️Gear I Love: amzn.to/34FXi8D
🐦Kevin on Twitter: / realmeetkevin
🔑Password Manager: bit.ly/35lhs97
🎵Channel Music: metkevin.com/2...
🏦 Wealthfront Savings ($5k Managed Free): metkevin.com/2...
📬 Discord: metkevin.com/2...
⚠️Best way to reach is via our private livestreams in the investing & sales course. Otherwise, DM Kevin: @MeetKevin or post on Discord.
🚗All Kevin's events & courses: metkevin.com/3...
Course questions? Email Kevin@MeetKevin.com
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
❎I am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need such advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. or financial advisor. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Trademarked Slogans (no use without written permission):
⛔️Meet Kevin ®
⛔️No-Pressure Agent ®
⛔️Providing More ®
General questions? Please Instagram DM @MeetKevin OR post in the Discord, linked above.
If you have COURSE-purchase questions, email Kevin@MeetKevin.com
#RealEstate #Mistakes #MeetKevin
About to buy the investing course!!! I hope this pays off
You'll love it!
Same 😭
I've been browsing through it, there's a lot of good info there.
One of these days I'll start at the beginning and go thru the whole thing.
So what do you think about the course
jfish147 how much was the course?
You cant kick yourself too much for the "noob" mistakes. When you dont have any money, or very little money to spend, you do what you can to get the unit rented.
So true
I’m in the same boat but I watch movies like this so I can prevent these mistakes when I go to buy my first rental.
100%
Just work in the trades. It makes it so much easier.
@@TheMarkoPoloProgram i do work "in the trades" im a handyman/carpenter. Its the best way to invest in realestate in my opinion because you can fix and do all the work yourself.
This guy sounds like sarcastic gamer doing real estate.. I absolutely love it.
I make over 10 000 USD each month thanks to FRO ZEN PA.C OM
I like how you’re not afraid to criticize your own work, most people have too big of an ego to admit they could have done something different or had to cut corners to reduce cost
2:34 is such a great pro tip (glazing the bathtub). That saves a ton of money and time plus it looks like new. I had my client do that for their white under-mounted kitchen sink for just $200 rather than tearing it out, buying a new sink and installing new countertops ($$$).
I've been using that flooring for a while. It has a paper fiber core, which means that it can swell with moisture. That problem is all but eliminated by giving it a couple of layers of Mop & Glo or something similar right after being laid down. The wax soaks into the ends and seals them, so even if tenants don't keep up the wax the floor is still significantly moisture resistant. It really stands the test of time and looks great.
Except very enthusiastic approach and humor, I am blown away for your honesty - your openness to publicly confess mistakes and good will to share the lessons you learned with all of us. Thank you. All the best!
That’s what makes Kevin so awesome
Prolly one of my favorite videos, the fact that things didn't worry him makes me feel more comfortable seeing those small problems in the future. Buying your first investment property is stressful, if something's wrong people will complain and problems start. If its your house you just live in it till you fix it no problem
Vinyl wrapping is an insanely good takeaway from this video. The kitchen is the most important part of any house, and making it look so much better at such a cheap price is great ROI!
No Kevin, you DON’T paint brick. Unless you want brick that won’t dry after it rains, which eventually turns your bricks and mortar to mush and you get to replace the entire mess. Bricks need air contact to dry and breathe. Former home inspector here.
Wow this is really interesting. I didn't know that. Why do they paint outdoor brick on so many homes on HGTV? I'll never buy a painted brick house knowing this!
On top of these very utilitarian reasons, painting brick is just an architectural crime. You want materials to speak for themselves and not pretend to be something they're not, and painting brick is doing just the opposite. Brick is brick. It's not green or black or any paint color, it's the color of the clay that it's sourced from.
does that really make a difference if you only paint the inside of the house side of the brick?
@@Meyer_Nick Probably not, the reason he is citing not to paint has to do with the fact that brick in modern brick veneer construction acts as a somewhat porous, moisture-wicking hard barrier that protects the wall assembly from sun and flying debris, it's main job isn't keeping water out of the building, there's a moisture barrier and an air gap behind the wythe of brick that does that job. I can see painting the exterior getting in the way of moisture evaporating out of the air gap behind the brick, but if you're painting the inside of a brick fire place for instance, it wouldn't have any negative effects. It might in fact be helpful in the same manner that people seal the inside of their basement walls with a liquid applied vapor barrier.
@@GJ_DM thanks for the thorough response i appreciate it!
The tv cable coming out of the closet serves a purpose owner deciding where to have the cable. You have to stretch it through the attic and the wall, which is not ideal but it offers flexibility with location.
I dont have your course, but currently in contract for our second property, your videos give me SOOO much info on how to do this second property better. I saved a ton doing some of your pro moves on my last unit remodel. Thanks!
Then Imagine what a $300 investment could make you 🤪
14:40 - Chimney caps also prevent animals from entering the chimney, and potentially, the home. I've had birds get trapped in chimneys a couple times.
Always enjoy these walk-thrus and bits of knowledge! Thx Kev!
RAM Real Estate Investing it is helpful to see it more tangible rather than just a concept
At one point I couldn’t distinguish between kevin’s sass and real advice LOL
That was most of the video for me😂
@@johnjoyce6595 Same lol
Or misrepresentations.
Great video Kevin, I really enjoy these types of videos. Love your idea about framing those old big frameless mirrors with baseboard. I just bought a house that I'm currently remodeling and it has those exact mirrors. So I think that's going to be the perfect solution!
Nice!! Congrats!!
The Out of State Investor he does have good ideas. As I begin to get into real estate investment it’s really good that I’m a full-time Carpenter
Agree on Vinyl planking ,I gave up on tile showers they never keep it clean ,buy a upper end kit for the shower walls and floor .Don't buy gas stoves use electrical ,I install left over granite buy super cheap .Install gutters that way the water will not wrap around the wood causing rot .
Taking down notes... just bought my first investment property. Hopefully we can avoid these mistakes!
This man is facing all my nightmares head on. Taking care of stuff, especially a home takes A LOT OF TIME, ATTENTION TO DETAIL, AND EFFORT, not to mention MONEY. No idea how a normal person would be able to do all of this unless this they were in the real estate industry somehow or just had a lot money to throw around to get all the shit work done. Thank you for sharing.
That roof is a train wreck disaster!!! My landlord did the same thing and waited and when it started to leak, it flooded my room and everything was destroyed. Can you say MOLD!! and much more repairs and cost. I would do it sooner, then later, it would be cheaper now, in 5-10 years it will cost more.
I think many of his tenants watch his channel and they just hop in to better landlords
@@conexos2007 Well the more you make, the more you spend, and then your not as frugal and as careful, if you had no money, you will penny pinch more, your more careful. Buying crappy things are cheaper, but not fixing crappy things can cost more if things break down,
Ebb tide, the universes way to balance things out.
it basically means, You get what you pay for! cutting corners will cost more in the long run.
Glazing sounds like the way to go. I started in this field with sweat equity as well. Glad that is the past now.
Gotta love that sweat equity!
How was your experience, I’m just start
I love how you fit Runescape to make this enjoyable for others that are having a hard time grasping the concept. Intuitive!!
This video really help me decide that rental investment property is not for me. That possible termite problem looks like a nightmare. So many other little details that need address , and me being so particular about everything, it would be a nightmare for me.
Amazing points! also It's a REALLY noob mistake if you start throwing carpet in the bathrooms.
Kevin: Puts luxury vinyl plank over lawn
Does it come in green??
I'm paying attention to some of those brands you mention; that will be great for price/type comparisons, etc. Got to deal with some plumbing issues in this 70's-or-so condo. That whole bath/shower diverter/tub-stopper ensemble needs to be replaced, so that means that wall tile/drywall?, will need doing also. If I was a renter I wouldn't have to even think about all this etc., etc. - Wa-ah, wa-ah! Thanks for all you do; you really do help with your videos and information!
Hey Kevin . Quick tip. I am a chimney professional in Tennessee. You stated that you put a cap on the flue to prevent water, but all of those cracks in the mortar between the bricks on the chimney will leak like no ones business. Have a mason do some various tuck pointing on it
LOL you get me with the RuneScape references XD
Runescape Real Estate investing made simple!
Damn near makes me wanna start up a new account, lvl up and do some good old barrows.
Josh AQBUMP oh man I could go for a run right now! I was like 6 quests away from a quest cape when I quit too 😭
I loved classic. Takes me back to high school
bro ik xD i saw that barrows set and i got flashbacks to my bot farming days.
Replace that roof before you end up fixing the leak damage AND replacing the roof.
Don't ask how I know this.
do tell! How much damage did your roof cause?
@@MeetKevin Dunno yet, the roofers in my area are all booked solid for 4-6months. (Thanks Nor Cal fires)
So far...flooring & sub-flooring will need to be replaced (please god, not the joists).
The water got between the wall & the paint, so mold. As soon as I closed on the house, I used a box cutter to cut 60 years worth of paint away so I could see the damage and keep it aired out so it doesn't get worse.
The top of the mold wall may have damage to the top sill.
I knew this ahead of time as it had been leaking for quite a while, no one has been able to locate the actual source of the leak.
The house was built in 1959 and will be awesome when I finish it. If I could only get started...
And yes, I got a smoking deal on it.
Replace the roof while you can.
Kevin, thank you for keeping me motivated! Love your humor! Blessings!
Here’s another tip guys. When you do a property inspection. Make sure to check the air filter on the ac unit. Tenants most likely will not change them and this could be very costly later on.
Good point about carpets. Carpets are much dirtier than people think, it's a mistake and good call, Kevin.
The problem with solid doorstops is that unless they are out of the traffic flow, they will get kicked and break out the baseboard. The same thing happens if it's not exactly straight, and someone leans on the door. I'd rather replace the doorstop than fix the baseboard.
Hey Kevin,
I absolutely love your videos. I just started watching them a few weeks ago and I am hooked. A buddy of mine introduced me your stock market videos but I eventually stumbled upon your real estate videos. I would of rather spent 4 years learning from you instead of 4 years in college.
I wanted to reach out and offer my services to you. If you ever need anything roof or deck/patio related I’m just a message away. I’m currently 25 and own a roofing company here in Southern California and it would be an honor to serve you.
Keep killing it man. Thanks for paving the way for young enthusiastic entrepreneurs.
Also,.... RUNESCAPE
They still make those retro sprinklers? In the early 1970s, those were something kids splashed in on hot summer days! BTW, always enjoyable and high-value presentations. Love the goofy humor too. Thanks Ventura Man!
im still a simple man, i see an rs reference, i like the video.
Same
Wonder what his total level is.
Sprinklers are a great idea, I've installed them in all the houses I own. Plus, if they don't water, there goes your lawn and plants
Great advice except for mini-blinds. Tenants seem to have a built in radar for mini-blinds and either remove them or destroy them. Your tenants will water the grass??????? I can't get mine to clean the damn toilet much less water the grass.
Well he said he wished he HADN'T used the mini blinds.
@@Bozogumps Oh ok
@@jayc4715 'tis true!!!
@@jayc4715 Me either!
I like how you are always walking around!
Have been slowly making videos for 2+ years now and your work just keeps me motivated! Keep it up K, great content
Love your enthusiasm and energy! Thanks for sharing!!
Great value as always Kevin. The GOAT
Thank you for sharing. A smart man learns from his mistakes. A wise one learns from the mistakes of others. - Unknown
Thanks for being transparent and sharing your mistakes
humility definitely allows for a boost in reputation and wisdom, thank you for sharing!!
THANKS FOR WATCHING!
WE REALLY APPRECIATE YOUR COMMENT!
FOR FURTHER GUIDANCE KINDLY::TEXT ME +.1.3.3.0.4.0.6.9.2.4.2.
I'm curious what he would have went with, instead of "mini blinds"... cause he said "Oh this looks cheap" but then didn't offer a good alternative?
Besides that, it was a good video. Informative. Especially the "Surge protector" for the furnace, you wouldn't want something like
that kicking the can.. that had to be a high cost item...
Curtains
6:45 I agree you should have vinyl wrapped the bathroom counter top but the kitchen one will be used to prepare food. A knife or other sharp object would damage and expose the vinyl and the tenant would have to peel it off.
7:40 this is basic stuff they teach in designing at surveyor school.
Do everything based on 60x60cm blocks and add 1 cm to both ends.
Way better then the old way of specific designed furniture
I think when stainless steel goes, it will go quick and fall hard. Something similar happened with golden oak, it was used heavily for 15 years, then about 2003, everyone hated it.
Kevin I work at owens Corning making those shingles. Those things have lost all granules (rock) and the asphalt to to the point it's down to the fiberglass matt.. that roof is beyond cooked that's why it's so spongy, it is leaking lol
Yes, in the paperwork for this house, they stated it needed a new roof.
cool thing about lvp: It barely expands/contracts, so you can usually install it as one section on the whole main floor/basement.
Recently I got into the youtube financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. Tried several methods trying to figure out the best approach to building my portfolio. So far, I’m making progress with the help of my financial advisor. Back to the video, wonderful job there, always look forward to your next content.
It’s almost the same situation here. The difference is that I got off early enough to know that financial planning would help me go a long way. I’m in my 60’s and reaping off my hardwork.
@Bianca Bojoü agreed
Runescape!
Surprised to see you here lol
He gets notified on anything to do with RuneScape lol
XD
Heyyyyy OSRS youtuber!
Meet Kevin is my 2021 🦸♂️
Loving the RuneScape references. After watching a ton of your videos, I am learning that you and I are very much alike. Pretty good to have a real estate role model. Even if I lve never met you. Thanks for the videos!
Looooooove the knowledge Kevo. Man.... I gotta hurry tf uuuup. Keep up the good work dude
Its actually better to redo the roof now than wait til later and end up paying more 5 years from now with inflation. It would increase the value as well if there was a opportunity to sell in 5 years for a big profit to make room for 2 new properties at a huge wedge deals. Putting neccessary things off like a roof..youre just costing yourself more in the future
Don't forget paying for any mold-related damage caused by trying to stretch the old roof out Just One More Year.
Purchasing your personal finance course on tuesday. 👊 I'm excited.
@@lostintime8651 thanks man, have a great day :)
Im from another country, but as a landlord, I made the same mistakes.. This video is very useful for everyone, everywhere.. Not just for EUA.. Thanks!
Kevin, What would you recommend instead of mini-blinds? wooden blinds/vertical/Velux? Video idea: can you do a home-depot series or something, telling us what paints/fixtures you recommend?
They have several videos with his wife together at Home Depot recommending different fixtures. Dig around his channel and you should find them.
Door stop, the spring one versus the rigid one... Yeah I thought it was a pro move to do the rigid one as well except that the rigid ones get stepped on and bust out the base board that it's screwed into.
So I think the springy one's are better, if someone steps on them they don't tear up the base boards.
This video had me laughing the entire time, it didn't feel like the usual boring classes that most people have. Learned alot while enjoying the comedy. The video was like the no cover on the electrical box while power washing, it will was a shock. Thanks
Closing on my first house Monday. Plan on house hacking and turning it to a rental in a year or two!
Nice work Mike!
MPF 💚 Make sure you lay down the boundaries with whomever you are house hacking with to avoid dealing with hassles later.
I think a multi-unit property is better for house hacking because you have your own little place as opposed to sharing a house where you have to see each other frequently and have to share common areas.
I can't house hack ❌ I need my space and I like my privacy.
Mike's Personal Finance thts awesome to hear i wish to be able to do this in California soon...
No Tet rov bpa
Gotta admit! I almost clicked away during the 1st few seconds but I'm glad I watched the video in its entirety. Very informative and entertaining video!
Kevin: Not gonna replace this clearly problematic roof until it starts leaking!
The rotten roof boards:
Warning: Don't use ceiling fans on plaster ceilings. The vibration will loosen them up and they come crashing down. BOOM!
Good to know!
OMG 😱 I was about to do just that
thanks for the tip!
That’s nothing. Wait till the roof falls down on the tenant 14:54
A ceiling fan should be secured to the joists. Not the ceiling.
Thanks Kevin for posting everyday. I've been watching regularly since your BP episode. I love your content!
Thank you!!
A lot of knowledge in these videos, im about to tell my cousins some of the tips for their airbnb and in the future implement these on my own. Thanks for the content if i was ever to buy a course in the future (right now im 18) but if i wanted to buy a course id get yours for sure, very knowledgeable guy ! keep it up
Looks like the roof hasn't been replaced for 20 years.
man sometimes I just wanna binge runescape for a weekend for the nostalgia of it. Then I remember I have a wife and kid.
lma0o0o - come pk for an hour every now and then, or PVM whichever. Cant believe kevin added the rs graphic lmao. Pog
Man I love Kevin just for putting or allowing the editor to put Runescape figurines. ahahaha
You can use 2 slim rolling racks on the sides of the oven.but maybe the top tray has to be some solid piece of stainless steal or wood atleast for oil pops while cooking. I got mine from Walmart for like $25 for side of fridge.
Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..5️⃣..3️⃣..1️⃣..3️⃣..3️⃣..3️⃣..2️⃣..5️⃣..6️⃣..8️⃣..✉️ ✉️ ✉️
I’m a flooring installer in England and LVT is very popular. I couldn’t recommended better flooring.
Wow ben Affleck. To be nooby with your first property
Now you are passing all that wisdom to all of us. Thanks
THANKS FOR WATCHING!
WE REALLY APPRECIATE YOUR COMMENT!
FOR FURTHER GUIDANCE KINDLY::TEXT ME +.1.3.3.0.4.0.6.9.2.4.2.
@meetkevin
@4:40 you mention to get the solid metal door stops, not the springs. I disagree. When someone accident stepped on a solid door stop at my house, it immediately broke the baseboard that it was attached to. Our fix was to get a longer screw, and screw on a spring door stop into the same hole so we don’t have to change the base. But never again will we be installing solid door stops.
If you are walking a roof you should never step in a valley. There is a chance the felt underneath could be stretched and torn if you step in the valley.
good point! Thank you!
Really good to know! love your real estate vids! Thank you Kevin!!
The tenants should pay if they want soft water or not for the water the electricity and all of the other utilities.
Santa Clarita has banned the water softeners that you by yourself because something about the runoff is bad for the sewage system
yo with the formica counter tops you can get paint to redo it at home depot for like 15-35$. turns out really really good and lasts a long time (its in my rentals currently).
its amazing how much difference the real estate value is in you area compared my area in north east PA $490,000 here can buy you a brand new 3,800 square ft mini mansion if not more
Dude, your ad placement is impeccable.
You're awesome Kevin! Great Videos as always!! Happy New Year Pal
Please post more videos like this. This is great for investors like me
I don't always admire my Craftsman skills, but when I do, Nailed It
I love the consistent LVT. I would have loved to have a different tile (more into the light colors) for the bathroom floor since it's a more hygienic approach. But I get the problem that you had regarding matching the beige tiles in the shower. Anyways good investments everywhere GJ.
Great informational video. Surprisingly didn't seem gimmicky or salesy at all 👍👍
The large tub tile would look less dated if you had gone a step above and had a decorative 'inset' separating the top from the bottom. My biggest peeve with the subway tile look is that much more grout and that grout becomes a harbinger for mold to grow.
With that said, I doubt a tenant would even notice it. Unless of course there was *mold* growing in the grout that is.
that's crazy. I can't believe those California home prices. I bought a 4000sq ft home, 4 bedrooms, 1 nanny room, kitchen, upper entertainment room, big living room, small living room in the entrance to the home, dining room separated from the kitchen, balcony in bedroom, on a cliff, so no neighbours in the back, a view of nothing but trees, good neighbourhood, good schools, for $300k. the home was less than 2 years old. Texas is the place to be if you are looking to get more out of your money.
Very Nice points, Kevin, subscribed, thank you for the lessons
The reason the roof felt like a spring board is because you were standing in the valley where there is metal... shimmying like that around 15:00 is a great way to create leaks fyi
So that was a roofer - he was playin me then 🤯
very nice video and some very useful advice too! Thank you for that. Just one question.You owe a Tesla, you have a rental income but you can't afford to replace a roof with 11.000? You prefer to replace it when it starts leaking? You never know what your situation will be at the time,you might loose a tenant, water leaks might cause further damage in the house .If it needs fixing,it needs fixing my friend.That applies as a general rule, I'm not trying to tell you what to do
The Edits in this episode were so great, lol. Thank you Kevin!
2 minutes in, I actually really like the beige tiling, it still looks quite modern and with age should still look alright. Glazed white Subway tiles always feel icky to me. The look works in kitchen backsplashes, but I'm not a fan in the bathroom.
Thank you I completely agree and actually stopped the video at this point. That beige tile looks premium but he’s rather replace it with boring basic white mental institution tile
I find leaks in the roof long before there is any visible damage. Usually it soaks into the insulation and then evaporates before it soaks through the drywall. Not recommended though. A roof now days when done right will last 50 years.
abacab87 em and flashing. It has to be done correctly
This type of video is the best. Keep this content coming.
Surge "surpressors" gave evolved since this video, I think. You just have to turn off the panel main switch and install it on the first breaker position
you did an absolutely fantastic job! thanks for teaching!
The beige tile is beautiful. But also subway tile wasn’t popularized until like 2014 and it will go out of stile within 10 years aswell. You should Always design for the current year not the unpredictable future
In Ventura, your not required to have some kind of cooling system? I believe in Orange County you are require to have both heating and cooling, but the cooling can be in the form of ceiling fans. I could be wrong, but I believe that's the case here.
just by the little I see on that roof. it's dead, jim. It needs to be replaced!
Yes some of those joists need to be replaced. Also the valley on the top of the roof is not done properly, there is most likely lots more water damage.
i love how im grinding on OSRS while studying for the real estate test while casually watching youtube videos and i end on this one XD