Comments on: To Over-Do or To Under-Do? - That Is The Real Estate Investment Question http://www.biggerpockets.com/renewsblog/2008/06/17/to-do-or-to-under-do-that-is-the-investment-question/ Learn, Network, Invest Thu, 20 Nov 2008 23:52:34 +0000 http://wordpress.org/?v=2.6.1 By: St George Rentals http://www.biggerpockets.com/renewsblog/2008/06/17/to-do-or-to-under-do-that-is-the-investment-question/#comment-59614 St George Rentals Wed, 27 Aug 2008 17:33:14 +0000 http://www.biggerpockets.com/renewsblog/?p=1040#comment-59614 I would make my rentals in very good shape. I agree that making something more attractive would increase the chances of getting better tenants. I would make my rentals in very good shape. I agree that making something more attractive would increase the chances of getting better tenants.

]]> By: Peter http://www.biggerpockets.com/renewsblog/2008/06/17/to-do-or-to-under-do-that-is-the-investment-question/#comment-57765 Peter Wed, 25 Jun 2008 17:54:28 +0000 http://www.biggerpockets.com/renewsblog/?p=1040#comment-57765 I think what is more important that over-do is "over-deliver." I don't think you need to over-do on all of the fixtures, appliances, finishes, etc. as much as you need to "overdeliver." I think if you overdeliver on your rental's look, your service, your "tenant support" (a.k.a. customer support in business terms) and you'll be well off and your rentals will rent. Why? Because of one simple marketing technique that's been around for ages: "word-of-mouth" People who rent know other people who rent and the word will spread that you are the nest landloard in town. Just my 2 cents. Peter I think what is more important that over-do is “over-deliver.” I don’t think you need to over-do on all of the fixtures, appliances, finishes, etc. as much as you need to “overdeliver.”

I think if you overdeliver on your rental’s look, your service, your “tenant support” (a.k.a. customer support in business terms) and you’ll be well off and your rentals will rent. Why? Because of one simple marketing technique that’s been around for ages:

“word-of-mouth” People who rent know other people who rent and the word will spread that you are the nest landloard in town.

Just my 2 cents.

Peter

]]> By: Mike Farmer http://www.biggerpockets.com/renewsblog/2008/06/17/to-do-or-to-under-do-that-is-the-investment-question/#comment-57650 Mike Farmer Sun, 22 Jun 2008 02:09:42 +0000 http://www.biggerpockets.com/renewsblog/?p=1040#comment-57650 Thanks for the confirmation Lisa Thanks for the confirmation Lisa

]]> By: Lisa Friedman http://www.biggerpockets.com/renewsblog/2008/06/17/to-do-or-to-under-do-that-is-the-investment-question/#comment-57648 Lisa Friedman Sun, 22 Jun 2008 01:30:35 +0000 http://www.biggerpockets.com/renewsblog/?p=1040#comment-57648 I always overdo. I believe my tenants respect both me and my homes more. People want a nice place to live and to know that you respect them. I also receive generally about $100 - $150 more per month than most of my competition for the same style homes. When my tenants are ready to buy, I am sure they will remember me as their Realtor as we have such good relationships. I always overdo. I believe my tenants respect both me and my homes more. People want a nice place to live and to know that you respect them. I also receive generally about $100 - $150 more per month than most of my competition for the same style homes.

When my tenants are ready to buy, I am sure they will remember me as their Realtor as we have such good relationships.

]]> By: real estate directory http://www.biggerpockets.com/renewsblog/2008/06/17/to-do-or-to-under-do-that-is-the-investment-question/#comment-57629 real estate directory Sat, 21 Jun 2008 07:49:53 +0000 http://www.biggerpockets.com/renewsblog/?p=1040#comment-57629 This is a specialist market, of course, which demonstrates, I guess, that different rules could apply for different localities. This is a specialist market, of course, which demonstrates, I guess, that different rules could apply for different localities.

]]> By: Mike Farmer http://www.biggerpockets.com/renewsblog/2008/06/17/to-do-or-to-under-do-that-is-the-investment-question/#comment-57564 Mike Farmer Thu, 19 Jun 2008 12:13:48 +0000 http://www.biggerpockets.com/renewsblog/?p=1040#comment-57564 Thanks Athol, good practical advice. Thanks Athol, good practical advice.

]]> By: Athol Kay http://www.biggerpockets.com/renewsblog/2008/06/17/to-do-or-to-under-do-that-is-the-investment-question/#comment-57536 Athol Kay Wed, 18 Jun 2008 22:31:44 +0000 http://www.biggerpockets.com/renewsblog/?p=1040#comment-57536 Everything must be functional. All the lights need to work, the stove needs 4 burners that work instead of 3 that do and 1 that doesn't. If it's trashed - replace it. Otherwise repaint/repair. But everything hinges on the idea that you can actually rent a place out and have a functional home. If something like a fridge/stove/washer breaks in a less expensive apartment, and you have a more expensive apartment with an okay appliance. Put the the new appliance in the better apartment, and hand me down their appliance to the lesser apartment. Same $$$ but 2 happy tenants instead of just 1. Everything must be functional. All the lights need to work, the stove needs 4 burners that work instead of 3 that do and 1 that doesn’t. If it’s trashed - replace it. Otherwise repaint/repair. But everything hinges on the idea that you can actually rent a place out and have a functional home.

If something like a fridge/stove/washer breaks in a less expensive apartment, and you have a more expensive apartment with an okay appliance. Put the the new appliance in the better apartment, and hand me down their appliance to the lesser apartment. Same $$$ but 2 happy tenants instead of just 1.

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