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Updated almost 5 years ago on . Most recent reply

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3
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Benton Rochester
  • New to Real Estate
  • Lafayette, CO
0
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3
Posts

Maximize and rent and minimize vacancy between turnover

Benton Rochester
  • New to Real Estate
  • Lafayette, CO
Posted

Hey all,

Here’s a question for you, I’m spending about 10k updating a property I just purchased.

I have 6 showings this weekend but the carpets aren’t in, the blinds aren’t in, the dishwasher hasn’t arrived and the new paint isn’t on the cabinets.

I can have this done by December 20th or I can find a renter before the updates and promise them updates.


I think I could rent it for more after these updates but I don’t want to risk scrambling for a tenant between xmas and New Years.

What do I do? I could rent to the guy who wants a 6mo lease and then jack up the rate. 

I figure a full months rent at 1775 is better than 1875 a month later (something that would take 18 months to recoup).


how do you all manage updates within such a tight time frame?

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