Vinyl instead of carpet in 2nd floor

[Kareem Ghuneim]

Hey guys. I just took over a 16-unit apartment complex a few months ago, and rehab is going well. My plan for this property is to increase NOI so I can refinance over the next couple of years. So I am really trying to cut maintenance expenses.

We have a vacancy on the second floor that has some old carpet that needs to be tossed. Instead of replacing it with more carpet which could be costly during turnover, I am putting in some luxury vinyl planks instead. From what I understand, noise might be an issue, but my rationale was it would be more beneficial to save $ during turnover because of the vinyl instead of worrying about noise and carpet. Although, I am keeping the carpet in the upstairs bedrooms.

Thanks for taking the time reading and responding! What are your thoughts?