Rental property rehab

[Giovanni Branch]

Hello BP Community, I recently purchased my first multifamily property. My question is what kind of materials for rehab should I use on property. Should I be buying more budget friendly Flooring, countertops, light fixtures etc. Or do you typically make a decision based off what the area and comparable rentals have in place?

[Dan Maciejewski]

First, what to your ideal clients / tenants want?

Next, what is your competition doing?

Third, what will last longest and be tenant-proof?

Next, what fits all that and fits your budget?

I have found that builder-grade doesn't last and isn't worth the savings.  My ideal tenants are making above the median household income for the area in Pinellas County, so I put granite counters, stainless appliances, upgraded solid wood cabinets, LED lights, etc. . .