Updated about 3 years ago on . Most recent reply
First rental property
I am buying my first rental property using my VA loan. It is a 4bd 2b, single family home. I will be renting 2 of the bedrooms out to friends (who i already live with) and plan on trying to find someone to fill the other bedroom. I plan on laying new carpet, staining cabinets and painting walls before we even get in there. Any other tips on forcing some appreciation? I eventually want to update both bathrooms, but have been told that can cost upwards of 15k.
As for roommates, i plan on using rentredi app and charging them rent+utilties all included. Anyone have any experience with the app or any other suggestions of what to use?
My goal is to get 1-2 a year. So just looking for some general land lording tips and things to be prepared for this first one, and of course any DIY tips when doing this little updates through the house, or anything else i can do.
TYIA!
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Upgrading the lighting and putting on hardware for kitchen cabinets would also be a low cost benefit!
Rentredi is good and you can also use apartments.com as well since it is free. Use to be cozy.co.
Hope this helps!