Agree with @James Wise except for the paint color. Grey is hideous! Use a nice off white like antique white or something a bit whiter. Classic and goes with everything :)
This is a classic mistake I see a lot of investors make. You are letting your personal color preference get in the way of your business. You personally think Gray is hideous however it is statistically the most popular color in the United States. This data comes directly from Sherwin Williams. Statistically speaking it appeals to more potential tenants than any other color would even if you personally like the other color more. Your own home is where you want to use colors you like. Your rental homes are where you need to use colors that the highest majority of the population likes.
Sure but the condition may dictate the quality of the tenant. I do not paint for tenants but I make sure everything is clean and functioning. Tenants that ask for a lot before moving in may turn out to be a constant source of aggravation.
Often, prospective tenants will come and request a certain demand.
- “ Well, can you paint this a different color “
- “ Well, what about the outside, will you update the gardens? “
- what about the dust? Seems dusty everywhere!
Can you advertise a rental unit as being rented as IS? Meaning take it or leave it haha
Most every unit most landlord's advertise for rent is rented As-Is. Now it's important to note that this doesn't mean you put it on the market without doing the proper rent ready renovations to get it marketable to quality tenants. What this means is you present it to the market in it's As-Is rent ready condition. Any requests for changes should be denied. You do not need to customize your rental units for the tenants. A good tip is to use colors that appeal to a broad audience. For example agreeable gray is the most popular interior color in the United States. Paint your units that color, nothing else.
Agree with @James Wise except for the paint color. Grey is hideous! Use a nice off white like antique white or something a bit whiter. Classic and goes with everything :)
Agree with @James Wise except for the paint color. Grey is hideous! Use a nice off white like antique white or something a bit whiter. Classic and goes with everything :)
This is a classic mistake I see a lot of investors make. You are letting your personal color preference get in the way of your business. You personally think Gray is hideous however it is statistically the most popular color in the United States. This data comes directly from Sherwin Williams. Statistically speaking it appeals to more potential tenants than any other color would even if you personally like the other color more. Your own home is where you want to use colors you like. Your rental homes are where you need to use colors that the highest majority of the population likes.
Do you do cleanings before you start showing the home?
I feel like it’s so tedious to do haha
Is a dirty home something you think quality people will be excited to move into? You here to learn how to run an actual rental business or we just making jokes?
@James Wise just because something is popular does not make it “right” people follow the leader most of the time.
Using the most popular color means you will need to repaint as soon as it goes out of style. Therefore I use nuetral colors that works with all interior choices and my tenants are grateful :)
Do you do cleanings before you start showing the home?
I feel like it’s so tedious to do haha
Cleaning is one of the most important tasks! First nobody wants to rent a dump, second if the unit is spotless and in good repair upon movein it is easy to know what the tenant is responsible for upon move out.
But i am a clean freak and clean my flips myself to ensure they are spotless. The cool thing is I can charge more rent and fil my units faster than the competition too :)
@James Wise just because something is popular does not make it “right” people follow the leader most of the time.
Using the most popular color means you will need to repaint as soon as it goes out of style. Therefore I use nuetral colors that works with all interior choices and my tenants are grateful :)
Never a good idea to ignore the demands of the market.
I guess I should be more clear in my comments. I think that PMs and landlords follow the leader and by the time a color has saturated the market it is long done as popular.
Anyway, i dont follow the leader, never have ;). And i never have a problem filling my (admittedly small) rental portfolio.
So go ahead and keep using that lovely grey :) makes my job easier!
@Charlie Moore we do a very thorough cleaning between tenants we caulk and paint as needed with an off white /gray paint. Haha. Anything that needs attention gets it. New tenants hate previous tenants dirt or smell.
It is tedious, we self manage, and neither my wife nor I do any of it! Our handy woman handles it all much better than we ever would.
Agree with @James Wise except for the paint color. Grey is hideous! Use a nice off white like antique white or something a bit whiter. Classic and goes with everything :)
Agreeable Gray has a nice soft tone to it and when my friend paints high end houses 8 of 10 customers want the agreeable gray.
Cleaning, painting, annual checkups and maintenance are all mandatory! It's an investment to you, treat it like one. It's a home to your renters, so if it's sub-par, they aren't going to treat it any better than the way they find it on move in day.
@Charlie Moore Cleaning is so tedious to do? The presentation of your rental dictates what type of tenant you will be getting. Hire someone to clean the property and be sure to write up a good punch list on each turnover. It might sound minor, but this will make a huge difference in the long run.
@Charlie Moore I want my C class homes to stand out among all the others so I can get THE best possible tenants. Just because it is C class does not mean you don’t make the necessary repairs and present the house well. Tenants need to know exactly what my expectations are and the best way to communicate that is how you present your property to them.
@Charlie Moore As others have mentioned, you get what you put out. If you don't feel it necessary to clean or maintain the property, you will attract sub optimal tenants. It's your choice, dude. Oh, and if you don't keep the property up, you'll have higher rates of turnover. It's a very vicious cycle...
I don’t clean the units for turnover in my c class. Properties I have more useful things to do and I’m not paying a cleaning company
How do you structure such an arrangement and get decent people to rent your stuff you might ask . I advertise it as being under construction and almost complete meaning there’s finishing touches that need done before it’s ready . Then I just show and tell the candidates it’s not finished and will need cleaned still so have an open mind .
If they like it but insist I clean it I make a negotiated deal with them to clean it themselves for a slight reduction. In the security deposit or a few days rent free or a cheap cash offer . It gets them in there quicker they like saving on the “ down payment” to get in and they can clean it to their standards !
My benefits are obvious I’m not wasting my time I’m not scrubbing carpets walls or cleaning toilets ! I get it rented faster , I took only a marginal hit ( not really) and no tenant calls or grief about it not being clean enough for the move in
It's not the end of the world for a tenant to ask for a reasonable request, especially if there is an actual problem or something that is damaged. Jacuzzi? No. Want to paint? That's reasonable.
We did get a tenant last week who requested to finish the basement...yeah, no buddy.