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Updated about 4 years ago on . Most recent reply

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Sacha Allen
  • Investor
  • San Diego
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27
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Bringing value to a rental property

Sacha Allen
  • Investor
  • San Diego
Posted

Hi everyone!  So I've read quite a few books from David Greene (as most of you know, his books are amazing by the way).  One of the things I always hear him talk about is bringing value.  So my question is:  Other than the obvious, such as remodeling kitchens and bathrooms.  What are your thoughts on windows.  One of my properties has old windows and I want to get them all replaced.  Does anyone have any experience with this and does it bring a good amount of value to the home?  All help is appreciated!

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,602
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

There are things you have to do, things you should do, and then things that make you money in rent and cause you fewer headaches. Here is a short list of some of my favorite upgrades on multis to keep tenants happy and get fewer phone calls.

- WiFi

- assigned parking spaces, numbered

- separate laundry or a laundry schedule for tenants

- separated backyard area if you have it, equal space for all tenants

- cleaning service at least every quarter, sounds like a benefit to the tenant, but it's also a spy for you

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Zen and the Art of Real Estate Investing
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