I would recommend you change the ad though:
"$800/Month, (first & last month to move in)"
When they give you notice they won't pay the last month and you have no security deposit. Better to take $800/month for first month and $900 security deposit.
It was terrible condition, had to take it down to the studs, redo electrical, anything of value had been stolen. But, i did it all myself which saved a lot of money, and the fact that it took longer I was able to wait for some really good deals on materials/appliances/etc to come along.
It was terrible condition, had to take it down to the studs, redo electrical, anything of value had been stolen. But, i did it all myself which saved a lot of money, and the fact that it took longer I was able to wait for some really good deals on materials/appliances/etc to come along.
By doing it yourself, do you believe you saved $10,000 or more?
Nice work Eric. Definitely post some before pictures so we can understand how much time and effort you put into it. Congrats and good luck with the rental!
By doing it yourself, do you believe you saved $10,000 or more?
Oh, easily.. I enjoyed doing it most of the time there was a few times where I felt overwhelmed by something but, I may hire sub's in the future. Definitively a faster method :)
Thanks James, yeah I will look for them, think they are on a hard drive backup somewhere.
I would recommend you change the ad though:
"$800/Month, (first & last month to move in)"
When they give you notice they won't pay the last month and you have no security deposit. Better to take $800/month for first month and $900 security deposit.
Brian, I made good friends with the neighbors who watched it for me. I also put no trespassing signs and motion lights. Had 0 incidents. Maybe I was just lucky but it worked. I had a lot go my way thankfully.
Wow!! I would be putting a 4sale sign on that one. That is an incredible rehab for $8500.
I think I have done my last one "myself". I am 8 months into my current one. I expect to make around $20k to $25k once it sells. I sure have missed a lot of fishing this year. I figure I could be hiring this stuff out and clearing that much on 2 or 3 of them in the same amount of time.
Don
Looks great! Another potential liability issue and likely code violation: The pickets on the deck are spaced too far apart. with 4 steps, you need handrails. A 4" ball should not be able to pass through any space in the handrails (pickets, bottom rail clearance etc). Maybe just add one in the middle everywhere?
Looks great! Another potential liability issue and likely code violation: The pickets on the deck are spaced too far apart. with 4 steps, you need handrails. A 4" ball should not be able to pass through any space in the handrails (pickets, bottom rail clearance etc). Maybe just add one in the middle everywhere?
Yeah, I had someone else also mention that to me, I will add a picket between. Thanks though, good eye.