Here in New York (City and Suburbs), a 2 bed/ 1 bath apartment is on the market for about 1 month before being rented (Median DOM = 29).The time of year is also something to be considered.

The biggest shift is deciding whether you’ll lease by the bed or by the unit, because that determines how the management agreement and leases need to be written.You’ll also want clear rules on guarantors, turnover expectations, and who’s responsible for damages.

A cosmetic rehab—new kitchen, flooring, bathroom, recessed lighting, and minor plumbing/electrical—costs me close to $30–35k for a 2-bed/1-bath apartment, and that’s considered cheap for many!

Hi @Gernide J Antoine,I’m not certain for which property you want feedback, but what caught my eye were these 2 things:-Consider adding area rugs under beds and couches -Run the listing words through Grammarly.

Beds/Baths? 

I found this deal that is a 4 bed 3 bath for $260k that I plan to clean and to rent out the other three rooms.

People know all homes have beds, kitchens, and a table to eat at.

Tenants will each bring their own bed, toilettries, etc.

Supposedly, if the tenant does something irresponsible ..say floods the apartment or smokes in bed catching the place on fire, you go after their insurance company.

It will be somewhat area dependent for example, if there are no 4 or 5 bedrooms on the rental market, adding an extra bedroom to a 3-bed house can increase the rental income, add value on the exit as well. 3.