Honestly if you can afford it i would invest in electric, Ive been a realtor for about 3 years now and my biggest expense at first was gas to travel all over my area, quickly i started thinking of better ways about it and i bought a used Chevy Volt for 14k which is electric with gas extender if needed. it had 38k when i bought it almost 3 years ago, now it has 141k, so in 3 years i put over 100k miles on it and about 90% of that was all electric, because i took extra steps and invested in a faster charger so i could have it fully charged between appointments, and i purchased 2 solar panels and a grid tied inverter that offset my electric bill back down below what it was prior to using electric to charge the car.

Saves me from carrying around the entire hand tool arsenal.My Charger/Radio/Outlet.

.- Just a heads up on Venmo, I was told I couldn't use them to charge rent (or any other business to consumer application)  see this link:https://help.venmo.com/hc/en-us/articles/210413987...Also, even if you are able to use them, they have a weekly limit on the amount you are allowed to transfer from their system to your bank ($1000, then $2999 once verified), and also an initial limit of what your tenants are able to transfer to you ($300/weekly which I think they can increase)- neither of those limits would have worked for our business.

The Cap Ex costs consist of site preparation (location for charger(s), spaces, signage, running power cables, etc.), electric vehicle supply equipment (EVSE) costs (physical charger hardware, etc.), equipment for usage monitoring/billing, permits, etc.

They are also more likely to intentionally charge rent below market with the  misconception that tenants will stay longer.

Property is located at the southern edge of the "Cathedral Area" of Joliet, IL, which is considered to be one of the more desirable areas of town.My goal: To provide a quality rental that sits one tier below the highest rent chargers, hitting the sweet spot between cost and return for a B- neighborhood.

Do you charge rent per sq foot and charge them for their "build out" separate?

Rik, There are great ways to add value to a unit that will lead to higher rents, external storage for an additional monthly charge or not including appliances as part of the rent and rent them for a monthly charge, really being creative with your investments and letting people ala carte their individual rental experience.

Culver City, and Inglewood are the two dark shades on this map that standout to me - Culver City has more young professionals than ever, and Inglewood is getting the new stadium for the Chargers/Rams.

Bathroom will have corner entry shower insert, and a sizeable single sink vanity.2 zone mini splits will handle HVACElectrical will need to be redone 100amp wont cover both and due to the EV charger in garage, electrician says it will be pushing it with split 200 amp panels, possibly necessitating a split 400 amp service.