Тёмный

STUPID Mistakes ALL Homeowners Make -- DON'T DO THIS! 

Meet Kevin
Подписаться 2 млн
Просмотров 356 тыс.
50% 1

Опубликовано:

 

6 сен 2024

Поделиться:

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист
Посмотреть позже
Комментарии : 791   
@Montu4g63
@Montu4g63 5 лет назад
So what your saying is Pro's marry a property manager.
@willn8664
@willn8664 5 лет назад
And hit their sweet spot....
@carloscash2580
@carloscash2580 5 лет назад
He's soooooo hot
@JasonWalter1
@JasonWalter1 4 года назад
Montu4g63 and a supportive partner too 😊
@CommandoMaster
@CommandoMaster 4 года назад
Her sweet spot must be glorious!
@brianamills6440
@brianamills6440 3 года назад
Basically...
@steffie6510
@steffie6510 4 года назад
As a rehabber of almost 40 years and a Stager of 30 years, I call the upgraded light fixtures, ceiling fans and cabinet pulls, the jewelry for the house!! Let me explain, every woman knows walking out the door the most important part of your outfit is the shiny jewelry :-) it complements the house so beautifully and it's the thing the woman always recognizes first. Please please if you do nothing else add another $30 per light fixture in the main areas including the hallways! You have no idea how much faster your house will rent before the others :-) that's also how you're going to get top rent. I also do that in my airbnb's :-) have a great day
@8dodger7
@8dodger7 3 года назад
order Led pot lights on Amazon. 100$ / box for 10 pieces. Easy to install and fit anywhere , even directly over a joist.
@davepugh898
@davepugh898 5 лет назад
As a property manager of 200 units, she's absolutely correct on pretty much everything.
@556andy
@556andy 3 года назад
Wow im 18 years old and i want to become a real state investor and still don’t know where to start can you please give me advice and guide me?
@cantaimcj
@cantaimcj 11 месяцев назад
@@556andybuy a house
@debborton1228
@debborton1228 6 месяцев назад
Your a slumlord 👍
@L-M-O-1
@L-M-O-1 4 года назад
The difference between landlord & slumlord- •Landlords offer you the basics (including fridges) & keep your rental functioning properly & does proper upkeep of the buildings & systems & handle problems as soon as possible. They will also upgrade materials as needed to ensure the problems don't continue to reoccur if the inferiority of the materials initially used was a problem. •Slumlords will cut some incredible corners, used faulty, inferior material that doesn't stand up to regular wear & tear, will hire cheap, unlicensed labor to do repairs & use systems that aren't up to the task they were bought for such as using a water heater suitable for a quadruplex in a 25-unit building & they will wait until the city sends them a violation from inspection before they do replace it with an equally inferior duplicate because that will cost them less money in the long run
@lukazupie7220
@lukazupie7220 3 года назад
So a million dollar house that has no fridge is slum.. got it thanks!:)
@DeusExAstra
@DeusExAstra 5 лет назад
In the Bay Area apartments come with refrigerators. it's insane to not have one. Who's buying and carrying a fridge from rental to rental? That's just ridiculous.
@corky8490
@corky8490 4 года назад
On the East Coast refrigerators are included! I've never heard of that...
@L-M-O-1
@L-M-O-1 4 года назад
@@corky8490 exactly! It's actually a legal requirement in most if not all cases
@thebrandedmama8704
@thebrandedmama8704 4 года назад
Most HOUSES not apartments require you to get your own refrigerator. People tend to rent the same house for a longer time than apartment dwellers rent.
@vijo461
@vijo461 4 года назад
Every area is different; some areas require refrigerator and stove some don't. It just depends on the area.
@NO50D1
@NO50D1 4 года назад
I've spent a lot of money on my appliances, when I move they come with me.. Edit: I just want someone else's shit in my space, and I don't care for basic appliances.
@mrguaranteed
@mrguaranteed 5 лет назад
She needs her channel she’s amazing bro! She knows her stuff!!!
@RioTheHitman
@RioTheHitman 5 лет назад
You should have her on your channel more shes really on point
@lm1534my
@lm1534my 5 лет назад
True
@EnjoyedSkillet
@EnjoyedSkillet 5 лет назад
Agreed!
@JasonWalter1
@JasonWalter1 4 года назад
I agree! She’s a great edition. I wonder if my wife would want to be in one of my future RU-vid real estate videos.
@born2bmensch61
@born2bmensch61 4 года назад
Lauren is wonderful. They really work well together. (Kevin, I hope you know how blessed you are 🙏🏼) -Duke 🇺🇸🇿🇦
@Vid_Master
@Vid_Master 4 года назад
I agree she really explains everything in a way that everyone can understand. As does Kevin! The only problem is that Lauren doesn't have 99 Construction on RuneScape, and she doesn't have all of Cortana's lines in Halo 1 memorized, which are both extremely important for real estate investment and contracting work.
@siminitchi
@siminitchi 5 лет назад
She definitely is a smart property manager. You are lucky 🙃
@kkp4297
@kkp4297 5 лет назад
That $1.68 vinyl plank isn't slumlord because of the color (they have other colors available online) It's slumlord because that shit is made poorly, with thin wear layer.
@Joe-bm4wx
@Joe-bm4wx 4 года назад
Yes, absolutely. I will not rent a place that has that shit. It wears down fast, and then you're responsible for it.
@ericspencer8093
@ericspencer8093 4 года назад
That's not been my experience at all. Maybe you're mistaking laminate for vinyl plank??? When I bought my house (in a warm, humid climate) it had hardwood flooring. It was in bad shape: scuffed, scratched, and warped, and it was less than a decade old. I lived with it for several years, watching it get worse and worse. When I was able and considered replacing it, did a lot of homework first---even considered just carpeting over it as the cheapest alternative. Finally settled on vinyl plank. 6 years later, and I could not be happier. Looks just like the day it was installed. Nearly impossible to scratch, looks just like hardwood. Impervious to water, cleaners, harsh chemicals like bleach, etc. Color hasn't faded. Still have guests mistake it for hardwood.
@samherrick8656
@samherrick8656 3 года назад
@@ericspencer8093 Not all Vinyl planks are waterproof, you can buy $1.50 trash board or sit at like 1.90-2.30 for waterproof
@roundedges2
@roundedges2 5 лет назад
Lauren: “Little sliver in the middle..” Kevin: “You mean like a “WEDGE”?
@LGM030G
@LGM030G 5 лет назад
2:45 Wood can cost between $10 to $14 per foot while porcelain can cost ten..... To FOURTEEN dollars per foot.
@TheDipset1233
@TheDipset1233 4 года назад
Lol he slipped
@8dodger7
@8dodger7 3 года назад
That's is contractor installation cost and material combined.
@AugustSlippedAway15
@AugustSlippedAway15 5 лет назад
I need Lauren to have her own RU-vid channel about design and staging and investment properties for women! I’d subscribe
@eugenberzani1216
@eugenberzani1216 4 года назад
why does it have to be "for women"? Are you for women and men to be segregated? I have a place that you will love: KINGDOM OF SAUDI ARABIA
@IMFAIMOUS
@IMFAIMOUS 4 года назад
@@eugenberzani1216 high hi
@samanthakulppi5729
@samanthakulppi5729 4 года назад
I'd watch Lauren everyday!
@DannyBoyle-tp5vg
@DannyBoyle-tp5vg 4 года назад
kinda stylish fuck you misandrist
@robbievargas8479
@robbievargas8479 4 года назад
You are a sexist, shut up.
@inthesun3884
@inthesun3884 5 лет назад
He looks at her with puppy love eyes. Too cute.
@GilBatesLovesyou
@GilBatesLovesyou 5 лет назад
One weird idea I had for a rental property is just putting drains everywhere I can. As in, a secondary drain in the corner of the bathroom in case the toilet overflows, one in the kitchen, etc. Sometimes properties are damaged by purposeful vandalism but there is also just things like an overflowing toilet or similar that can cause problems. BTW, one tip I found for the under the sink problems. Use 1/4" Hardibacker tile board instead of luan/plywood. You can score and snap to cut it, and it's water resistant/not deformed by water, so it won't warp. I've used it as well to repair Masonite garage door panels, too. I'm a contractor and a lot of my work is polishing rental turds.
@rpvitiello
@rpvitiello 5 лет назад
GilBatesLovesyou I have seen kitchen cabinets in new construction have stainless steel pans under the sink cabinet now. May be an option worth getting.
@rpvitiello
@rpvitiello 5 лет назад
TheFNASSHOLE or you spend $10 on a silicone drain seal www.amazon.com/Backflow-Preventer-Toilet-Bathroom-Silicone/dp/B075WRS7VW/ref=pd_aw_fbt_60_img_3/135-0659149-0242546?_encoding=UTF8&pd_rd_i=B075WRS7VW&pd_rd_r=8210bf5e-e055-4038-9ed2-319b15835d6d&pd_rd_w=aaIWL&pd_rd_wg=Qw4uP&pf_rd_p=0bda97b1-9615-4960-b748-b906a3521083&pf_rd_r=34G6JWNJQJ8VPEMZKYMV&psc=1&refRID=34G6JWNJQJ8VPEMZKYMV
@Joe-bm4wx
@Joe-bm4wx 4 года назад
Uhhh, EVERY house I've rented (even in So Cal) ALWAYS includes the fridge, washer, and dryer.... I would pass up any house that doesn't include that.
@born2bmensch61
@born2bmensch61 4 года назад
Kevin- this is the second video I’m seeing within Lauren. (The first was you two going to Miami. Discussing the potential AIRBnB property) My guy, she is simply AMAZING!!! She should have her own channel. She has a beautiful, knowledgeable delivery style. No hype. Just facts. Psssttttt..I like how you speak to her. I can feel your love and RESPECT for her. I can see it. -Duke 🇺🇸🇿🇦
@jesswhite8087
@jesswhite8087 5 лет назад
You found a keeper Kev. Lauren is legit.
@Lisa.M.J
@Lisa.M.J 5 лет назад
@Jess White I know right 🙌
@born2bmensch61
@born2bmensch61 4 года назад
I’d love my wife to be friends with her. -Duke 🇺🇸🇿🇦
@Lisa.M.J
@Lisa.M.J 5 лет назад
👏Now that’s a REAL power couple! Lauren definitely brings value to your content Kevin.
@justSTUMBLEDupon
@justSTUMBLEDupon 5 лет назад
This is a video you have to watch a few times and take notes. We gonna need some more examples too by the way. This video was very informative Side note: love her! Goes to show picking the right person on your team is super important. Marry someone who wants to build with you not just wait for you to come home
@surferbone82
@surferbone82 5 лет назад
Having someone with this type of knowledge for your first rental is invaluable. We saved so much money having our realtor (aka mom-in-law) help us make our first rental renter-friendly which meant saying "no" to a lot of our design choices which we thought looked good, but would be considered unnecessary overspend. We even considered an entire remodel on our kitchen just because it looked a little dated!
@michaelbouley2294
@michaelbouley2294 5 лет назад
Carpet is a sponge soaks up everything and it cannot be cleaned enough.
@NeilDoesStuff1
@NeilDoesStuff1 5 лет назад
That's crazy that it is normal to not supply fridges and washer/dryers. Every place I've ever rented came with those but also never rented in ca
@djcruiser9816
@djcruiser9816 5 лет назад
Neil Seifried 100% agree. If it has a water line connection I want to know that it is a solid machine and installed properly. A leak can cause costly damage to the property.
@joijackson-morgan6128
@joijackson-morgan6128 5 лет назад
That’s usually a So-Cal thing. When I moved from the Bay Area to the LBC, none of the apartments came with fridges. I was so shocked.
@rpvitiello
@rpvitiello 5 лет назад
Seems like this is a case of having to know your market. Northeast USA almost every apartment has a fridge, except very low end properties. In Tennessee I have seen kitchens have NO appliances, not even a stove include. Apparently an extreme example is Germany, where the entire kitchen isn't even provided, not even the cabinets. It's just an empty room. Know the custom where you are, and provide what's expected.
@L-M-O-1
@L-M-O-1 4 года назад
@@joijackson-morgan6128 😳😲😖
@MilenaKoncar
@MilenaKoncar 4 года назад
Its DISGUSTIMG to use other peoples washer and drier and fridge! 😝🤤
@GilBatesLovesyou
@GilBatesLovesyou 5 лет назад
This is a little weird. Where I'm at "slum lords" mean 1970s asbestos tiles, a 1960s oven, and original wood windows with cracked shellac all over them with everything else being painted with the cheapest $15 a gallon Glidden paint from Home Depot with runs and blobs all over everything on top of wallpaper they were too lazy to remove. Make sure any holes in the drywall are patched super conspicuously as well and not sanded down either, that's a lot of work, that sanding stuff.
@user27278
@user27278 5 лет назад
Exactly, painted hinges and electrical plates, drips on linoleum tiles etc
@GilBatesLovesyou
@GilBatesLovesyou 4 года назад
@@williamhinshaw6838 I guess cheapo contractors, but sometimes it's in house maintenance teams.
@Conformist138
@Conformist138 5 лет назад
In my area, no fridge means no rent. I dont know of a single unit anywhere that doesnt include one. They come in different sizes and I'd be super annoyed to limit my options to units with a compatible sized fridge space.
@daneelsamoylenko9209
@daneelsamoylenko9209 4 года назад
I completely agree, even with your 1st video on this subject. But I have only one thing to say. I rented a house that had extremely cheap countertops, floors, etc. It was extremely hard to take care of, and it seemed like the owners would just replace everything with a new tenant, and just make the "tenant pay for it" felt cheated honestly. extra the countertops were one of those ikea ones, under a 100$ and they would stain for like no reason. the backyard had mulch in places, and didnt have a black tarp under. No way to control weeds.
@shawntripp3998
@shawntripp3998 5 лет назад
Wow, slum lords sound awesome in California!
@waschell1
@waschell1 5 лет назад
This is gold for small potato landlords like myself. You answer all those nitty-gritty questions about what you should and shouldn't do to get a property ready to rent. Thank you!!
@martylts
@martylts 5 лет назад
I am surprised about "no frig". I have lived in 4 different states and rentals always had a frig. With washers and dryers, I have seen provide your own or included.
@coherentpanda7115
@coherentpanda7115 5 лет назад
It's a California thing, especially in the LA/SoCal market. Landlords aren't required by law to provide them, and much like washers and dryers don't want to be responsible for the maintenance and cleaning of them.
@euenfheiejrj
@euenfheiejrj 4 года назад
I haven’t heard that either and I’ve lived in NYC for 7 years lol
@charlesfrusa5049
@charlesfrusa5049 5 лет назад
"Think about how appealing to the masses". How in a few words we can describe a successful business. Well said!
@xBeauGaming
@xBeauGaming 5 лет назад
More of these!
@bkucenski
@bkucenski 5 лет назад
My tenants left a huge black stain on the light colored carpet when they left. I had Zerorez come to clean the carpets. They didn't say anything going in but that stain was completely gone. They had a pretty good idea that's what would happen but didn't want to promise anything just in case. I had put in really cheap, very stain resistant carpet. It was basically made of plastic so the stain couldn't actually soak into anything so it could be sucked right off. That's also an important consideration, what the carpet is actually made of. That has a big impact on whether stains go away or just fade a bit with professional cleaning.
@ELwow2
@ELwow2 4 года назад
You started with good recommendation until you said carpet is good for bedrooms. I manage over 200 tenants and carpet never worked out to be a benefit. Vinyl planks is the way to go.
@RP-pi9yp
@RP-pi9yp 5 лет назад
Interest rate cut by 25 basis points , let's hear your report Kevin, anxiously awaiting ...
@nw9801
@nw9801 5 лет назад
Ray Phillips SAME!!! His first prediction was right
@youtubeaccount69420
@youtubeaccount69420 5 лет назад
Indeed, Gave some good strength to the USD from what I have seen.
@kiput3647
@kiput3647 5 лет назад
@@nw9801it was pretty obvious if you follow the markets
@guytech7310
@guytech7310 5 лет назад
I don't the 25 pt cut will be enough. IMHO, I would wait for the next recession that look for properties selling at a discount. Normally Recessions occur every 7 years, and currently the last recession is now over 10 years. Odds favor a recession will happen sooner than later. In a recession you have a bigger selection of properties and the will likely sell at a discount. You just need some patience.
@kiput3647
@kiput3647 5 лет назад
@@guytech7310 we are in a new era, expect the unexpected and dont based future outlooks on past performances
@KathrineAnnVlogs
@KathrineAnnVlogs 5 лет назад
I really appreciate these renovation videos. You are the only channel I can find that makes great quality content about the specifics of renovations. I appreciate you
@DavidIknaian
@DavidIknaian 4 года назад
I've never heard of people moving around with their own washer/dryer and refrigerator. Maybe because I'm in MA and if you didn't have a refrigerator good luck renting the apartment. Same as a washer/dryer, I've never seen renters with their own. The apartment has to either have in-unit or the property has a common laundry room. Again this is in MA, I guess that's normal in CA.
@jonathanpope5068
@jonathanpope5068 5 лет назад
You are not a slum lord if you install a new floor regardless of how you feel about the style. Also mold will grow on bleach or after bleach has been used to clean mold. Take a swimming pool as an example. Bleach is a little bit of chlorine mixed with mostly water, just like a pool. In very short amount of time the chlorine dissipates and you are left with just water. This is the main reason you use mold specific products that will leave a residue after it has dried up that can last 6 months and up to a couple years depending on the product.
@luiscaminero9145
@luiscaminero9145 5 лет назад
Damn, I should have thought of this before I painted my room black and white.
@zr2ee1
@zr2ee1 4 года назад
i think you can find a lot of energy efficient upgrades that don't break the bank and actually make your property a lot more marketable. replacing all the bulbs in my house with LED's $150, replaced high traffic area switches with motion sensing ones for $10-15 a piece. Whole house fan or attic fan for a few hundred bucks. Things like that make a way bigger bang for your buck before you go for solar panels or new energy efficient appliances. And you can market cheaper energy bills to your prospective buyers or renters.
@oxpahnakompromatkohtpol436
@oxpahnakompromatkohtpol436 4 года назад
First mistake was shopping at Lowe's (or Home Despot). Lots of cheaper places that have stuff just as good.
@annettetolbert1211
@annettetolbert1211 5 лет назад
You have to supply your own large appliances when you rent in CA?!? Well, I have learned something new. In North Carolina, folks would be confused if they were renting a place with no fridge. Lol, Wow.
@user27278
@user27278 5 лет назад
It's new to me, I've always supplied the fridge
@leebeetle
@leebeetle 3 года назад
One of my pet hates when I rented a house was the cheap grade stuff they used. Eg. They ripped up the old lino and had a handyman hand go over the wood floors with some sort of floor polish. Each room it became thinner and you could see the hand brush marks, wasn't done behind doors. Paint on walls would peel off if you washed or touched it etc. This made the tenant set up to fail with damage and the real-estate was routhless. So I got out as soon as contract ended and paid a handyman to fix mistakes they made so they couldn't charge me for them. I felt I couldn't "live" in the house felt we lived on eggshells not to make damage. due to that set up to fail mentality the investor had.
@KL-bc1eg
@KL-bc1eg 4 года назад
I installed a jacuzzi bathtub which cost $1,000 more and got higher-end stainless steel kitchen appliances while other properties in the neighborhood I checked out didn't have them. I had multiple bids and sold the renovated house within days on the market in San Francisco, CA in 2006 before the market busted. Asking price: $1.525M. Offered price: $1.65M. House flipping is fun if you are into that stuff. I've learned many things from my contractors and I can do most of what they can do over the years. I've learned general plumbing (except under the house...too damn dirty, I'm too flimsy, and I hate spiders), electrical (except the fuse box...don't want to get zapped higher than 120 volts), tiling, flooring (except carpet which are soooo 80's...i hate carpet and wooden floors are best for flipping), cabinet assembly (but I can't put them up since I'm too flimsy and weak for that since I weigh 100lbs at 5'1" tall), and general repairs. I don't mind changing the toilet tho and stare at the black hole where the wax ring thingi is. Don't ask me why, but I've seen worse when I was in nursing school. If you're gonna get into this business, learn the cost of parts and labor. If possible, buy the materials yourself and be frugal without being too cheap. Don't settle for mediocre materials. Kitchen and Bathrooms are key to success. Comb your neighborhood for open house and check them out to get an idea how you fair. Use a 3D software to visualize designs and concepts. Don't start knocking walls down before you know what you are doing. I do admit that a sledgehammer on a rampage, taking it out on the walls is kind of fun. :) Stay contemporary even though you love grandma's 70's wallpaper design. Cut that crap.
@goonies4367
@goonies4367 5 лет назад
Pick whatever paint colors u want. In your own house! Not a rental... Yes my home will be a rental someday but paint not that expensive.
@YoungMoneyInvestments
@YoungMoneyInvestments 5 лет назад
Good info but was a LOT OF FLUFF. To summarize: buy quality fixtures/appliances (if aplicable) for your home that will become a future rental. Don’t over spend on blinds, fixtures, cabinets, paint instead of replace, look for floor models or appliances with small dents, scratches or defects. Stick to the earthy tones, don’t narrow your potential cliental. Honestly, pretty basic and simple stuff. One more tip: get a Lowe’s card to save on costs of renovation materials.
@barefoothippielibtard9691
@barefoothippielibtard9691 5 лет назад
Young Money Investments Everything video is fluff with you boil the whole video down into one paragraph. Smh
@dancameron2719
@dancameron2719 5 лет назад
@@barefoothippielibtard9691 Thought the same thing about it. Liked the condensed version of the video more!
@YoungMoneyInvestments
@YoungMoneyInvestments 5 лет назад
@@barefoothippielibtard9691 Haha you have a point! 😉
@kiput3647
@kiput3647 5 лет назад
yea but most people are literally retarded so i guess he caters to the general public, this is common sense of course but that's getiing more and more uncommon.
@YoungMoneyInvestments
@YoungMoneyInvestments 5 лет назад
@@kiput3647 Amen my friend! 😂
@keithkrueger1609
@keithkrueger1609 4 года назад
i have rentals that i accept dogs and i get 300 per month more than neighboring rentals because of this. renters prefer i don't replace carpet or floors since they worry they would be charged for damaged. my renters stay on average 5 years, all my rentals are under 17 years old. also offer to pay for carpet cleaning each year for free. most times the tenants shedule it themselves and send me the bill. be honest and work with renters. mine also get 100 dollar gift card for Christmas after i do all my yearly walk through first week of December.
@jimtarwater162
@jimtarwater162 4 года назад
You got the spot correct. I made a few mistakes in the beginning. I once fixed the lawn sprinkler system and tenant never used it and broke the sprinkler heads mowing. You can easily spend too much, but don't. I like the $1 tile that is 12x12. Cheap, but still looks good.
@aliburch4273
@aliburch4273 3 года назад
As someone who is just beginning to map out a budget home reno, I actually went to Lowes first thing because I know they price match xDD It's awesome to know there's tricks I could employ to make those renos a little closer to my thin per-room budget
@bloodgain
@bloodgain 4 года назад
I think these are all good points except 2: 1) You can get modern flat LED fixtures for $20 each these days. Boob lights are so incandescent age and were ugly back then. 2) Those new style high-efficiency washers/dryers are great if you buy the right ones. I have a 10+ (maybe 12?) year old LG brand set with direct-drive motors (i.e. no belts) that work great and still look practically brand new. They're huge, too, so I can do a lot fewer loads. Don't pay retail price, of course, that's stupid, but I paid like $1500 for the set after tax and will probably get another 10 years out of them easy.
@stuarthirsch
@stuarthirsch 5 лет назад
I believe even if you aren't going to rent a property and later sell it, try for the upper end of the sweet spot. You don't get more from buyers for over improvement. Even though home improvement shows and networks try to tell you you do.
@HunkMine
@HunkMine 4 года назад
Dark floors are going to be out of fashion fast, just saying. Warm wood is timeless
@user-xc3yb1vk2e
@user-xc3yb1vk2e 3 месяца назад
Dark wood or not have anywhere to live ?
@alexandruulici-buyingfreed9118
Even though I don't have Lowe's in Romania, I still find the information really useful! Thank you, Sir! 🙏
@ronbrendag7131
@ronbrendag7131 5 лет назад
Brickodepot
@thethcgrower7895
@thethcgrower7895 5 лет назад
Ron & Brenda G da
@kkp4297
@kkp4297 5 лет назад
My gray shaker cabinet doors will hopefully be in style for the next 40 years.
@cscetown
@cscetown 5 лет назад
As a small flooring business owner. Spend the extra 25 cents and shop local. Better people, better installation and an all around better experience.
@Andriykoblin
@Andriykoblin 5 лет назад
Definition of slum lord in CA is waaaaay different than what I think! I have laminate square tiles from early 2000s and plastic blinds in my apartment and think its acceptable! LOL
@Eric3Frog
@Eric3Frog 5 лет назад
Where are your properties? And, are they A B C or D properties, for your area?
@Andriykoblin
@Andriykoblin 5 лет назад
@@Eric3Frog sorry, my apartment as in the one I live in. They are probably a or b in Cleveland ohio suburbs. I dont see them as outdated really. Its just 'rental grade"
@ebonycombs1677
@ebonycombs1677 5 лет назад
Facts I'm from Cleveland
@lukazupie7220
@lukazupie7220 3 года назад
In my apartment i have everything from 80s.. and i get top money for it :)) ~350feet2 330eu, so almost 400$.. this is in Slovenia small city (6000 people) where min wage is 700eu/month and many people actually are paid min wage, unlike USA. It is crazy imo but I don’t complain. And it is all because city doesn’t make more land available for big complex buildings. If they give me cheap land i can build a complex and rent place like mine for 200eu. And this is very left wing city, they are supposed to look after poor.. but they don’t even understand basic economics probably.
@Dana5775
@Dana5775 4 года назад
Really depends on the neighborhood! If the area commands high rent your best choice is quality. If the Neighborhood is low income go with cheap stuff!
@syguzman5739
@syguzman5739 5 лет назад
13:44 Lauren: "You put in the fixtures, whatever is most popular.." Kevin: "Boobs?" _Lauren_ _keeps_ _a_ _straight_ _face_ 🤣
@jackjansky3176
@jackjansky3176 5 лет назад
That was a great video, as a rental owner I have followed theses exact principals for over 10 years. Updating fixtures and paint, and recently going with Luxury Vinyl Plank for approx $2 per sq make the rental stand out over other rentals.
@8dodger7
@8dodger7 3 года назад
Grade A Tenants do not like carpet unless it is fresh and even then. 1) Tile is tenant proof (p.e.i 4) Buy once cry once 2) Luxury vinyl in bedrooms. 3) Tile sink base Cabinet and trim the inside with painted wood trim
@belar836
@belar836 5 лет назад
Tenants supply the fridge and the washer/dryer? That does sound slum lord-y.
@TrailTrackers
@TrailTrackers 5 лет назад
Owner should supply fridge for sure. I'm torn though on supplying a washer and dryer to my tenants
@cciphotos
@cciphotos 5 лет назад
I’m from WI and it’s actually pretty common that you have to supply your own appliances in duplexes or single family homes. Not apartment units though.
@berri5769
@berri5769 5 лет назад
The fridge thing happens here in LA. So not only are you paying 1.5k for your one bedroom apartment but you have to buy a fridge if you didn’t have one already. Not all apartments have washer/dryer in unit itself.
@TrailTrackers
@TrailTrackers 5 лет назад
@@cciphotos : dang. I'm in north utah and decades ago the wife and I rented a duplex while building our 1st house and it.had a.fridge only. That's been my only "tenant" exp. But regardless, I wouldn't feel right making my tenants have to deal with a fridge so I just provide that.
@leebeetle
@leebeetle 3 года назад
Depends where you live. Here renter supplies those items. We found if we supplied them then tenants would come alone and have their own and want to use theirs.. they would put our stuff on the porch to storage etc. Or they would want us to take out our stuff for theirs and we would have to store it
@ShaneHummus
@ShaneHummus 5 лет назад
Imagine the thrill and the excitement of finally owning a house and buying stuff to beautify your home. Just always remember to buy something that's comfortable and useful, not just because it looks good. Good budgeting skills is gold. Awesome video man!
@joeo7257
@joeo7257 4 года назад
Huge score for Lauren! Lots of good information here. In my state my rent is not $1200/ mo. It is more like $700/mo. I believe my target range would be lower quality than yours. Point taken: if you over improve, it will not be noticed or appreciated. If you under improve, you also will attract more problematic tenants. Maintain your proper standard.
@ericstyer2890
@ericstyer2890 4 года назад
I initially took you for a schmuck but have since grown to like you. Your better half seems like a reasonable lady too. Kudos to you Kevin. When it comes to AC systems SEER ratings are worthless. How many times has someone overspent and seen hardly any difference in their utility bill? Money is best put in the duct systems and sealing it. How do you feel about acreage for personal property, not to be rented? I mean they’re not making the stuff anymore right? Take Care Y’all!
@CommandoMaster
@CommandoMaster 5 лет назад
Not marrying a smart 29-year old girl is a stupid mistake all homeowners make!
@jordanpage176
@jordanpage176 5 лет назад
Something valuable I learned from this video: Use wood looking linoleum tile to cover imperfections under kitchen and bathroom sinks
@user27278
@user27278 5 лет назад
That's slumlordy
@jordanpage176
@jordanpage176 5 лет назад
Is it though? It’s simply an alternative to paint right? Under the kitchen sink is usually not the prettiest area anyways. Most of the time it just holds cleaning supplies anyways. Besides, it’s WAY better than the wallpaper under the sink I peeled up in the house I just bought. Lol
@jordanpage176
@jordanpage176 5 лет назад
In my opinion, slumlord just means deferring maintenance and providing an overall unclean & uncomfortable place to live with no intention on ever making improvements. Going out of your way to make the least opened cabinet look better isn’t very slumlordy. Like he said, it’s not like I’m covering up mold.
@user27278
@user27278 5 лет назад
@@jordanpage176 no, listen to what he says tho, he doesnt just mean a water stain he means compromised wood, thats what he means when he says instead of replacing the wood that can be costly. That's slum lordy
@mrnt1257
@mrnt1257 4 года назад
arturo raygoza what difference does it make if it is covered over or painted over? I would rather put $ in another place that shows rather than under the sink. I think 90% of renters would agree with that.
@WolfBoy70
@WolfBoy70 4 года назад
This was very informative. I find it very difficult to stay in that "sweet spot" of not spending too much on an item because I really like it and I indulge myself as a reward because it's intended for the long term; I like dark and bold styles. Her advice to "Buy neutral for a rental" If I remember right, my parents and friends have said the same thing. It makes sense.
@uNiandstrize
@uNiandstrize 5 лет назад
Regarding the windows, it really depends on the climate you live.
@guytech7310
@guytech7310 5 лет назад
Issue is with cheap materials is that often don't last, especially if the renters have children or pets. In the short term, a cheap product will save money, but the real cost is the installation labor. Sucks when you have a problem, pay to remove the old damaged, worn out product, pay for the replacement product, and pay to have the replacement product installed. Durability would be my target. That said, often a lot of expensive products aren't always durable. They are constructed to look elegant over durability. One area you don't want to cheap out is plumbing, a leak caused by a cheap component can costs thousands of dollars in repairs.
@Emmannie
@Emmannie 5 лет назад
What a cool video! Adding Lauren's take was a nice touch b/c she provided several great, objective insights. (I especially enjoyed her seemingly bashing the famous "Modern Farmhouse Style" on the basis of how fleeting it really is. To me it's overrated.) Additional Pro tip: Don't get your hardwood floors at Lowe's/HD!! (For your home, not your rental.) I respect getting the luxury vinyl and I would in a rental, but for my home? Definitely hardwood, as that's the kind of quality buyers in my area expect should we ever sell. Lastly, thanks for the reminder to NOT over-improve, even if we're in our forever home (which we are): It's important to remodel based on our realistic lifestyle and not today's trends.
@Eric3Frog
@Eric3Frog 5 лет назад
In the Washington DC suburbs I live in, I see $800,000 plus houses with luxury vinyl plank.
@ArcaneVenom
@ArcaneVenom 4 года назад
Buying my first home (at 26) here in the UK Kevin, I plan to turn it into a rental in 3 years time - excellent video, really appreciate yours and your wife's advice.
@GravityGamerXCII
@GravityGamerXCII 5 лет назад
Also a good thing about vinyl floors is if your house gets flooded or anything happens you actually make money off the floors because it’s so cheap so your insurance gives you more money then you actually spent, plus you can install them yourself
@alpha-bf7hy
@alpha-bf7hy 5 лет назад
Kevin, the 6 commercials. They're killing me. Why
@meichelle2000
@meichelle2000 4 года назад
Revenue.. So he can make a few bucks off of your view...
@slowmotionjoe6263
@slowmotionjoe6263 3 года назад
arguably i think there is a difference between air bnb rentals (short term) and rentals where people intend to live for awhile (long term) and i think sometimes spending on nice things can be good for short term rentals....im a construction supervisor in toronto....used to be a self employed handyman for 10+ years...i did a interesting project (one of my last) before becoming a supervisor...it was in the worst area in toronto right by moss park...the building the lady bought was a 3 storey building that used to be a funeral home...she converted it to a luxury temporary rental and was making about 8,000 a day...it was kinda surreal because when you were working in there it was marble, exposed rafters that had been stained, fancy ductwork, exposed brick, beautiful custom concrete floors, smart mirrors, glass showers, rooftop patios...and you would go outside and see people overdosing on drugs on the street. Even cbc news rented a unit there for an interview...long story even longer...i think people are willing to pay more for luxury short term rentals...forgot to mention though she was pretty smart on saving on labour...even though im not cheap she was able to get most of the work done by foreign exchange students from germany who were getting into the trades so they were able to live there and work on the place as a project...professionals were used when necessary...
@angelortiz5449
@angelortiz5449 5 лет назад
Didnt watch it full before commenting im literally debating in a home depot parking should I paint the baseboards the same color as the walls answered it Thnks you guys are amazing
@Tpearson2002
@Tpearson2002 4 года назад
All of the vinyl plank i have see are less scratch resistant that even the cheapest laminate flooring. Get some samples yourself and take a knife to them and try and make a groove or scratch. The vinyl leaves noticeable grooves and scratches. I tested vinyl planks samples from $2-6 sqft and the cheap $1sqft laminate was less scratch resistant. Now wear layer wise and long term im not sure how it will last but for $1sqft I just threw it in my kids room. For a bathroom or kitchen I may go for vinyl plank for the water resistance but man a dropped knife or pot and it may leave a nasty easily noticeable mark.
@SupaDupaaFlyy
@SupaDupaaFlyy 5 лет назад
Vinyl flooring is just easier and cheaper but not the same as porcelain tiles come on. You get what you pay for in vinyl flooring, tops it would last 2-3 years if the tenant is good but if the tenant has a dog and kids throwing food on the floor every day, then good luck having that last a year.
@tomatobrush3283
@tomatobrush3283 4 года назад
The luxury vinyl is more expensive where i live than porcelain. The US is usually about 10-15 years ahead of the UK in the quality of finishes. They do exist in the UK but they are very expensive and you don't find anything more than laminate and carpet in rental properties. Laminate if you are lucky. Most rental properties where I live don't come with dishwashers or kitchen islands or nice counter tops or nice functioning showers. Adding those features can increase your rents and increase your returns when refinancing.
@MatanuskaHIGH
@MatanuskaHIGH 4 года назад
I know when I lived in Oregon there was a 5 year limit for carpet or something so they couldn’t charge your deposit for the carpet after small certain amount of time regardless of the carpet warranty.
@walkermorales337
@walkermorales337 3 года назад
I’m my experience removal of carpet and installation of laminate would take like less than an hour to install it, it takes a few minutes to remove carpet and half an hour to an hour to install laminate
@mindlesspuppet
@mindlesspuppet 5 лет назад
Not even considering price, I prefer vinyl, by far the lowest maintenance flooring option.
@chriscocoalminer3230
@chriscocoalminer3230 5 лет назад
I see ovens (decent ones, rental grade) on craigslist for like $200, opinion on buying one??
@user27278
@user27278 5 лет назад
I get mine at a refurbished place oven plus fridge 600
@jesuspadron7232
@jesuspadron7232 5 лет назад
Make sure u have warranty or at least pay for home warranty
@ferencvad8251
@ferencvad8251 4 года назад
Porcelain flooring is not always smart, especially if you get soft flooring after a while due to air humidity like in Florida or age.... once you have soft spots on your floor, the porcelain will break.
@kkp4297
@kkp4297 5 лет назад
egh, we got some new million dollar mcmansions in LA County that are actually using porcelain wood look tiles where they used to do engineered hardwood. wood look porcelain is not out yet. If you can get the tile cheaply installed. For a rental, it doesn't have to be perfect, but it should be super durable and not warp and pull apart like some luxury vinyl plank does
@ErinFrught
@ErinFrught 4 года назад
I have always felt that painting should wait until the buyer (not renter) signs on the line and allow them to accompany you to the store to choose the colors (no way to say you picked the wrong one if they picked it themselves). Once it is painted, they either love it or they repaint it themselves on their own time and dime. I feel it is a waste of time and money to paint beforehand because buyers tend to repaint before moving in. You can include an allotted timeframe to get the house painted after the buyers bought and closed on the house and chose the colors OR a discount if the new owners choose to do it themselves. I hate boring colors. My bedroom is purple (Robes for the Queen DC2C-10-4 from the Disney line). Our study is Greg Biffle Yellow from Home Depot's Nascar theme line. My son chose Pesto green for his room. I would have chosen Crayola green. Anyway, white, gray, beige all = boring but I understand the concept of appealing to the masses if you are not allowing them to choose their own colors. If you are putting in new carpet, I would do the same; let the buyer choose. Of course, renting is an entirely different situation. Masking stains is priority in renting.
@leathercheerio1
@leathercheerio1 3 года назад
I have some water damage under my kitchen sink and didn't even think of those linoleum squares..thanks
@OurOneLifeAz
@OurOneLifeAz 5 лет назад
I can not believe people were calling you a slum lord. We call that wisdom! Had someone tell me they refuse to water plants on their rental because they are not going to take care of the owners stuff. Mind blowing! This is the mindset that keeps people renters and never owners.
@kennethsinger561
@kennethsinger561 5 лет назад
How does them not watering plants keep them poor?
@OurOneLifeAz
@OurOneLifeAz 5 лет назад
@@kennethsinger561 mindset. Self centered only serving ones self. It's not the plants that it is problem, it's the idea that if they dont get something out of it, then screw you. That mindset keeps people poor. This yt channel is a great example. No channel starts off making money, it starts off unmonitized and offering free information. That giving mindset leads to more later, but if all Kevin wanted was to squeeze everything out of it for himself only in the beginning, there would be no Meet Kevin. Hope that answeres your question.
@Uber1nsane
@Uber1nsane 5 лет назад
Are there upgrades that don't increase the rent, but increase the appraised value more than they cost? For example I can get carpet/LVP for $2/sqft installed and tile/hardwood for $6/sft installed. A higher appraised value means more money out of the deal in a refinance. Or does carpet/LVP appraise equally to tile/hardwood in your market?
@mbchudno
@mbchudno 4 года назад
For cabinets, you can go to Ikea and get brand new kitchen doors. they only 50 bucks and it might be cheaper then painting them.
@SgtBergin
@SgtBergin 4 года назад
Also consider buying refurb appliances. I rented in Colorado and the owners bought crap appliances for a beautiful house. I was military and needed to Live there two years. I sold the appliances and for what I made replaced with high end return units that were same white color. Owner was super excited when we were done. Fridges are not common for renters.
@coedshowers
@coedshowers 4 года назад
the habitat for humanity ( RESTORE ) around here has solid wood cabinets for 1/4 of the price of new ones anywhere else and they are real wood not mdf. A local retired guy makes them. so check out habitat/Restore if you have one in your area.
@cherrytung
@cherrytung 5 лет назад
One day... I will relate to this video :)
@cherrytung
@cherrytung 5 лет назад
@@manictiger :O imagine investing that $40K
@kirestus
@kirestus 5 лет назад
@@cherrytung he did... in a chandelier
@cherrytung
@cherrytung 5 лет назад
Ryan Fry let’s hope it gives good returns
@rcast2440
@rcast2440 5 лет назад
We had a guy fix our refrigerator and he says never get Samsung kinds of products. They don’t work great the motor always burns out. Whirlpool and other more known products last longer.
@user27278
@user27278 5 лет назад
Whirlpool is what we use in New homes
@rcast2440
@rcast2440 5 лет назад
arturo raygoza yeah that’s what the guy said to my mother when he got done fixing it. He does not recommend it since they tend to brake down all the time. As well he says majority of what needs fixing at the shop and goes to homeowners are Samsung
@cryptonian7706
@cryptonian7706 5 лет назад
I could listen to you guys for hours. You both have a wonderfull personality and are just extremely wise. Im buying my first rental this week and you guys are teaching me pro moves. Thank you both very much appreciated
@uppatdawn9763
@uppatdawn9763 3 года назад
A few terrible suggestions here: so what about what is "in"? Vinyl guages and can separate- ceramic is forever, once a year clean and reseal the grout deepening on location... Vinyl had terrible toxics in it's production...
@rychei5393
@rychei5393 4 года назад
Luan would look better than the tile under the sink, though not as water proof. Also could use a cut piece of shower backing... that white shiny 4 by 8 sheet.
@MagicNomadic
@MagicNomadic 4 года назад
I had to stand up and shout AMEN at 5:40 !!!! details like this really set you apart and your tennant will take better care of a property when they see these fine points. You two always give some of the soundest advice in this space!
@kpag3030
@kpag3030 4 года назад
You don’t supply the fridge?? That’s 1500-2000 dollars the tenant has to buy and then either sell when they move out or move with them?? How much would you stand out by sacrificing one month of rent for a fridge for your tenants once every 5-10 years? I totally disagree with that move regardless of tour market. Any further explanation on this move to clarify?
@w8what575
@w8what575 4 года назад
U can also take nice trim and trim out old cabinet doors that r nice but out dated...if ur gonna paint them especially..trim, casing, and chair railing or whatever it’s called...work great on cabinets...then get some nice hardware..it’ll look like new cabinets... And who the hell puts a new oven in a rental that’s got that price on it! If I find a smaller family owned appliance store, or a wholesaler and u have enough rentals needing appliances...u can get a bundle deal for a fraction of the price..patience is a great way to save money lol...it’s surprising the things u can find for a little bit of nothing if ur patient and for new things..there was a new build home that the owners had ordered a nice two person jet tube or whatever they call them..then changed their minds...so the hardware store gave the contractors a hell of a deal offer of $150 for this $1200 tub..they have ins to cover certain things and since the item was taking up space and too expensive to ship back, the manufacturer the owner had ordered it through said to just throw it out...it’s a loss to ship it back and restock. Got new sinks and toilets this way as well..cabinet sets too
@Santamonicadrainco
@Santamonicadrainco 4 года назад
noob - hires someone to lay their tile pro - lays the tile themselves ❤️
@alexpadilla144
@alexpadilla144 4 года назад
Not everyone is skilled in doing so
@denniskohl9340
@denniskohl9340 4 года назад
A slum lord wouldn't do any improvements and cover things up with paint. I have had dealings with both slum lords and not. Kevin is not a slum lord!!
@MisterKaen
@MisterKaen 4 года назад
Best thing is to know a floor guy. I have 26 years experience in commercial and residential flooring. Pros do not buy flooring from home depot. We buy from the mill or a local distributor. Home depot is a joke for flooring. I worked for them for 8 years and even performed inspections. Best place to go is to the local distributor for electrical or plumbing paint etc. The places that supply the pros know all the guys and who to reccomend.
Далее
$0 to $5,500,000 in Assets by 27. Here's How I Did It.
32:37
AVOID these Idiotic Mistakes of My First Rental House
16:12
How to be a Pro Renovator (not a noob)
11:39
Просмотров 166 тыс.
How this $0 House Made me $100,000 in 1 Month
21:20
Просмотров 144 тыс.
Fed to cut Rates to ZERO! PREPARE
15:21
Просмотров 129 тыс.
2023 Phenom 300E - K598TB
2:16
Просмотров 3,8 тыс.
Avoid these Expensive Mistakes ALL New Homeowners Make
11:59
20 Steps: 0 to RICH in Real Estate
16:35
Просмотров 179 тыс.