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How should you decide how “nice” to improve a rental? Here’s how I determine it, using something I call the “Coziness Factor.”
0087 BiggerPockets Reblog: The Coziness Factor 5 Key Property Improvements to Rent Your Unit Faster
8 Comments
The video goes blank white around 5:32. Audio is there but no video
Great video ! Even looking at apartments for myself I didn’t understand how
people can take pictures of their unit or house without even cleaning up !
A little paint, fresh flowers, bake some cookies….ANYTHING ! Doesn’t cost
a lot but makes a huge impact !
Hello Ms. Lisa your video goes to blank white screen around 5:33. there is
audio but no video. Thank you for all your hard work……..
I’m a big fan of your videos and I have been visiting your website quite
often recently. Your strategy is definitely my gateway into REI. Keep up
the great posts and videos, you’re very informative and your story is very
motivating to newbies such as myself.
Another great video!
I am always interested to know how other investors paint their rental
homes. I use to paint my rentals with a light tan color on the walls and
white on the ceilings. However, I am currently just painting everything
white (walls and ceilings) to save time and money. It should also make
touch ups easy when tenants move out. I have been using Kilz which I pick
up at Home Depot for only 17 bucks a gallon. I have used Behr Premium and
I honestly don’t see a big difference. All white might lose some of the
coziness factor but I don’t think it really hurts the rent.
Change out dated light fixtures and old outlet covers. It such a cheap and
easy way to update the entire look of a room. Fresh paint and $10 dollar
flush mount light fixture combined with new carpet or wood floors
(refinished hardwood/or laminate) will make any bedroom look brand new. If
that same bedroom has new windows you are the landlord of the year and you
might get invited over for a Saturday afternoon picnic.
Having your rental property clean and spotless is a no brainer. I have had
prospective tenants tell me that they have looked at rental properties that
were dirty and littered with trash. Showing a dirty property is not only
rude and unprofessional but it also bad for business. What kind of decent
tenant would ever move into a filthy house? If you have a dirty house you
are no doubt going to attract a dirty tenant. Keep in mind that tenants
screen landlords just like we screen them.
Appliances are a great and easy way to upgrade the house. Depending what
is on sale I will buy either new white or stainless steel appliances.
Stainless is the best I think because it is an upgrade that almost all
people universally appreciate. I have never yet had a potential tenant
say, “damn I hate those new gleaming stainless steel appliances!” lmao…
In my area a lot of landlords won’t even provide appliances. So whose
house do you think will rent faster and attract the best tenants? Yea, I
know it is obvious right… But, I guess it’s actually not because most
landlords still are not providing any type of appliances. Sometimes if
appliances came with the house at the time of purchase and are in good
condition I will just clean them and keep them in the rental. On occasion
I will take them home and keep them in the garage so I have an extra fridge
in case one breaks down at a property. If it is a rent to own situation I
won’t provide appliances. Well, at least I have not yet.
I’m so glad you put this blog out. I was wondering why you put paint on your rentals. Loved it. That’s what I’m going to do. I know how to paint too. I love color. Blue and especially grays I love. What do you think?