The Shocking Truth About Upgrading Rental Property

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The Apartment Dealer

Күн бұрын

Пікірлер: 35

@berthaorellana5826 3 ай бұрын

Thank you for sharing. It really helps us mom and pop landlords stay in rental market

@kristophergerman1598 3 ай бұрын

My pleasure. That’s why I do these videos! Not to see my self on TV 😂

@Martin-Young 3 ай бұрын

Great video Kris! I am going through the same process! I am about 85% done with my 2nd unit apartment on a full makeover. I just got the kitchen cabinets and quartz countertop installed last week. I will be done with it soon. Yes, it's worth it to go "The Extra Mile" and get large returns at the end! Keep up the great work!

@TheApartmentDealer 3 ай бұрын

Pretty soon you will have your own channel.

@rockrecon 2 ай бұрын

Dude, top notch! Retired Marine here in North County San Diego, now realtor/property manager. Just found your channel. Great stuff! The price tag on that remodel was great! I'm curious to know how you find your contractors. That's one thing I've been struggling with is finding good contractors who care. There's plenty of work to go around.

@zenny8237 3 ай бұрын

LMAO California property and rental laws are becoming more comical by the day

@juliewilhelmi5791 3 ай бұрын

Nice!

@KenEwald-sr3ph 3 ай бұрын

Super nice. Can you tell us who did the work?

@TheApartmentDealer 3 ай бұрын

My contractor prefers not to be mentioned as he is swamped. Thanks for watching!

@KenEwald-sr3ph 3 ай бұрын

@@TheApartmentDealer lol

@genew5758 2 ай бұрын

I don't supply a refrigerator to one of my rental properties. Its better that way because I don't have to spend a ton of money on purchasing the appliance and I don't have the upkeep to worry about. In all my leases, I write tenant may use washer and dryer and landlord will not replace or repair units if they break or die.

@shareetome 3 ай бұрын

Thank you! I was told to offer 25k

@TheApartmentDealer 3 ай бұрын

Glad I could help!

@MariaFernandez-px7ts 2 ай бұрын

I updated the electrical on my whole house (New main panel, subpanel, two car chargers, outlets, switches, dimmable LED lights, etc.) The electrician did a fantastic job. However, he did not get a permit. Should I report the new electrical to the insurance company?

@r.5108 3 ай бұрын

great video

@TheApartmentDealer 3 ай бұрын

Thanks! Glad you enjoyed it!

@키로우-l3h 2 ай бұрын

Tabnks for great video. My 3 unit property is in LARSO. Can I do the same? All units have original plumbing and electrical panels. Thanks!

@kristophergerman1598 2 ай бұрын

Unfortunately you can not given the local rent control rules. You would have to do tenant buyouts. See my video on Tenant Buyouts as the guest on that show specializes in LA

@TheApartmentDealer 2 ай бұрын

Here's our video on tenant buyouts: kzbin.info/www/bejne/p6S8n5mKgLp4qbs

@fry_productions 2 ай бұрын

What do you do if there is a single tenant living in a small unit and later he or she moves in their whole family or multiple guests that is not listed on the contract?

@TheApartmentDealer 2 ай бұрын

Seek the advise of an eviction attorney

@genew5758 2 ай бұрын

What is name of the paint color you used on this property?

@kristophergerman1598 2 ай бұрын

Stonington Grey

@fry_productions 2 ай бұрын

Do you ever install tankless water heaters and do you prefer electric or natural gas appliances?

@TheApartmentDealer 2 ай бұрын

Typically gas

@manuelangeles01 2 ай бұрын

How much did you have to pay the previous tenant for cash for keys?

@TheApartmentDealer 2 ай бұрын

We didn't do cash for keys. We followed the law for evicting a tenant in order to do substantial improvements.

@manuelangeles01 2 ай бұрын

@@TheApartmentDealer Thanks. I looked up what qualifies as "substantial improvements": California Civil Code § 1946.2(b)(2)(D)(ii). “substantial modification of any structural, electrical, plumbing, or mechanical system that requires a permit from a governmental agency, or the abatement of hazardous materials, including lead-based paint, mold, or asbestos, in accordance with applicable federal, state, and local laws, that cannot be reasonably accomplished in a safe manner with the tenant in place and that requires the tenant to vacate the residential real property for at least 30 days. Cosmetic improvements alone, including painting, decorating, and minor repairs, or other work that can be performed safely without having the residential real property vacated, do not qualify as substantial rehabilitation.”

@manuelangeles01 2 ай бұрын

@@TheApartmentDealer What was the size of the unit? Budget was $47,850 That unit looks like it is 700sqft. Which equates to $68/sqft. Is $68/sqft a good basis to use when estimating the costs to renovate a unit in a multifamily property?