9 'Bulletproof' Rental Property Improvements

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  • เผยแพร่เมื่อ 7 มิ.ย. 2024
  • Rental property improvements come in all shapes and sizes. While some landlords rave about getting the best deals in town, other landlords focus on a higher upfront cost that leads to less wear and tear from a tenant (and less headache for the landlord). Before you buy your next property, add these nine ‘bulletproof’ rental property improvements to your rehab list.
    James Dainard, expert flipper and owner of over five hundred rentals, has used these upgrades to make his life far easier. These simple upgrades allowed James to scale quickly since he wasn’t spending every day trying to fix a faucet he bought from a 50%-off online retailer. James harps on using high-quality, durable, easily-replaceable fixtures and materials so you can focus more on acquisition, and less on time-intensive repairs and replacements.
    What are the go-to fixtures and materials you put in your rentals? Are you a carpet or LVP type investor? Let us know in the comments below!
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    0:00 Bulletproof Your Rental Property
    1:27 Top Rental Property Fixes
    01:31 1. Flooring
    3:04 2. Plumbing Fixtures
    04:19 3. Painting
    05:53 4. Avoid Exterior Wood
    05:27 5. Grout and Seal Correctly
    05:48 6. Tub Surrounds
    06:19 7. Stay Consistent on Surfaces
    06:48 8. Install Anti-Freeze Spigots
    07:12 9. Keep Landscaping Under Control
    07:47 Start Thinking of Scalability
    08:38 On-Site Walkthrough of "Bulletproof" Upgrades

ความคิดเห็น • 330

  • @joeverna5459
    @joeverna5459 2 ปีที่แล้ว +171

    Landlord of 30 yrs. Use high quality fixtures. Don't paint all the walls white. I mixed in a nice yellow on some walls and white walls with white trim. An easy way to update a room is change the ceiling fans and light fixtures. Makes things look current and in style. I had a budget of $750 per year for upgrades. Also, screen your own tenants. Don't use a manager to do it. They really don't care about your investment. One bad tenant can cost thousands trying to get them out. I only had one bad tenant in 30 years. Also, I set up a separate checking account where the tenant deposited directly into my account. I could see exactly when they made the deposit. I also picked s bank near the property to make it easy
    Remember they are your customers. Keep them happy and they will stay and have less turnover. Turnover is costly so I charged just below current rates. Made people think twice about moving out.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +10

      Sounds like you have your processes down!

    • @addomans2088
      @addomans2088 2 ปีที่แล้ว +8

      If only all land lords thought like this!

    • @mariabelton9415
      @mariabelton9415 2 ปีที่แล้ว +1

      @ Joe Verna where do you screen future tenants?

    • @maxlisk80
      @maxlisk80 2 ปีที่แล้ว +8

      a smart manager will care. No rent, no management fee, plus risk of getting fired/sued. I take care of others homes same as I do of my own.

    • @ChrisMcDonald321
      @ChrisMcDonald321 2 ปีที่แล้ว

      @joe verna Very good idea with having the rent getting deposited directly to the bank.…. I’m just curious how do you prevent them from just taking money out such as them simply using the account # and routing number to make a purchase online or something like that?

  • @user-nh4tm6hh4j
    @user-nh4tm6hh4j 2 ปีที่แล้ว +95

    I've been a landlord for over 30 years. He's right on this stuff and it's all pretty common knowledge in the industry but I will give you two words that are FAR more important than any of this stuff.
    Quality Tenants.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      Thank you!

    • @roundedges2
      @roundedges2 2 ปีที่แล้ว +1

      YEP! Trouble is, they're like 1 in 10 at least!

    • @jimmyday9536
      @jimmyday9536 2 ปีที่แล้ว +3

      Also, Bullet-proof lease!

    • @jeebuskryst9388
      @jeebuskryst9388 2 ปีที่แล้ว

      Parasite for over 30 years. I hope it all burns.

    • @whocares6299
      @whocares6299 ปีที่แล้ว +1

      section 8's o_o

  • @evankraljic7985
    @evankraljic7985 2 ปีที่แล้ว +175

    Sorry, but just gotta call something out on the painting recommendations. Satin/semigloss paint is more durable/washable than a flat paint, but it is NOT easier to touch up. That is actually one of the benefits of a flat paint, because of the lower sheen it is easier to touch up and not notice as much of a difference with the previous coat of paint. And it covers imperfections in the wall better. I go with eggshell on my walls since most of my rentals are plaster which isn't in pristine condition. If I had a place with all new drywall I'd consider satin though. Semigloss on the trim though.

    • @racerx9223
      @racerx9223 2 ปีที่แล้ว +13

      Yep, semi on the trimmy, flat ceilings and eggshell or satin walls depending on surface and conditions!

    • @VellumOrchid
      @VellumOrchid 2 ปีที่แล้ว +1

      Agree!

    • @jorge3234
      @jorge3234 2 ปีที่แล้ว +11

      You can tell he pays someone to paint his houses. You’re right flat is pretty easy to touch up

    • @yonmoore
      @yonmoore 2 ปีที่แล้ว +3

      Yea, I've had issues trying to get flat paint to look good on a flat ceiling. And that was as a licensed painting contractor. Now, for my rentals I do 2-tone paint wherever possible (same color/sheen on walls and ceiling) and avoid ceilings that aren't textured. In fact I try to avoid smooth walls and ceilings altogether. The holysmooth texture looks nice and hides a lot of dings and imperfections almost magically.

    • @angelt3004
      @angelt3004 2 ปีที่แล้ว

      Evan, you are 100% right

  • @natejones1376
    @natejones1376 2 ปีที่แล้ว +15

    I love this school of thought! Being cheap works at first but eventually catches up with you. You can be budget conscious while still having a quality property.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      You pay for it regardless!

  • @fernm1061
    @fernm1061 2 ปีที่แล้ว +27

    oh wow this channel does give practical tips on landlording and not just ' make millions with zero dollars' books

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      It’s all in the details!

  • @Speckz513
    @Speckz513 2 ปีที่แล้ว +1

    Great, straight to the point video of things that make sense. I'll watch more from this channel.

  • @alvinanderson7124
    @alvinanderson7124 2 ปีที่แล้ว +3

    These are the BEST tips for my rental property. I’m starting rehab next month and I will be implementing your strategies! Thanks please do more of these quick videos.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks Alvin! Good luck!

  • @nitanice
    @nitanice 2 ปีที่แล้ว +3

    Sounds like great advice for homeowners as well. Thanks for the video!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Works for all property owners!

  • @johndorsch8693
    @johndorsch8693 2 ปีที่แล้ว +1

    Great Vid! I like the fact you are concentrating on cash flow by eliminating future costs. People use all the formulas and tricks to come up with good rentals but cash flow is my go-to. Cash is king!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks John!!

  • @Josh-ii1eq
    @Josh-ii1eq 2 ปีที่แล้ว +1

    One of the best videos on the internet when it comes to real estate. 1st property is almost paid off in which I plan on putting in new flooring and renting it out...thank you.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks josh!!

  • @nevido84
    @nevido84 15 วันที่ผ่านมา

    such great content, thx James

  • @parler8698
    @parler8698 ปีที่แล้ว +1

    Best advice from BP. This guy is amazing.

    • @ProjectRE
      @ProjectRE ปีที่แล้ว

      Thank you!!!!

  • @LivvyLiv214
    @LivvyLiv214 2 ปีที่แล้ว +1

    Gold in this video! Great explanations. Thanks

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks Olivia!

  • @InspiredInvestor
    @InspiredInvestor 2 ปีที่แล้ว

    Super Helpful!
    Thank you guys for sharing this
    Always looking to improve the rental portfolio stability

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      We all have to share the knowledge wealth.

  • @dweidemann
    @dweidemann 2 ปีที่แล้ว +6

    Great tips - I wasn’t aware of the frost proof spigots, gonna use that on my own house.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      I learned it the hard way one winter! They cost a little more but are great.

    • @woolengrappler
      @woolengrappler 2 ปีที่แล้ว +1

      I’m actually planning to shut my spigots off today. I think I’ll consider going with frost proof ones.

  • @traceyjackson4162
    @traceyjackson4162 2 ปีที่แล้ว +1

    This was fantastic. Thank you.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks Tracy!

  • @kristinolan7240
    @kristinolan7240 2 ปีที่แล้ว

    Excellent tips!! Thank you!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks Kristi!

  • @sunsettreasurehunters2085
    @sunsettreasurehunters2085 2 ปีที่แล้ว +1

    Great useful info! Thanks J

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks!!!!

  • @juliochaparro4188
    @juliochaparro4188 2 ปีที่แล้ว

    Excellent video, thank you!!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks Julio!!

  • @patrickmelson4745
    @patrickmelson4745 2 ปีที่แล้ว

    I like the glue down plank strips. Many apartments are using them. No clicking out to replace one. Just peel up and re stick.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Agreed! Only negative is the glue costs have spiked

  • @petergriffin3127
    @petergriffin3127 ปีที่แล้ว

    Great video!

  • @michaelterrace8692
    @michaelterrace8692 2 ปีที่แล้ว +6

    Everyone seems to be using LVP lately. I use wide-plank pine for floors. It goes down fast compared to other smaller boards, it has flex and will bend to the contour of an uneven or sagging floor, it’s relatively cheap, prospective tenants love the look and if it’s a small unit, a natural finish makes the space feel bigger, and if it gets damaged…a little sanding and fresh poly usually get the job done. Oh, and it lasts forever. My first property was over 150 years old and had original floors. They were shot, so I went over them with new subfloor and sound-proofing underlay. I probably could have pulled up the boards and reuse the old, but they were just over $1/sq ft at the time (20 years ago). Maintenance only involved abrading the floor and putting fresh polyurethane down.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Got to do what works for you! Lvp is good to prevent water intrusion and buckling.

    • @Bmwguy2011
      @Bmwguy2011 2 ปีที่แล้ว +1

      This notion of LVP being waterproof is untrue. Any pipe burst or flood destroys phony wood floors as well as real ones. The water seaps underneath the material and becomes heavy mold, requiring the whole floor to be thrown out. Wood? It breaths. Sometimes you can get by with it getting damp. Even if it potato chips some, it can be sanded hard and even if warped is still often viable snd nice looking.

  • @bennybronco76
    @bennybronco76 2 ปีที่แล้ว

    Once again great information you guys

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks Benny!

  • @irlGeorge
    @irlGeorge 2 ปีที่แล้ว +5

    This is great information. Thank you for sharing! I made the mistake of allowing my "handy" tenants to make repairs and upgrades with little to no oversight while I traveled... they absolutely destroyed some features of the house: garage door, outlets, baseboards, carpet, faucets, showers.... I quickly learned that when a tenant says they are "handy" you should really verify if that is the case, and require approval before anything is "fixed" or "upgraded"

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      I’ve been in that situation before too, it’s great until it’s not.

    • @davidlindgren9735
      @davidlindgren9735 2 ปีที่แล้ว +2

      yeah, and never allow them to ''trade work for rent," because somehow, the amount they think is fair compensation is curiously just about the same as the rent they owe!!

    • @denisescally7090
      @denisescally7090 2 ปีที่แล้ว

      For me now, the minute an applicant says they are handy...It's a NO! 😂

  • @jenniferasalcedo
    @jenniferasalcedo 2 ปีที่แล้ว +1

    This episode was great

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks j!

  • @nickludwiczak1166
    @nickludwiczak1166 2 ปีที่แล้ว

    Thanks.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      🙏🏻

  • @geoffl
    @geoffl 2 ปีที่แล้ว

    amazing
    thanks for this info!

  • @ProjectRE
    @ProjectRE 2 ปีที่แล้ว +19

    Thanks for tuning in BiggerPockets viewers~ James here! 🖐 I hope this video helps you in making your Rentals less of a headache! Let me know if you have any questions 📢

    • @mistysimek6682
      @mistysimek6682 2 ปีที่แล้ว +2

      On grout the new high performance poly and epoxy grouts kick ass and never have to get sealed. The price of them is the same has a good quality sealer snd cement grout. I like laticrete spectralock for my showers. No one ever keeps up on the sealing maintenance

    • @L__F2
      @L__F2 2 ปีที่แล้ว +1

      Can you give us a link to that exterior synthetic plastic overlay for the flooring deck, thanks for these tips!

  • @ronkeobaro1647
    @ronkeobaro1647 2 ปีที่แล้ว

    Thx!

  • @jgg204
    @jgg204 ปีที่แล้ว +1

    Sherwin Williams Property Solutions Eg-Shel for everything. All same color. No cut-ins required

  • @thomaslibbey5694
    @thomaslibbey5694 2 ปีที่แล้ว

    Love your videos! Current LC here at a luxury high rise in Pentagon City. I have learned more in your videos than in the one year of employment at a major REIT.
    Thank you.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks Thonas!!!

  • @bryancavellier8957
    @bryancavellier8957 2 ปีที่แล้ว +2

    Most of this is good advice, even though some are very "class" dependent.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +3

      Agreed! But general concept is not to go to cheap and pay for it later.

    • @workingshlub8861
      @workingshlub8861 2 ปีที่แล้ว +1

      i disagree on the tub surround....i think they look cheap....yea tile is more expensive up front but a quality tile job can last 30 years easily with upkeep and a steel tub can last basically forever..

  • @Mike-le6ed
    @Mike-le6ed 2 ปีที่แล้ว

    I painted one of mines' tub, it was pink. Its been 3 years, thing still looks great.

    • @johnbehling1142
      @johnbehling1142 9 หลายเดือนก่อน

      What did you paint it with? I have a bathroom with pink tile (think Barbie Dream House) that I am reluctant to replace because it will likely involve drywall damage in the process. Hoping for a better (more economical) solution.

  • @daytonandersen361
    @daytonandersen361 2 ปีที่แล้ว +7

    1.) Flooring
    2.) Plumbing
    3.) Roofing
    4.) Painting
    5.) Avoid wood fixtures
    6.) Roofing
    7.) solid surfaces
    8.) Seal surfaces
    9.) Keep landscaping undercontrol
    10.) Think of scalability scaling
    P.s your awesome God Loves You!!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      🙏🏻

    • @WeegeeXCV
      @WeegeeXCV ปีที่แล้ว

      God loves us!!

  • @philmarsh7723
    @philmarsh7723 2 ปีที่แล้ว

    I agree! Cheap ain't low cost!

  • @mikeprevitera5839
    @mikeprevitera5839 8 หลายเดือนก่อน

    Here in Tennessee grass growing right up to the foundation is the cheapest landscaping. No trees, no shrubs, no anything just grass.

  • @AC-qo8oq
    @AC-qo8oq 2 ปีที่แล้ว +2

    I made the faucet mistake. That plumber charge taught me. I wish you liked your favorite faucets or tiles. I also checked out by putting carpet in the bedrooms. I’ll have to replace it in a few years, even though I have had good tenets. It was only a 2k additional cost and now I have to re-do it eventually. You live and you learn.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      You pay for it eventually! Thanks AC!

    • @dickhertz8103
      @dickhertz8103 2 ปีที่แล้ว +2

      Go with LVP (glue down / NOT Float) throughout whole house! Its modern, cheap, durable, and easy to take care of.

    • @davidlindgren9735
      @davidlindgren9735 2 ปีที่แล้ว

      @@dickhertz8103 why do you like glue down more than float?

    • @dickhertz8103
      @dickhertz8103 2 ปีที่แล้ว +2

      @@davidlindgren9735 Water is not going to get under them and the "hollow floor" feel due to air pockets underneath is also eliminated. Glue down is common in commercial floor application because of the longevity. Supermarkets, office buildings, hospitals etc have these type floors installed for several reasons and by now it should be known why the reasons are obvious!

  • @Bmwguy2011
    @Bmwguy2011 2 ปีที่แล้ว +1

    I switched to Hans grohe bath faucets and am saving overall. Even reliable delta and moens invariably either break, go wobbly, or need new washers.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      HG makes great product! Their body sprayer kits for our fix and flip projects are great value.

  • @TheKlurati
    @TheKlurati 2 ปีที่แล้ว

    kudo you got it

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks Katia!

  • @tommydavis8993
    @tommydavis8993 ปีที่แล้ว

    Luxury Vinil Planks

  • @mitchhurd6492
    @mitchhurd6492 ปีที่แล้ว +2

    Mitch the plumber here.
    Antifreeze spigots are a waste of time. If they're not graded properly or the Tennant leave the hose attached they still freeze and eventually break when the steel gets thinner.
    Not only are these higher end fixtures more expensive but they're also more difficult to replace than a standard hose bibb.....
    But that's just my opinion ;)

    • @ProjectRE
      @ProjectRE ปีที่แล้ว

      Great 2 cents!

    • @marshacollins9986
      @marshacollins9986 ปีที่แล้ว

      You are correct. Learned this the hard way this spring… it is as installed without the proper angle. Now it won’t work and it’s in such a tight spot I can’t get to it. Argh!

  • @TMTTucker
    @TMTTucker 2 ปีที่แล้ว +1

    What are your #5 and #6? They got cut out or mislabeled. Please advise. Thanks!

  • @ericaleverson9430
    @ericaleverson9430 ปีที่แล้ว

    Do you have a recommend brand for the one piece bath tub combo?

  • @peterjanis2455
    @peterjanis2455 2 ปีที่แล้ว +23

    Nah the "wrench" isnt putting in the wrong materials its putting in the wrong tenants

    • @talawoods25
      @talawoods25 2 ปีที่แล้ว +1

      BOOM💥

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      Very solid point! Good screening will also help!

    • @workingshlub8861
      @workingshlub8861 2 ปีที่แล้ว +1

      amen to that..

    • @marshallforeman2051
      @marshallforeman2051 2 ปีที่แล้ว +2

      Screen the hell out of new tenants lessing a lot of problems

    • @alanswanson1952
      @alanswanson1952 2 ปีที่แล้ว +2

      Yep an empty unit is better than one with a bad Tennant.

  • @TheKlurati
    @TheKlurati 2 ปีที่แล้ว

    correct

  • @Ditronus.
    @Ditronus. 2 ปีที่แล้ว

    I've heard, and also just from my experience of having an all-tile downstairs as a primary residence, that sealant on grout or things like granite counter tops wear down within half a year easily. Personally, I hate grout now as sealing is time-consuming and expensive, and the benefits only last half a year.
    Maintaining sealant in ~500 units biannually sounds like a nightmare. Appreciate your advice, tho. Had a rental flood so now water damage scares the crap out of me.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      Sealing helps. I agree with the low maint aspect. One reason we also do tile is the product that we own, we want a little higher end finishes for our prime location rentals.

  • @mascaretllcmanager7481
    @mascaretllcmanager7481 2 ปีที่แล้ว +2

    Porcelain tile is more bullet proof vs LVT. Tenant can always add rug if they are looking for some warmth.

    • @dickhertz8103
      @dickhertz8103 2 ปีที่แล้ว

      Stay away of anything that needs grout! Go with LVP but install the glued down version versus the float!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Tile tends to be a lot more to install and it reduces maintence for resealing the grout line.

    • @mascaretllcmanager7481
      @mascaretllcmanager7481 ปีที่แล้ว

      not sure, but there is a question if this presenter ever tried to remove/ replace any LVP

  • @carmenlombere2529
    @carmenlombere2529 11 หลายเดือนก่อน

    which LVP do you buy we were looking at LVP from home depot its about 3.67 .more than you pay

  • @thisismagacountry1318
    @thisismagacountry1318 2 ปีที่แล้ว +1

    Don't forget the Chuck Berry Cams.

  • @Truegrit-uv2jd
    @Truegrit-uv2jd 2 ปีที่แล้ว +1

    I need to get your plumbers name. $30 to have a faucet installed is a steal.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      It takes them about 20 mins! That’s $90 a hour! Go hourly if your paying more.

  • @mastersparkyful
    @mastersparkyful 2 ปีที่แล้ว

    A bath faucet that moves like that is an invitation to running water over the counter top and onto the floor. May need to tighten the lock ring.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Good eye!

  • @Trenttabor
    @Trenttabor 2 ปีที่แล้ว +30

    What plumber do you know charges 30-50 an hour? More like 100/hr

    • @michaeldavid2320
      @michaeldavid2320 2 ปีที่แล้ว

      Real plumbers are $100. A lot of property owners use the $50 an hour guys. The kinda guys that cut corners and just patch. They are also the kinda guys that a lot of property owners want...

    • @samtx5518
      @samtx5518 2 ปีที่แล้ว

      Minimum $100.00

    • @workingshlub8861
      @workingshlub8861 2 ปีที่แล้ว +1

      50$ an hour plumber??? did we go back in time 20 years??

    • @joeverna5459
      @joeverna5459 2 ปีที่แล้ว

      That $30-50 is for a general maintenance guy.

    • @dickhertz8103
      @dickhertz8103 2 ปีที่แล้ว +1

      Even these landscape companies charging an arm and leg for a few hours work. $400 to trim a few trees and done in an hour...I tell them to take a hike or $100 and a few bottle of water!

  • @house2homeplus511
    @house2homeplus511 2 ปีที่แล้ว

    A lot of people from u.s buying airbnb i exuma bahamas...great return on investment

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Definitely a trend right now!

  • @ThanhTran-qq6xm
    @ThanhTran-qq6xm 2 ปีที่แล้ว +1

    James, always great tips and advices. I have two questions regarding finishes and maintenance. Have you notice your rental with black finishes start to peel off or wear off? Secondly, I can’t come to a decision to either require my tenants that it’s their responsibility to change their furnace filters or continue to let my handy man come on a time scheduled usually every two months to change the furnace filter. I would like to keep my mechanicals run smooth and have a long life.

    • @soulman888
      @soulman888 2 ปีที่แล้ว

      Two great questions: ...following.
      I'm thinking get it done yourself with your handyman or management... OR I do have tenants that I may trust to do this sort of thing and take me photos for a small discount.

    • @larrymoore6640
      @larrymoore6640 2 ปีที่แล้ว +1

      We require our tenants to change the filters stated in their lease. We will do a quick check as part of any inspection.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      We usually stick with brushed nickel finishes because they always stay in style and I do think they show less wear and tear vs black or even chrome.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      I like to do my mechanical services. Every 2 months seems like a lot of service. How dirty is it when your changing it?

    • @ThanhTran-qq6xm
      @ThanhTran-qq6xm 2 ปีที่แล้ว

      @@ProjectRE James, okay I have started to use brushed nickel too because all of my black finishes are starting to wear off on fixtures. I used to do it every 3 months , but my HVAC contractor advised to change it every two months. I live in Chicago btw if it makes a difference.

  • @workingshlub8861
    @workingshlub8861 2 ปีที่แล้ว +1

    landlord of 20 years here....he is 100% right on target....spend the extra for good faucets.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thank you!

  • @robertashley7104
    @robertashley7104 ปีที่แล้ว +1

    have you ever glazed tubs and tiles? If so how did that work out for you?

    • @ProjectRE
      @ProjectRE ปีที่แล้ว

      I have! You need to hire the right company so it lasts. It is expensive for a good guy. Typically we like to replace because it handles wear and tear better.

  • @carlosh448
    @carlosh448 ปีที่แล้ว +2

    What about tile for flooring? Any good brands out there

    • @ProjectRE
      @ProjectRE ปีที่แล้ว

      Tile is good, but is more expensive and has grout maint.

  • @jenadeen
    @jenadeen 2 ปีที่แล้ว +9

    If a tenant is long term, Security deposit should not be used for carpet. That is your responsibility.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +2

      I don’t dispute that - but it’s what’s in the lease, but we don’t have to worry about it because we don’t do carpet!

    • @davidlindgren9735
      @davidlindgren9735 2 ปีที่แล้ว +2

      @@ProjectRE bull crap. Show me any lease that says tenant is responsible for normal wear and tear of a carpet,and if it does, a judge won't allow it if the tenant sues the landlord for improperly using a security deposit to pay for wear. If it's damage, that's another story.

    • @user-lo8st6dv1i
      @user-lo8st6dv1i 2 หลายเดือนก่อน

      A tenant placing a large burn 🔥 in carpet isn't normal wear and tear.

  • @sam10818
    @sam10818 2 ปีที่แล้ว +1

    Is it good idea to keep one LLC for all the rental properties or multiple LLCs? Example one LLC for couple of properties and so on

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      We do 1 LLC unless it’s a syndication deal or if we bring in another partner. Most asset guys will suggest multiple to isolate each property.

    • @janetgreen7005
      @janetgreen7005 2 ปีที่แล้ว

      @@ProjectRE I understand One LLC for each state you have property in, I don’t think you can span multiple states with one LLC

  • @jenniferspisak
    @jenniferspisak 7 หลายเดือนก่อน

    I wish he would’ve addressed Window coverings

  • @BatistaInvests
    @BatistaInvests ปีที่แล้ว +1

    Hey James, what has changed in the marketplace in terms of new durable products to use since publishing this video?

    • @ProjectRE
      @ProjectRE ปีที่แล้ว

      Changes every month with supply chain issues! But still the same concept, buy durable.

  • @RealEstateByAlly
    @RealEstateByAlly 2 ปีที่แล้ว

    What is the best countertop for a rental property a SFH average rent $34300-$3500 ? Thanks

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      I look for quartz remnants and close out!

  • @sangkang6294
    @sangkang6294 2 ปีที่แล้ว +2

    Use a common paint meaning you stick with one color and brand that you can remember through the life of the property. You'd be amazed how many "bone white" exist for every paint company has their own formula and they don't match 100%.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      Yes - same color and manufacture, color matching doesn’t work!

  • @phil1954
    @phil1954 2 ปีที่แล้ว

    What about eggshell paint?

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Eggshell paint can also help prevent wear and tear

  • @keithsapp6066
    @keithsapp6066 2 ปีที่แล้ว

    The poured concrete walls lasted for a while but obviously had to put the half inch plate steel over them to hide the damage

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Hey Keith! Not following this? Hide damage?

    • @keithsapp6066
      @keithsapp6066 2 ปีที่แล้ว

      @@ProjectRE the Damage Done to the concrete wall

  • @alanswanson1952
    @alanswanson1952 2 ปีที่แล้ว

    Only put the water proof flooring in wet areas, also have at least a 4x4 tile section at the entry and give them a welcome mat no need for expensive flooring in bedrooms.

    • @dickhertz8103
      @dickhertz8103 2 ปีที่แล้ว +1

      Those 4x4 entry tiled sections are a site for sore eyes and certainly a thing of the past. Go with the same flooring right up to the door...trust me on this one!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Have to do what works for you!

  • @dannykent6190
    @dannykent6190 2 ปีที่แล้ว +22

    I think the advice in here is mostly good... I will say I've personally replaced way more "expensive" door handles than cheap ones. But that may be a fluke thing.
    My only major concern is how frequently you seem to be bringing up security deposits "not covering" replacement of carpet or paint. Please don't put the idea in landlord's heads that they should be reclaiming security deposits for normal wear and tear. If someone lives in your apt for any length of time, you're probably going to have touch some things up. That's no reason to keep a deposit.

    • @racerx9223
      @racerx9223 2 ปีที่แล้ว +3

      Right, there's a thing called fairness, not being a D, and realizing that time ages, temperature change and humidity do too. However, I don't expect people walking allover everything repeatedly and touching/rubbing and bumping into surfaces shouldn't have any effect at all, no matter if they're there 20 years... Just joking, as long as there isn't obvious destructive behavior and/or huge messes I would be grateful!

    • @geoffl
      @geoffl 2 ปีที่แล้ว +2

      sure, just price the depreciation into your rent
      and consider it when building your model before you buy

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      The major name brands have pretty durable products.

    • @MrZjOnEz110909
      @MrZjOnEz110909 2 ปีที่แล้ว

      thank you 😘

    • @workingshlub8861
      @workingshlub8861 2 ปีที่แล้ว

      i dont even bother with security deposits anymore....always turns into a battle....i just tighten my screening process that much more and do rental increases when needed..

  • @dhowto3005
    @dhowto3005 2 ปีที่แล้ว +3

    This is really good information.
    I put brand new carpet into one of my rentals in 2018 prior to the current tenant moving in.
    He literally called me Tuesday & asked if he could put new carpet in because his grand children I am assuming must have stained the carpet.
    Maybe I will look into the luxury vinyl flooring you mentioned instead of carpet.
    This rental is two story. Is it idea to put luxury vinyl flooring on the stairs too or do you use carpet?

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +2

      Carpet is nice because it’s affordable and often times can clean up - but after a few years it can needed to be swapped out. The LVP has been really helpful on our apartment turns so we can release quicker and save the damage deposit amount to apply towards different issues of the tennet is rougher on it.

    • @dickhertz8103
      @dickhertz8103 2 ปีที่แล้ว +1

      NO CARPETING...It's a PITA and costly to replace every couple years or months in some cases!!!

    • @dhowto3005
      @dhowto3005 2 ปีที่แล้ว

      @@ProjectRE Thank you for your response. I will look into adding LVP into this house my tenants is renting.

  • @luvthisoldhome
    @luvthisoldhome 2 ปีที่แล้ว

    What are you using for countertops?

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      Quartz and granite.

    • @luvthisoldhome
      @luvthisoldhome 2 ปีที่แล้ว

      @@ProjectRE no preference for one over the other? Average cost?

  • @rickwu5272
    @rickwu5272 2 ปีที่แล้ว +1

    The tile in the bathroom wall is not staggered😂

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Sealed is the important part, you want to prevent water damage

  • @dobbiewilson67
    @dobbiewilson67 2 ปีที่แล้ว

    This is awesome. I'll pay you to do this for me

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      We’re for hire in WA state!

  • @yonmoore
    @yonmoore 2 ปีที่แล้ว +3

    Unfortunately I've had to learn the hard way with flooring. Now I don't touch anything that's not 100% waterproof and I don't even bother with carpet

    • @nova31337
      @nova31337 2 ปีที่แล้ว

      I'm about to rent out my first house that I moved out of and had to go with carpet because of initial costs. Totally going to replace it with LVP after the first tenant turnover, so that I've had some time to save up cash from the rental income. Already onboard with the better faucets, door locks and handles.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Agreed!

    • @workingshlub8861
      @workingshlub8861 2 ปีที่แล้ว

      i have those carpet tiles in some of the living rooms in my units.....pull up the stained piece throw another one down....i tend to get families with the kids wreaking havoc on everything.....ill never do wall to wall carpets again..

    • @dickhertz8103
      @dickhertz8103 2 ปีที่แล้ว +1

      @@nova31337 STICK to your plan...that's the way to do it!!! Bravo!!!

  • @maxlisk80
    @maxlisk80 2 ปีที่แล้ว +1

    even if it did cover the cost, legally you have to depreciate the carpet, so if it's an older carpet but in good shape and tenant kills it, you can only charge a small portion of what you paid back in the day. Even more reason to stay away. Even though many people do prefer carpet in bedrooms.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      I’m a no carpet guy, keeps it cleaner.

    • @jimmyday9536
      @jimmyday9536 2 ปีที่แล้ว +1

      😆. LOL. No landlord in his right mind "depreciates" carpet!

    • @janetgreen7005
      @janetgreen7005 2 ปีที่แล้ว

      @@jimmyday9536 you can only deduct a percentage of 5 year deductible life span of carpet based on time occupied. Same goes for paint, (7 years) and drapes (5 years)if you have in Lux rentals

  • @scottnra
    @scottnra 2 ปีที่แล้ว +1

    I'd be scared of a $50/hr plumber here! That's about 1/2 the going rate in most of VA unless you are hiring low quality people. All the more reason to spring for better fixtures.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      As long as we’re not using big companies we can find them for that rate. We tend to use more one man shops.

  • @toneciocci
    @toneciocci 2 ปีที่แล้ว +2

    Where are you finding $30-$40 quality faucets?

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +2

      Furgusons plumbing supply! Builder account

  • @jaymaster225
    @jaymaster225 2 ปีที่แล้ว

    Is water resistant lvp any good?

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      That’s what I put in!

    • @dickhertz8103
      @dickhertz8103 2 ปีที่แล้ว +1

      ALL VINYL is water resistant..that term is used as a sales tactic! Get the Glued Down version (NEVER the FLOAT) and YES ITS GOOD!!!

    • @jaymaster225
      @jaymaster225 2 ปีที่แล้ว

      @@dickhertz8103 thanks

  • @Krazie-Ivan
    @Krazie-Ivan 2 ปีที่แล้ว

    pretty good info here, tho i think paint is cheap/quick when you roll a light cover-coat (gloss walls look bad, imo)... and a natural looking quality tile floor will easily outlast these clicky floors that sound hollow to walk over & are still affected by moisture. the two biggest keys for myself have been: 1-no renting to people you know, 2-incentivise (carrot) on-time monthly payment (keep penalties [stick], but make incentive big enough & focus on it).
    my biggest disappointment here is your 500 home portfolio. most of us want the same thing you mentioned; to retire on passive income -and that doesn't take a massive portfolio. there's a worldwide issue of financial accessibility in the housing market, caused by a number of things, & greed investing is part of that. hope everyone, incl James here, finds a healthy balance they can take personal pride in, instead of pressing for endless Jones'-ism. people who continually strive to be better are impressive, opulence is FAR LESS so.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +1

      Good feed back. It’s 500 doors, not homes. To be fair, we buy the heavy lifting major construction projects that the masses don’t want. It’s usually 2 years to stabilize them. We take the left overs, someone has too!

    • @Krazie-Ivan
      @Krazie-Ivan 2 ปีที่แล้ว +1

      @@ProjectRE ...right-on man, appreciate taking the time to read & respond. best of luck :)

  • @duneme
    @duneme 2 ปีที่แล้ว +1

    I have Palm Trees in the backyard of one of my Rentals!
    I have to monthly trim them and I wear gloves! Towards the middle of the tree they are like spikes!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Is it worth taking down?

    • @rolando4812
      @rolando4812 2 ปีที่แล้ว +1

      Monthly trim? Thank you, noted. No palm trees

    • @duneme
      @duneme 2 ปีที่แล้ว

      It’s giving me an excuse to check up on my investment!

  • @toneciocci
    @toneciocci 2 ปีที่แล้ว +1

    Where you finding $2/SQ ft lvp?

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Home Depot, lumber liquidators, often times you can get clearance for less than $2psf. We just bought some for $80 cents!

    • @toneciocci
      @toneciocci 2 ปีที่แล้ว

      @@ProjectRE I'll check lumber liquidators. Cheapest I found at the big box stores was $2.50. sometimes $2 but then it's usually junk and breaks apart during install. Thanks for the info!

  • @fredburdine5410
    @fredburdine5410 2 ปีที่แล้ว

    Tell me Sam Vine's Boots Theory of Wealth without saying Sam Vine's Boots Theory of Wealth.
    Jokes aside, good stuff!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Thanks Fred!

  • @ryankelly5308
    @ryankelly5308 2 ปีที่แล้ว +1

    Question for this audience. For those of you that are longtime rental property owners, how many of you use 3rd party management vs manage yourself?

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +2

      We manage ourselves. But if I wasn’t a full time operator I would hire out.

    • @byeshua2533
      @byeshua2533 2 ปีที่แล้ว

      Self

    • @mapuche888
      @mapuche888 2 ปีที่แล้ว

      PM... I am a lousy manager and I love my PMs. They're the best... Professional, hard working, honest and they really look out for my interest. Additionally, I'd rather be doing something else like travel, enjoy my family, pursue avocations rather than screen tenants and deal with maintenance

  • @MyWillbot
    @MyWillbot 2 ปีที่แล้ว

    Were we supposed to watch another video to get numbers 5 & 6? I think it just skips from 4 to 7....Maybe those are the most important. Hmmm??

  • @davidlindgren9735
    @davidlindgren9735 2 ปีที่แล้ว

    "my maintenance guy."

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      A few of them now of days…

  • @Mike-le6ed
    @Mike-le6ed 2 ปีที่แล้ว

    30 / 50 per hour plumber.....you are a good shopper

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      📱 dialing for rollers!

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      And we pay them $50 a fixture which is less than a hour (typically).

  • @kydo97
    @kydo97 2 ปีที่แล้ว

    concrete slab, baby. put your own rug if you want it.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Love it! Durability!

  • @Ghostmotivation07
    @Ghostmotivation07 2 ปีที่แล้ว

    What happened to the “Gold video” that was great info why did it get taken down? I was right in the middle of that bad boy! Lol

  • @djgainsbond
    @djgainsbond 2 ปีที่แล้ว

    What's up guys, this is James. Where was that 😕 :)

  • @juliusware
    @juliusware 2 ปีที่แล้ว +3

    Being cheap is expensive

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      It can be!

  • @WhateverItsanOpinion
    @WhateverItsanOpinion 2 ปีที่แล้ว +5

    Never rent to anyone with less than 5 years simultaneous job experience.. never rent to less than 680 credit score.. Never rent to people who need roommates.. Never rent to anyone that has a dog.. never rent to a family with more than 2 kids.. If you live by this your rental property will stay nice. I have been doing this for 18 years

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      All good rules of thumbs!

    • @byeshua2533
      @byeshua2533 2 ปีที่แล้ว +3

      So not true.

    • @mapuche888
      @mapuche888 2 ปีที่แล้ว +1

      A new grad with a Stem degree v a 6 year grocery store clerk? Agree with the credit score. My tenants with dogs pay a dog fee and do what they have to in order to not move so very stable. More than 2 kids? Depends on the parents and the kids.

    • @WhateverItsanOpinion
      @WhateverItsanOpinion 2 ปีที่แล้ว +1

      @@mapuche888 there is NO way to know what type of parents and kids they have.. NEVER rent to friends. I learned that the hard way.

  • @twsinc7662
    @twsinc7662 2 ปีที่แล้ว

    "Vinyl"

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Always a great option!

  • @MrNanah38
    @MrNanah38 2 ปีที่แล้ว

    You are saying not to go with flat paint, but if your walls are not perfect a flat paint is the only way to go because they don't show imperfections.

    • @rolando4812
      @rolando4812 2 ปีที่แล้ว

      Flat pain and putting a light texture on walls helps with this as well.

    • @workingshlub8861
      @workingshlub8861 2 ปีที่แล้ว

      in my view flat does not look good on a wall.....go with eggshell .....always semi gloss in bathrooms.

    • @da324
      @da324 2 ปีที่แล้ว

      @@workingshlub8861 I painted for 12 yrs and I agree with the bathroom, but everywhere else flat paint on walls looks great with a gloss, semi gloss, or eggshell trim. It's all about contrast, flat walls and shiny trim is a better contrast for me. If walls have imperfections, hands down flat covers those best.

  • @mp-xt2rg
    @mp-xt2rg ปีที่แล้ว

    Who put in that bathtub? It's going to fail. The tile goes over that lip... It's going to leak right into the wall.

  • @valminnis5819
    @valminnis5819 2 ปีที่แล้ว

    You get a 👍 you. Oprah Winfrey

  • @CoachNelsonM
    @CoachNelsonM 2 ปีที่แล้ว

    If this doesn't involve a stick of butter I'm not interested!

  • @patricksheridan3994
    @patricksheridan3994 7 หลายเดือนก่อน

    30-50$ PER HOUR PLUMBER LMAO here in CT its 125-300$per hour

  • @johnrweiss
    @johnrweiss 2 ปีที่แล้ว

    Where the hell are you getting a plumber for 30 -50 dollars an hour????

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      It is 30-50 a fixture install.

  • @reycam9302
    @reycam9302 2 ปีที่แล้ว

    Opov

  • @guzman9011
    @guzman9011 2 ปีที่แล้ว +4

    I just eliminate all spigots on my rentals. Caught a tenant washing all his cars one time and they even put in a cheap kiddie pool cause they had access to outdoor water

    • @larrymoore6640
      @larrymoore6640 2 ปีที่แล้ว +3

      All our rentals have outside spigots but the tenant pays all the utility bills and they are in their name.

    • @jorge3234
      @jorge3234 2 ปีที่แล้ว +4

      If I’m paying rent I better be able to wash my damn car. I always make tenants pay their own water, so I could care less what they use it for

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว

      Ha! Very valid point and adjustment.

    • @ProjectRE
      @ProjectRE 2 ปีที่แล้ว +2

      @@larrymoore6640 that’s what I do

    • @workingshlub8861
      @workingshlub8861 2 ปีที่แล้ว

      @@jorge3234 they are on separate meters right??

  • @relevant.c5411
    @relevant.c5411 2 ปีที่แล้ว

    lets address the elephant in the room for investors who think rental porperties are a good idea. buying property is a good idea, yes but u need to understand you are not investing in a property u are investing in a complete stranger who doesnt get 2 sh-ts about u, ur property or ur financial obligations. I am a property mgr for investors and people have changed for the worse over the last 5 yrs. It is hard to find someone who cares about anything or anyone but themselves. Even if I had a trillion $ I would never own rentals. Good luck to anyone considering it, dont say u were not warned.

  • @jordanbertagnolli7388
    @jordanbertagnolli7388 2 ปีที่แล้ว

    Pretty repetitive but I'm sure you know that.