Avoid these Expensive Mistakes ALL New Homeowners Make
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- เผยแพร่เมื่อ 11 ส.ค. 2019
- Let's visit Home Depot and SHOW YOU the MOST EXPENSIVE mistakes new homeowners make and let's change the world. Learn the psychology of investing & making money, use code ⚠️MoneyFromHome⚠️ expires 4-31-2020 metkevin.com/program - ALSO Deposit $100, get💰2 Free Stocks 📈 metkevin.com/webull
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#NoobVsPro #RealEstate #Investing
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i absolutely hate the way this guy presents information but, as a contractor, he's 100% right where it counts.
Arrogant for sure. But clear and concise.
Its almost too aggressive for some people,
I personally love his style, he is just a what you see is what you get kind of dude.
I would chill with him!
Gotta say between this and picking the brain of a guy who flipped houses for a few decades, I’ve learned a good bit.
Hes right on some counts. I have a rental house and put in laminate flooring as the cost of padding and carpet are comparable and I could do myself. Carpet ya get one try... Or pay for install
You guys clearly misread the definition of arrogant. He knows what he is talking about, is self reliant and confident... nothing he said was incorrect.
I watched a similar video with him and Lauren before I watched this one and it was much better with her style. Kevin gives good info, but it almost seemed like he was interrupting her even when he doesn’t say anything while standing next to her. Maybe that’s why he grew a beard and tried calm down more in his finance-oriented topics.
Why do I get the feeling that this guy has never returned a single security deposit.
He puts off a serious D-bag vibe
I think he dreams about NEWBS IN TROUBLE and Orgasms in his sleep, LOL.
😂
Lol. Who gets the feeling many of those refrigerators have more dents in them after he arrives at the store than they had before? Jk.
CallMeFrog 76 you clearly misread him lol he’s helped millions of people these last two months. Don’t be so quick to judge.
Noobs don't realize that a poor remodel job actually reduces the value of the property 😂
Bingo!
A garbage flip can be spotted a mile away. You can tell when someone remodeled a house to sell, and when they remodeled their home.
@@m0tbaillie so true! It doesn't even take a pro to spot the difference.
Noobs are ruining 'murica
my mom tried to recreate trim with some hardening putty...
"Remember folks, this is geared toward rental property and investment property."
I watched one of your previous videos so I knew this but for anyone new to the channel seeing the title say "New homeowner" probably makes them think you're talking about a house they're actually going to live in. Putting that sentence in the description or changing "new homeowner" to "landlord" might reduce some of the hate.
John Doe yes
Lol
I work in commercial construction and luxury apartment complexes. I was like “No, ‘pros’ don’t spend money on Home Depot, much less on the cheaper stuff.”
But if you are renting out your property, yeah, don’t overspend. Tenants seldom take care of the property the way a homeowner would.
Ya I was super confused at first. A lot of this stuff I would still use even though it doesn't add value.
Yeah
John Doe I thinks this works for first time home owners too. I don’t have a ton of money to make major changes, but his points are practical and affordable.
Exactly
And this is why I’m done renting. Closing on my house in 3 weeks!
congrats, dont deal with snakes like this guy anymore. but an army of bootlickers will come to call you all types of names
Charles Reid ... lmao u literally called the guy a snake, what did he do
@@spicyshizz2850 did you watch the video?
@@spicyshizz2850 Well, let's see, there were at least two instances in the video of him literally saying "buy the cheapest stuff possible, who cares about durability, and pass the costs onto the tenant", strongly implying that not only is he knowingly buying stuff that won't even withstand normal wear and tear, but that he also doesn't care because he's going to make the tenants pay for it anyway. He does super shoddy work as well. Check out the videos where he puts contact paper over formica countertops. He uses shoddy work and junk products to keep security deposits, which is definitely shady as hell, if not borderlining on outright scamming.
Arcade School there are some things u can cheap out on, u can’t buy the highest quality if it’s not profitable
Noon vs pro should be an HGTV show
Yes
Noob* or else it would just be pros on lunch break
Aren’t you that tik tok guy???
You're 100% right but I'd never ever rent from you. Ever.
Why would you never want to work with this guy??
@@SlayingYouDaily because he obviously shares that he will nickel and dime all of his tenants on their deposits. Money over humanity. He intentionally buys cheap materials that will break because he just plans on putting that cost onto the tenant.
@@danieldahlinger177 All materials will break, doesn't matter how much you spend. Money over humanity? That's something that poor people say.
@@keithupton86ku the point is that he is deliberately buying the materials that will break easier.
@@danieldahlinger177 So? Don't treat stuff like shit and it will last longer. What law is forcing people to rent/live in his properties?
3:20 Pro tip, magnets don't always stick to stainless appliances.
The Halo recess light you held up was adjustable to 2700k ya noob! 😂
Exactly what I was thinking. Lol
Yeah I have the same ones. And he says “don’t get 3k like a noob, get 2,700k like a pro”. The human eye can’t tell the difference...
Actual pro's dont shop at home depot. This from a guy who used to work the "pro desk" at home depot. Also he is 100% correct on the hiring an electrician or plumber HIRE A PRO FOR THAT.
Purebred Shekelberg most pros I know use local lumber/supply companies. You aren’t paying retail markup. Lowe’s and HD have “pro” departments that can sometimes cut deals if you buy a lot of supplies from them. Sucks in a small town like mine because you don’t have many options.
Electrical is really not that difficult. Now, plumbing is another story.
Honestly the serious pros hire professionals to do side work under the table. You could get the exact same work done by the same guy for half the cost.
pros shop at where？
As a plumber, in a contractor course for California. I can confirm they DO NOT shop at home depot. Im still learning a lot even though Ive been plumbing for 4 years now. And although im really skilled, hardworking, and trust my expertise, I myself would want to hire a professional with a license. (Also for legal/financial reasons) a real electrician/plumber will understand tgat their work can come full circle onto the rest of structure of the property. Dont hire "the guy you know"
Just my two-cents (taken with a grain of salt as I'm a PM and not an investor)...
- Kevin is making recommendations for rentals. If you plan on living in your home, upgrade it how you want. For a rental though, it mainly needs to 1) cosmetically look good 2) be operational 3) and handle abuse since a Tenant is not going to take as good care of a property as a home owner.
- Improving a property to a sale ready standard and upgrading it with the works is nice, and you will get a higher rent, maybe $200 - $350 at most, but not nearly enough to off-set the tens of thousands spent.
- Purchase items that can be easily replaced / can find parts for / are standard. Don't install custom items if you can help it. Install standard items, that look good, but can be easily repaired, replaced, or upgraded in the future
- An advantage of going cheap(er) on items, is that tenants WILL damage items in the property. Yes, they have a security deposit to pay for repairs, but there are times when the damages are over and above the security deposit. Don't count on the security deposit to fix your $2,000 carpet / $2,000 property repainting / trash-out / professional cleaning / etc
Quit bashing tenants. I take excellent care of the places I rent and always leave them cleaner and in better condition than when I moved in.
I’ve done my share of construction work and almost every house we looked at when we were on the market was “updated” with these cheapskate materials and methodology. I guess if you’re renting out, it somewhat makes sense. But you can charge against damage on quality materials and work too. There are no professionals in anything anymore, not in electrical, plumbing, painting, tiling, anything. Get a job in construction for a year and watch what people do right and what they do wrong before turning into a flipper. Become your own pro. We don’t need any more idiots ruining the housing market.
“I’ll give you $500 for the $2000 fridge” Home Depot-“Nope, I can RTV it for full credit”.
@Khashon Haselrig Return To Vendor.
In some cases, they can sell it at a small profit or break-even price and still get a credit back from the vendor. I'm not sure how much leeway they have with appliances, but it's extremely common in the grocery and retail businesses.
Do an Ikea or Target noob vs pro walk through!
Hi, I don't know in the USA, BUT in the Uk , if you get IKEA kitchen or bathroom, you're getting problems!
IKEA uses Metric sistem for pipes, instead we use Imperial units! Lot of problems...
Nick Hoyt you’re a noob if you’re even in target 😂
Lol even some of the pros use ikea
@@ungwungboozia8797 Dunno about US, but in germany IKEA is trendy. It's actually overpriced for a lot of what they sell.
@@patrickkeller2193 same here ive recently checked a few newly built homes here in las vegas and and the entire house was filed with ikea cabinets and appliances. Nothing wrong with it. now its easier for everyone to fix there homes
Great video! I'm in the middle of my first rental remodel and these videos and your course are saving me so much time and money. Thank you Kevin!!
Nice!
If the dents are big enough on appliances you could probably just use a car dent remover on them.
& bondo, wrap it!
I love the tip about buying dinged appliance floor models. "just put a magnet on it" hahahaha
Every appliance I've purchased ('fridge, clothes washer / dryer, dish washer) came from a Sears scratch / dent outlet, and were all nearly half off their original costs. Hell, I didn't even buy matching clothes washer / dryer (nor did I buy them at the same time)... ;)
Correct, it is just a machine that performs a function.
Honestly love these videos. Its unique and something not much youtubers do. Keep these up kevin!
thanks so much brandon!
2700k is not very nice in a kitchen. An electrician buddy said most people are going 4000k. I personally put in lights that go from 2700-5000 with the flip of a switch. Using 3500k. Perfect light colour
I personally have a love hate relationship with those damn lights, sometimes I love the higher k lights because it makes the room brighter, but at the same time it's not as "comforting" as a lower k light. By comforting I mean the higher feels more commercial and the lower feels more homey.
@@jimmygangster : Use a "smart" LED bulb that can adjust it's "white" color temperature. I have some Hue bulbs in my living room and I have scenes set up just for this purpose. :)
Marsh Cam 2700k is the magic number always! Have you ever turned on all the lights and seen a 2700k area next to a 4000k area together. It’s awful. Even if walking from one room to another it feels like walking into a hospital. Don’t do it. 2700 2700 2700
@@dariod2666 2700 sucks. 3000 is easily the best. No questions
Im renovating my first rental, so these are my favorite videos of yours right now!
Nice!!
Same! I was thinking of cabinet lighting but not anymore! Just installed some nice gray cabinets as well!
Are you going to be a pos landlord like this guy?
Hey, how's business going?
I’m about to close on my first income property so I’m feeling the same way. Hope all goes well!
I love these videos. I do high end work and it is insane how some people spend more money remodeling the property than the actual property is worth.
Thank you!! Couldn’t agree more
Especially in areas with lower property value
Probably the most valuable 6 minutes I have spent in real estate investing research in the last 2 years. (Watched at 2X.)
I went and got that refrigerator with the screen in them for this reason. I dont plan to move and 10 years is a long time for a warranty. Sometimes you just to treat yourself in the most efficient way possible !!! Btw that fridge was marked down from 3500 to 1600 plus a 25% discount at the store , plus my 2%discover cash back ( thanks for the card tip ) plus paying with my samsung watch (another 1% off ) plus (last one I promise ) my electric provider PAID me 75 bucks to take it away !! That's a$ 3600 fridge for under 1000 ..... kev . That tip that you gave 4 sentences towards saved me almost 3000.... THAT DESERVES A VIDEO
NICE!!!
value tips!
I will implement these in my new office!
Great video! Love the Noob vs. Pro format! I bought the duplex I'm living in, (house hacking,) about a year ago. It was pretty much turn key, but, I replaced the UGLY and damaged linoleum bedroom floors on the tenant's side with luxury vinyl plank before I put it up for rent. That made a huge improvement for pretty cheap. I've been tossing around the idea of updating the old 1986 style kitchen(s), but, I'm not sure if it's worth it for me at the moment. Please keep doing videos like this!
These videos of PRO vs NOOB are very helpful; the variety of examples with your experiences make it more useful. Thanks for the tips
Soo much great information in this video. Your channel is one of the best out right now bro
Wowwwwwwww!! I really enjoyed this! We’ve decided to build our retirement cottage out of pocket and appreciate the series of your videos that we have encountered about the do’s and don’ts that may add expense and not value! Thanks so much!!
This really helps me!!! Especially since I’m selling my house to start building 💪🏼 thank you. Keep these coming
anytime!
A $99 metal kitchen sink might be fine, as long as it has deep bowls. I've seen too many noobs cheap out and buy the cheap sinks with shallow depth bowls. Horrible idea.
Oh my God, I rent an apartment currently, have those shallow bowl sinks, hate it passionately. At least the range is gas.
There's so many comments saying that he's being a bad landlord by not paying more for things and saying you break it you buy it over things. Like if you mistreat your sink or fan and it breaks why would you not have to pay for it.
Search Craigslist for takeout appliances. I bought new stove, microwave vent, and dishwasher from someone who upgraded their new build. They were never used. Saved about 70%
Great idea
@@sarahann530 maybe the builder didn't offer what they wanted or they found it cheaper to buy their own upgrades? I didn't ask. I just loaded up my score and left. In Silicon valley people upgrade kitchens and sell cheap or give away stuff that is new or like new because they are remodeling a house that was already remodeled when they bought it. My gain.
I need to understand this! It's called "takeout"? You go to a showroom/warehouse?
Love those kinds of vids. Thanks a bunch !
Thank you!! Anytime
You need a love button bc I think these are by far my favorite
Ahhh Thank you!!
Awww
Love these video Kev! Would love to see more Noob vs Pro content
Thank you!!
So basically, the whole video is about "How to get the Security deposit from each of my property"... Such a great motivation to share.
Instead, why don't you share "How to create a beautiful house with less money"
The ogs seem to have the attitude that tenants will likely beat up whatever you put in the house, I think it's based on experience
Awesome video Kevin! What camera do you use when vlogging in public places like that? Tired of carrying my 80D thing is too big imo xD
Big box stores don't sell appliance displays at reduced cost until they are discontinued models. The displays out there are always being damaged by carts etc. They will not sell displays until they are the last unit left.
Always great content!!! Bigger pockets needs to interview you on their podcast!!
porcelain and ceramic still hold up better than vinyl plank. No worries about using furniture pads and shit when dragging furniture around.
Awe, this was awesome! Thanks Kev!
LED is just as bright and more cost effective, especially the ones with the solar panel. The information you posted would of been great in 2010 👍🏾
For a home you pay the eletricity bill, sure. Thats not the case with the majority of rentals though.
@@nicolcacola What Kevin meant are those old, stick in the mud solar path lights, they are horrible.
However I just bought real bright, wireless, solar powered, motion activated, wall mounted LED lights for 8 bucks a piece.
Kevin, we're the same age but I really look up to you bro. You've taught me a lot about owning my own home and so much else. I definitely upping my game every time I watch one of your videos
Excellent video!! I'm always telling people there is a definite distinction between home improvement for value-add and home improvement as a consumer purchase!
I kind of want to go shopping with you now...
Hah Thank you!!
Love your videos Kevin great content !
Thank you!!
I think it's bad advice when he says to buy what's "in" today. That makes you a fad chaser which can cost you. Buy neutral things like cabinets and wall paint.
Lol yeah he actually says that in another video... i think it really depends on what you're buying. But yes, i agree with you
I thought that too, but this is to sell now or rent now. I agree though, I love gray paint now...
All I have to say Kevin is you’re dropping some 💎💎💎 here!!!!
-Thanks.
-Duke 🇺🇸🇿🇦
Hey Kevin , I usually hesitate to subscribe to channels such as yours because I know the sleaziness and lies people tell all the time in this business BUT I know that what you are saying is sooooo true ... we've been there done it all !!! Thank - you for keeping it real and putting out proper and truly helpful information for the people that follow your channel ... with this attitude , you're well on your way to a million subscribers !! Subed 👍 !!!!
I really like these kinds of videos, thx!
Nice improvement on the video quality Kevin 👍 Back to the basics !
Thank you!!
Dude!!! I love how entertaining all your videos are!!!
u can buy the regular flood light and buy led bulbs for it. best of both worlds
hes not saying be cheap on remodelling. hes saying be smart with it. also as a tenant. check stuff as well.
As an investor for renting property you are spot on. As a 25 year pro carpenter I see these mistake all the time.
Great video! Appreciate your expertise! Super helpful for aspiring real estate investors as well as first time homeowners who car about their money a lot!
anytime ty!
Another helpful video! Thank you. I saved some $$$
I love Target! Just noticed how well priced some of their stuff is!
Heck yeah
As a real estate agent I always buy fake cameras while I have a listed empty property. It scares robbers and adds additional value when hiring an agent for their service.
Kevin is going to save me so much money on my first rehab!
Work with a pro your first couple times. It will pay for itself.
@@HalfStarFilms yeah I plan to start getting into the community in my area and learning from someone who has been at it already. Great advice, thanks!
Are you going to hope the tenants destroy stuff so you can keep the security deposit? This pos gets way to excited about it because he’s a slumlord
The Dongstein he’s NOT a POS...he’s simply giving advice directed to all owners of properties that are rentals a great option of buying cheaper items that could potentially get destroyed should they end up with a “ POS” renter!
Kevin's thinking seems to be good advice, perhaps it's good on low end homes with renters.
You can get stuck on this thinking, But try this method on high end properties, where you do same amount of work, but receive 3X more *Wedge*
money, just won't work. See your investment melt away, then call Kevin he can sell it for cheep (your loss) You pay Kevin 6% on your stupidity.
Kilz oil-based primer works great and consistently costs less than that Zinsser primer you showed. Overpaying is a Noob move, not a pro move.
i loooove these videos these are gems!!
I would love to see an appliance shopping video like where you show what appliances you get and how
Im a flooring installer full time and there are sooo many good vinyl options for rental properties, if you want a tile look there is glue down and click together “luxury vinyl tile” (lvt) products that look fantastic and will add a bit more character and design factor than entire floors of the same vinyl plank that will make the property look cheap
Awesome advice. Your channel rocks. So much value.
But HomeDepot Has those Floor models there for a Reason, they dont care if its got dents it's to show off that model, so all the rest can come direct from the Vendor without Dents... The only time you can buy a floor model is when that SKU is DIscontinued and then they are usually 25-40% off
The damaged appliance thing literally applies to anything especially if they deliver it. A lot of the time the manufacturer does not want that fridge back so they’ll come off 60-70 % just to get you to keep it bc they’re basically buying it if they pick it up.
I got my fridge at HD from 2500 down to 1100 because it had a small dent on the side. My fridge is boxed in so you wont see it. I didn’t even had to argue price they just lowered the price because of the “damage”. 2 years later and works perfectly.
Subscribed, thank you for your advices
anytime Leo!
Hahaha he just showed how I got my fridge. Because I did move into a place I needed to get a fridge, but you know what I don't mind I really love my fridge and it has a fairly good resale value, also it if breaks I know people who can fix it on the cheap.
Hahahha did you call them Calvin lights 😂😂 I’m pretty sure it’s Kelvin
Dammit Kevin, I just bought LED sensor lights for my front yard lol 🤣
The Noob vs Pro videos are my favorite! 😍
If I try to rent a house and see the landlord put in fake security cameras.... I'm just going to pass on that property
Great tips, easy to overlook and also over-improve if not careful
Bingo
Thanks man super helpful
please make more videos like this where you show what to buy and what not to.
ty!
I live inside Home Depot, I do all my home repairs and remodeling and save thousands😃
Good general info here but only noobs think that the same exact rules apply to every market.
Sometimes there are expectations for a neighborhood and not meeting them can hurt you, other times there are style/life style differences...know your market.
"I'll just put a magnet on it."
The doors of stainless steel fridges aren't usually magnetic.
JB weld would do it
I completely agree on electrical work since we don’t have any experience doing it, but plumbing isn’t that bad we’ve had to replace old sewage pipes and redo entire bathrooms and it was ok.
Great stuff Kevin appreciate that.
Thank you!!
Having this fella as a landlord would be awful. Is he basically admitting to providing a low quality rental at high quality cost and setting out to charge the tenant for as much as possible?
Great video....This was very insightful. Any Plans on coming to Long island?
Great video, nice color, "get a lot of magnets" thank you KEVIN🤣🤣🤣
Love the Lowes and Home Depot Videos
ty
I literally feel like I could renovate an entire property. And I dont even own a property yet. Thanks Meet Kevin :)
Thank you for saying that about vinyl plank flooring. So many people argue with me saying it's cheap.
I will only use vinyl plank now in rentals.
We used the luxury vinyl that looks like concrete blocks for our shower wall for relatively cheap, looks high end, and is basically industructable
They are selling LED bulbs, so you really don't need those full fixtures.
They are also selling easy to install upgrade LED strips and rings to replace the internals of an existing fixture.
New homeowners tend to LIVE in their "new" home. I bought solar pathway lights and like them. We live out in the dark woods and NEED them. They've been a good investment. We also have high ceilings in the kitchen... it's hard to see in some of the cabinets... I'm planning on wiring in some cabinet lights.... I didn't watch the rest of the vid. I'm making a home to LIVE in! "Resale value" is less important to me than "happy wife" value and enjoying where I live.
keep in mind he's talking about rental properties as a landlord not what to do with your own home that you actually live in
Stop, you're breaking the rules
There are 20 dollar recessed lights at home depot with an adjustable switch on the back that you can change each light to match each room and they are led, best value and they look good too 😊
Keep it goin' Kev
Regarding quality of materials it's relative to the property you're renovating or trying to rent out. I have a condo on the ocean, rents for $5500 per month. Higher net worth renters want quality. Also I would rather invest in a reit at 7% (mort, olg, sret) than put up with all the headaches to make $300 a month on a rental property. Something to consider.
Honestly though , the multiple shower heads and tile choices in the shower are one of the best parts of our home .
Great heads up vids... Keep it up
Thanks for sharing
Awesome video! Thank's
I worked Quality Control at an appliance store, noting damage, and by far the best color for hiding scratch/dents is white. Scratches are tough to spot, and if one is particularly egregious a spray can of white primer paint will do wonders
Great video... love the idea of appliances with little dent on it 👍
great tips kev, what type of lights do you suggest for the bathrooms?