AVOID these Idiotic Mistakes of My First Rental House
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- เผยแพร่เมื่อ 28 ธ.ค. 2019
- Don't make these noob mistakes. ⚠️34% off Coupon Code 🍎BecomeMore🍎 expiring 6-24-20. Investing & Negotiating: metkevin.com/program | Life Insurance 🦠Life: metkevin.com/ladder 💰Free Stocks: metkevin.com/webull Lauren's Vlog: bit.ly/2U3sz2qb
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#RealEstate #Mistakes #MeetKevin
![Noob Buys his Second Rental House at 19! [Biaheza Reaction]](http://i.ytimg.com/vi/zZ2uXf1wklo/mqdefault.jpg)
![🎮เกมยิงปืนใหม่ ภาพสวย และ สมจริงที่สุดในโลก [ BODYCAM ]](http://i.ytimg.com/vi/My3l1owRY9I/mqdefault.jpg)
About to buy the investing course!!! I hope this pays off
You'll love it!
Same 😭
I've been browsing through it, there's a lot of good info there.
One of these days I'll start at the beginning and go thru the whole thing.
So what do you think about the course
jfish147 how much was the course?
This guy sounds like sarcastic gamer doing real estate.. I absolutely love it.
I make over 10 000 USD each month thanks to FRO ZEN PA.C OM
You cant kick yourself too much for the "noob" mistakes. When you dont have any money, or very little money to spend, you do what you can to get the unit rented.
So true
I’m in the same boat but I watch movies like this so I can prevent these mistakes when I go to buy my first rental.
100%
Just work in the trades. It makes it so much easier.
@@TheMarkoPoloProgram i do work "in the trades" im a handyman/carpenter. Its the best way to invest in realestate in my opinion because you can fix and do all the work yourself.
No Kevin, you DON’T paint brick. Unless you want brick that won’t dry after it rains, which eventually turns your bricks and mortar to mush and you get to replace the entire mess. Bricks need air contact to dry and breathe. Former home inspector here.
Wow this is really interesting. I didn't know that. Why do they paint outdoor brick on so many homes on HGTV? I'll never buy a painted brick house knowing this!
On top of these very utilitarian reasons, painting brick is just an architectural crime. You want materials to speak for themselves and not pretend to be something they're not, and painting brick is doing just the opposite. Brick is brick. It's not green or black or any paint color, it's the color of the clay that it's sourced from.
does that really make a difference if you only paint the inside of the house side of the brick?
@@Meyer_Nick Probably not, the reason he is citing not to paint has to do with the fact that brick in modern brick veneer construction acts as a somewhat porous, moisture-wicking hard barrier that protects the wall assembly from sun and flying debris, it's main job isn't keeping water out of the building, there's a moisture barrier and an air gap behind the wythe of brick that does that job. I can see painting the exterior getting in the way of moisture evaporating out of the air gap behind the brick, but if you're painting the inside of a brick fire place for instance, it wouldn't have any negative effects. It might in fact be helpful in the same manner that people seal the inside of their basement walls with a liquid applied vapor barrier.
@@GJ_DM thanks for the thorough response i appreciate it!
I like how you’re not afraid to criticize your own work, most people have too big of an ego to admit they could have done something different or had to cut corners to reduce cost
Kevin: Puts luxury vinyl plank over lawn
Does it come in green??
At one point I couldn’t distinguish between kevin’s sass and real advice LOL
That was most of the video for me😂
@@johnjoyce6595 Same lol
Or misrepresentations.
LOL you get me with the RuneScape references XD
Runescape Real Estate investing made simple!
Damn near makes me wanna start up a new account, lvl up and do some good old barrows.
Josh AQBUMP oh man I could go for a run right now! I was like 6 quests away from a quest cape when I quit too 😭
I loved classic. Takes me back to high school
bro ik xD i saw that barrows set and i got flashbacks to my bot farming days.
2:34 is such a great pro tip (glazing the bathtub). That saves a ton of money and time plus it looks like new. I had my client do that for their white under-mounted kitchen sink for just $200 rather than tearing it out, buying a new sink and installing new countertops ($$$).
Replace that roof before you end up fixing the leak damage AND replacing the roof.
Don't ask how I know this.
do tell! How much damage did your roof cause?
@@MeetKevin Dunno yet, the roofers in my area are all booked solid for 4-6months. (Thanks Nor Cal fires)
So far...flooring & sub-flooring will need to be replaced (please god, not the joists).
The water got between the wall & the paint, so mold. As soon as I closed on the house, I used a box cutter to cut 60 years worth of paint away so I could see the damage and keep it aired out so it doesn't get worse.
The top of the mold wall may have damage to the top sill.
I knew this ahead of time as it had been leaking for quite a while, no one has been able to locate the actual source of the leak.
The house was built in 1959 and will be awesome when I finish it. If I could only get started...
And yes, I got a smoking deal on it.
Replace the roof while you can.
I've been using that flooring for a while. It has a paper fiber core, which means that it can swell with moisture. That problem is all but eliminated by giving it a couple of layers of Mop & Glo or something similar right after being laid down. The wax soaks into the ends and seals them, so even if tenants don't keep up the wax the floor is still significantly moisture resistant. It really stands the test of time and looks great.
Vinyl wrapping is an insanely good takeaway from this video. The kitchen is the most important part of any house, and making it look so much better at such a cheap price is great ROI!
Always enjoy these walk-thrus and bits of knowledge! Thx Kev!
RAM Real Estate Investing it is helpful to see it more tangible rather than just a concept
14:40 - Chimney caps also prevent animals from entering the chimney, and potentially, the home. I've had birds get trapped in chimneys a couple times.
Except very enthusiastic approach and humor, I am blown away for your honesty - your openness to publicly confess mistakes and good will to share the lessons you learned with all of us. Thank you. All the best!
That’s what makes Kevin so awesome
Prolly one of my favorite videos, the fact that things didn't worry him makes me feel more comfortable seeing those small problems in the future. Buying your first investment property is stressful, if something's wrong people will complain and problems start. If its your house you just live in it till you fix it no problem
That roof is a train wreck disaster!!! My landlord did the same thing and waited and when it started to leak, it flooded my room and everything was destroyed. Can you say MOLD!! and much more repairs and cost. I would do it sooner, then later, it would be cheaper now, in 5-10 years it will cost more.
I think many of his tenants watch his channel and they just hop in to better landlords
@@conexos2007 Well the more you make, the more you spend, and then your not as frugal and as careful, if you had no money, you will penny pinch more, your more careful. Buying crappy things are cheaper, but not fixing crappy things can cost more if things break down,
Ebb tide, the universes way to balance things out.
it basically means, You get what you pay for! cutting corners will cost more in the long run.
Runescape!
Surprised to see you here lol
He gets notified on anything to do with RuneScape lol
XD
Heyyyyy OSRS youtuber!
Meet Kevin is my 2021 🦸♂️
im still a simple man, i see an rs reference, i like the video.
Same
Wonder what his total level is.
Taking down notes... just bought my first investment property. Hopefully we can avoid these mistakes!
Kevin: Not gonna replace this clearly problematic roof until it starts leaking!
The rotten roof boards:
Looks like the roof hasn't been replaced for 20 years.
Amazing points! also It's a REALLY noob mistake if you start throwing carpet in the bathrooms.
Great video Kevin, I really enjoy these types of videos. Love your idea about framing those old big frameless mirrors with baseboard. I just bought a house that I'm currently remodeling and it has those exact mirrors. So I think that's going to be the perfect solution!
Nice!! Congrats!!
The Out of State Investor he does have good ideas. As I begin to get into real estate investment it’s really good that I’m a full-time Carpenter
The tv cable coming out of the closet serves a purpose owner deciding where to have the cable. You have to stretch it through the attic and the wall, which is not ideal but it offers flexibility with location.
Warning: Don't use ceiling fans on plaster ceilings. The vibration will loosen them up and they come crashing down. BOOM!
Good to know!
OMG 😱 I was about to do just that
thanks for the tip!
That’s nothing. Wait till the roof falls down on the tenant 14:54
A ceiling fan should be secured to the joists. Not the ceiling.
Kevin, thank you for keeping me motivated! Love your humor! Blessings!
I dont have your course, but currently in contract for our second property, your videos give me SOOO much info on how to do this second property better. I saved a ton doing some of your pro moves on my last unit remodel. Thanks!
Then Imagine what a $300 investment could make you 🤪
Glazing sounds like the way to go. I started in this field with sweat equity as well. Glad that is the past now.
Gotta love that sweat equity!
How was your experience, I’m just start
I love how you fit Runescape to make this enjoyable for others that are having a hard time grasping the concept. Intuitive!!
Have been slowly making videos for 2+ years now and your work just keeps me motivated! Keep it up K, great content
Love your enthusiasm and energy! Thanks for sharing!!
Thank you for sharing. A smart man learns from his mistakes. A wise one learns from the mistakes of others. - Unknown
Great advice except for mini-blinds. Tenants seem to have a built in radar for mini-blinds and either remove them or destroy them. Your tenants will water the grass??????? I can't get mine to clean the damn toilet much less water the grass.
Well he said he wished he HADN'T used the mini blinds.
@@Bozogumps Oh ok
@@jayc4715 'tis true!!!
@@jayc4715 Me either!
Thanks Kevin for posting everyday. I've been watching regularly since your BP episode. I love your content!
Thank you!!
This man is facing all my nightmares head on. Taking care of stuff, especially a home takes A LOT OF TIME, ATTENTION TO DETAIL, AND EFFORT, not to mention MONEY. No idea how a normal person would be able to do all of this unless this they were in the real estate industry somehow or just had a lot money to throw around to get all the shit work done. Thank you for sharing.
Kevin I work at owens Corning making those shingles. Those things have lost all granules (rock) and the asphalt to to the point it's down to the fiberglass matt.. that roof is beyond cooked that's why it's so spongy, it is leaking lol
Yes, in the paperwork for this house, they stated it needed a new roof.
This video really help me decide that rental investment property is not for me. That possible termite problem looks like a nightmare. So many other little details that need address , and me being so particular about everything, it would be a nightmare for me.
man sometimes I just wanna binge runescape for a weekend for the nostalgia of it. Then I remember I have a wife and kid.
lma0o0o - come pk for an hour every now and then, or PVM whichever. Cant believe kevin added the rs graphic lmao. Pog
I like how you are always walking around!
The problem with solid doorstops is that unless they are out of the traffic flow, they will get kicked and break out the baseboard. The same thing happens if it's not exactly straight, and someone leans on the door. I'd rather replace the doorstop than fix the baseboard.
just by the little I see on that roof. it's dead, jim. It needs to be replaced!
Yes some of those joists need to be replaced. Also the valley on the top of the roof is not done properly, there is most likely lots more water damage.
You're awesome Kevin! Great Videos as always!! Happy New Year Pal
Great value as always Kevin. The GOAT
Closing on my first house Monday. Plan on house hacking and turning it to a rental in a year or two!
Nice work Mike!
MPF 💚 Make sure you lay down the boundaries with whomever you are house hacking with to avoid dealing with hassles later.
I think a multi-unit property is better for house hacking because you have your own little place as opposed to sharing a house where you have to see each other frequently and have to share common areas.
I can't house hack ❌ I need my space and I like my privacy.
Mike's Personal Finance thts awesome to hear i wish to be able to do this in California soon...
No Tet rov bpa
Wow ben Affleck. To be nooby with your first property
Now you are passing all that wisdom to all of us. Thanks
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WE REALLY APPRECIATE YOUR COMMENT!
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Purchasing your personal finance course on tuesday. 👊 I'm excited.
@@lostintime8651 thanks man, have a great day :)
Thanks for being transparent and sharing your mistakes
7:40 this is basic stuff they teach in designing at surveyor school.
Do everything based on 60x60cm blocks and add 1 cm to both ends.
Way better then the old way of specific designed furniture
If you are walking a roof you should never step in a valley. There is a chance the felt underneath could be stretched and torn if you step in the valley.
good point! Thank you!
Really good to know! love your real estate vids! Thank you Kevin!!
Good point about carpets. Carpets are much dirtier than people think, it's a mistake and good call, Kevin.
Agree on Vinyl planking ,I gave up on tile showers they never keep it clean ,buy a upper end kit for the shower walls and floor .Don't buy gas stoves use electrical ,I install left over granite buy super cheap .Install gutters that way the water will not wrap around the wood causing rot .
Looooooove the knowledge Kevo. Man.... I gotta hurry tf uuuup. Keep up the good work dude
The Edits in this episode were so great, lol. Thank you Kevin!
Very Nice points, Kevin, subscribed, thank you for the lessons
Very helpful tips. Thank you for sharing.
A lot of knowledge in these videos, im about to tell my cousins some of the tips for their airbnb and in the future implement these on my own. Thanks for the content if i was ever to buy a course in the future (right now im 18) but if i wanted to buy a course id get yours for sure, very knowledgeable guy ! keep it up
Here’s another tip guys. When you do a property inspection. Make sure to check the air filter on the ac unit. Tenants most likely will not change them and this could be very costly later on.
Dude, your ad placement is impeccable.
I'm paying attention to some of those brands you mention; that will be great for price/type comparisons, etc. Got to deal with some plumbing issues in this 70's-or-so condo. That whole bath/shower diverter/tub-stopper ensemble needs to be replaced, so that means that wall tile/drywall?, will need doing also. If I was a renter I wouldn't have to even think about all this etc., etc. - Wa-ah, wa-ah! Thanks for all you do; you really do help with your videos and information!
cool thing about lvp: It barely expands/contracts, so you can usually install it as one section on the whole main floor/basement.
humility definitely allows for a boost in reputation and wisdom, thank you for sharing!!
THANKS FOR WATCHING!
WE REALLY APPRECIATE YOUR COMMENT!
FOR FURTHER GUIDANCE KINDLY::TEXT ME +.1.3.3.0.4.0.6.9.2.4.2.
6:45 I agree you should have vinyl wrapped the bathroom counter top but the kitchen one will be used to prepare food. A knife or other sharp object would damage and expose the vinyl and the tenant would have to peel it off.
you did an absolutely fantastic job! thanks for teaching!
If the Devil has a pitchfork and the Grim Reaper has a scythe, is agriculture a major industry in the underworld? 🤣
Sy Guzman well said
😂😂😂
They still make those retro sprinklers? In the early 1970s, those were something kids splashed in on hot summer days! BTW, always enjoyable and high-value presentations. Love the goofy humor too. Thanks Ventura Man!
*In my 2d rental, I made the mistake of hiring a cheap gardener to remove an ugly looking cactus. Well, let's just say he didn't finish the job and wanted more money to remove the 12 inch cactus stump. Cheaper is not always better.* 😉
thats your fault, you should have removed it by yourself. its really not that complicated.
I think when stainless steel goes, it will go quick and fall hard. Something similar happened with golden oak, it was used heavily for 15 years, then about 2003, everyone hated it.
Thank you for all your info!!
Hey Kevin . Quick tip. I am a chimney professional in Tennessee. You stated that you put a cap on the flue to prevent water, but all of those cracks in the mortar between the bricks on the chimney will leak like no ones business. Have a mason do some various tuck pointing on it
Sprinklers are a great idea, I've installed them in all the houses I own. Plus, if they don't water, there goes your lawn and plants
I don't always admire my Craftsman skills, but when I do, Nailed It
I love the consistent LVT. I would have loved to have a different tile (more into the light colors) for the bathroom floor since it's a more hygienic approach. But I get the problem that you had regarding matching the beige tiles in the shower. Anyways good investments everywhere GJ.
Gotta admit! I almost clicked away during the 1st few seconds but I'm glad I watched the video in its entirety. Very informative and entertaining video!
Hey Kevin,
I absolutely love your videos. I just started watching them a few weeks ago and I am hooked. A buddy of mine introduced me your stock market videos but I eventually stumbled upon your real estate videos. I would of rather spent 4 years learning from you instead of 4 years in college.
I wanted to reach out and offer my services to you. If you ever need anything roof or deck/patio related I’m just a message away. I’m currently 25 and own a roofing company here in Southern California and it would be an honor to serve you.
Keep killing it man. Thanks for paving the way for young enthusiastic entrepreneurs.
Also,.... RUNESCAPE
You’re the man of real estate 🏡
Miller Mar&em He’s a real estate God
This type of video is the best. Keep this content coming.
No tile in rentals! Unless you want to hire someone for several hours to clean and/or re-grout every few years.
I loved the infos that you gave on this, thank you
I think you need a new roof Kevin. The last thing you want is having to repair damaged ceilings when you have a tenant installed.
Wait..is Kevin Zezima??
Kevin, What would you recommend instead of mini-blinds? wooden blinds/vertical/Velux? Video idea: can you do a home-depot series or something, telling us what paints/fixtures you recommend?
They have several videos with his wife together at Home Depot recommending different fixtures. Dig around his channel and you should find them.
Please post more videos like this. This is great for investors like me
I need to learn how to do that vinyl wrapping.
Im from another country, but as a landlord, I made the same mistakes.. This video is very useful for everyone, everywhere.. Not just for EUA.. Thanks!
This guy used a runescape picture 😅
he a certified OG
Build a roll out spice rack for the space in between the stove and counter. Cheap fix
Except that the heat will mess up the spices🤷♂️
Great video! Very informative.
Genius, humble sounding, video!
My first rental was literally a drug house. Which was a surprise to only me. 🤦🏼♀️
😂
Learned so much tysm !
that's crazy. I can't believe those California home prices. I bought a 4000sq ft home, 4 bedrooms, 1 nanny room, kitchen, upper entertainment room, big living room, small living room in the entrance to the home, dining room separated from the kitchen, balcony in bedroom, on a cliff, so no neighbours in the back, a view of nothing but trees, good neighbourhood, good schools, for $300k. the home was less than 2 years old. Texas is the place to be if you are looking to get more out of your money.
Great informational video. Surprisingly didn't seem gimmicky or salesy at all 👍👍
I'm so curious what you're going to do to fix all of that stuff, haha. Termites seem to be best buds with SoCal....
Door stop, the spring one versus the rigid one... Yeah I thought it was a pro move to do the rigid one as well except that the rigid ones get stepped on and bust out the base board that it's screwed into.
So I think the springy one's are better, if someone steps on them they don't tear up the base boards.
Loving the RuneScape references. After watching a ton of your videos, I am learning that you and I are very much alike. Pretty good to have a real estate role model. Even if I lve never met you. Thanks for the videos!
For me having a pressure washing and sealing business in Los Angeles that pun was hilarious
@meetkevin
@4:40 you mention to get the solid metal door stops, not the springs. I disagree. When someone accident stepped on a solid door stop at my house, it immediately broke the baseboard that it was attached to. Our fix was to get a longer screw, and screw on a spring door stop into the same hole so we don’t have to change the base. But never again will we be installing solid door stops.
Thank for the tips!