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STUPID Mistakes ALL Homeowners Make -- DON'T DO THIS!
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Күн бұрынLet's go deep on the costly mistakes homeowners make when they consider real estate renovations. Learn the psychology and mastery of a pro & use code: Feb202020 for *28% OFF* any courses: meetkevin.teac... INCLUDING Investing, Sales, Management, Finance, & Vegas Meetup 2-20-2020.
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#Remodel #NoobVsPro #SlumlordvsPro
@Montu4g63 4 жыл бұрын
So what your saying is Pro's marry a property manager.
@willn8664 4 жыл бұрын
And hit their sweet spot....
@carloscash2580 4 жыл бұрын
He's soooooo hot
@JasonWalter1 4 жыл бұрын
Montu4g63 and a supportive partner too 😊
@CommandoMaster 4 жыл бұрын
Her sweet spot must be glorious!
@brianamills6440 3 жыл бұрын
Basically...
@steffie6510 4 жыл бұрын
As a rehabber of almost 40 years and a Stager of 30 years, I call the upgraded light fixtures, ceiling fans and cabinet pulls, the jewelry for the house!! Let me explain, every woman knows walking out the door the most important part of your outfit is the shiny jewelry :-) it complements the house so beautifully and it's the thing the woman always recognizes first. Please please if you do nothing else add another $30 per light fixture in the main areas including the hallways! You have no idea how much faster your house will rent before the others :-) that's also how you're going to get top rent. I also do that in my airbnb's :-) have a great day
@8dodger7 3 жыл бұрын
order Led pot lights on Amazon. 100$ / box for 10 pieces. Easy to install and fit anywhere , even directly over a joist.
@L-M-O-1 4 жыл бұрын
The difference between landlord & slumlord- •Landlords offer you the basics (including fridges) & keep your rental functioning properly & does proper upkeep of the buildings & systems & handle problems as soon as possible. They will also upgrade materials as needed to ensure the problems don't continue to reoccur if the inferiority of the materials initially used was a problem. •Slumlords will cut some incredible corners, used faulty, inferior material that doesn't stand up to regular wear & tear, will hire cheap, unlicensed labor to do repairs & use systems that aren't up to the task they were bought for such as using a water heater suitable for a quadruplex in a 25-unit building & they will wait until the city sends them a violation from inspection before they do replace it with an equally inferior duplicate because that will cost them less money in the long run
@lukazupie7220 3 жыл бұрын
So a million dollar house that has no fridge is slum.. got it thanks!:)
@davepugh898 4 жыл бұрын
As a property manager of 200 units, she's absolutely correct on pretty much everything.
@556andy 3 жыл бұрын
Wow im 18 years old and i want to become a real state investor and still don’t know where to start can you please give me advice and guide me?
@cantaimcj 10 ай бұрын
@@556andybuy a house
@debborton1228 5 ай бұрын
Your a slumlord 👍
@mrguaranteed 4 жыл бұрын
She needs her channel she’s amazing bro! She knows her stuff!!!
@siminitchi 4 жыл бұрын
She definitely is a smart property manager. You are lucky 🙃
@DeusExAstra 4 жыл бұрын
In the Bay Area apartments come with refrigerators. it's insane to not have one. Who's buying and carrying a fridge from rental to rental? That's just ridiculous.
@corky8490 4 жыл бұрын
On the East Coast refrigerators are included! I've never heard of that...
@L-M-O-1 4 жыл бұрын
@@corky8490 exactly! It's actually a legal requirement in most if not all cases
@thebrandedmama8704 4 жыл бұрын
Most HOUSES not apartments require you to get your own refrigerator. People tend to rent the same house for a longer time than apartment dwellers rent.
@vijo461 4 жыл бұрын
Every area is different; some areas require refrigerator and stove some don't. It just depends on the area.
@NO50D1 4 жыл бұрын
I've spent a lot of money on my appliances, when I move they come with me.. Edit: I just want someone else's shit in my space, and I don't care for basic appliances.
@RioTheHitman 4 жыл бұрын
You should have her on your channel more shes really on point
@lm1534my 4 жыл бұрын
True
@EnjoyedSkillet 4 жыл бұрын
Agreed!
@JasonWalter1 4 жыл бұрын
I agree! She’s a great edition. I wonder if my wife would want to be in one of my future KZfaq real estate videos.
@born2bmensch61 4 жыл бұрын
Lauren is wonderful. They really work well together. (Kevin, I hope you know how blessed you are 🙏🏼) -Duke 🇺🇸🇿🇦
@Vid_Master 4 жыл бұрын
I agree she really explains everything in a way that everyone can understand. As does Kevin! The only problem is that Lauren doesn't have 99 Construction on RuneScape, and she doesn't have all of Cortana's lines in Halo 1 memorized, which are both extremely important for real estate investment and contracting work.
@roundedges2 4 жыл бұрын
Lauren: “Little sliver in the middle..” Kevin: “You mean like a “WEDGE”?
@LGM030G 4 жыл бұрын
2:45 Wood can cost between $10 to $14 per foot while porcelain can cost ten..... To FOURTEEN dollars per foot.
@TheDipset1233 4 жыл бұрын
Lol he slipped
@8dodger7 3 жыл бұрын
That's is contractor installation cost and material combined.
@kkp4297 4 жыл бұрын
That $1.68 vinyl plank isn't slumlord because of the color (they have other colors available online) It's slumlord because that shit is made poorly, with thin wear layer.
@Joe-bm4wx 4 жыл бұрын
Yes, absolutely. I will not rent a place that has that shit. It wears down fast, and then you're responsible for it.
@ericspencer8093 4 жыл бұрын
That's not been my experience at all. Maybe you're mistaking laminate for vinyl plank??? When I bought my house (in a warm, humid climate) it had hardwood flooring. It was in bad shape: scuffed, scratched, and warped, and it was less than a decade old. I lived with it for several years, watching it get worse and worse. When I was able and considered replacing it, did a lot of homework first---even considered just carpeting over it as the cheapest alternative. Finally settled on vinyl plank. 6 years later, and I could not be happier. Looks just like the day it was installed. Nearly impossible to scratch, looks just like hardwood. Impervious to water, cleaners, harsh chemicals like bleach, etc. Color hasn't faded. Still have guests mistake it for hardwood.
@samherrick8656 3 жыл бұрын
@@ericspencer8093 Not all Vinyl planks are waterproof, you can buy $1.50 trash board or sit at like 1.90-2.30 for waterproof
@born2bmensch61 4 жыл бұрын
Kevin- this is the second video I’m seeing within Lauren. (The first was you two going to Miami. Discussing the potential AIRBnB property) My guy, she is simply AMAZING!!! She should have her own channel. She has a beautiful, knowledgeable delivery style. No hype. Just facts. Psssttttt..I like how you speak to her. I can feel your love and RESPECT for her. I can see it. -Duke 🇺🇸🇿🇦
@inthesun3884 4 жыл бұрын
He looks at her with puppy love eyes. Too cute.
@AugustSlippedAway15 4 жыл бұрын
I need Lauren to have her own KZfaq channel about design and staging and investment properties for women! I’d subscribe
@eugenberzani1216 4 жыл бұрын
why does it have to be "for women"? Are you for women and men to be segregated? I have a place that you will love: KINGDOM OF SAUDI ARABIA
@IMFAIMOUS 4 жыл бұрын
@@eugenberzani1216 high hi
@samanthakulppi5729 4 жыл бұрын
I'd watch Lauren everyday!
@DannyBoyle-tp5vg 4 жыл бұрын
kinda stylish fuck you misandrist
@robbievargas8479 3 жыл бұрын
You are a sexist, shut up.
@Lisa.M.J 4 жыл бұрын
👏Now that’s a REAL power couple! Lauren definitely brings value to your content Kevin.
@jesswhite8087 4 жыл бұрын
You found a keeper Kev. Lauren is legit.
@Lisa.M.J 4 жыл бұрын
@Jess White I know right 🙌
@born2bmensch61 4 жыл бұрын
I’d love my wife to be friends with her. -Duke 🇺🇸🇿🇦
@GilBatesLovesyou 4 жыл бұрын
One weird idea I had for a rental property is just putting drains everywhere I can. As in, a secondary drain in the corner of the bathroom in case the toilet overflows, one in the kitchen, etc. Sometimes properties are damaged by purposeful vandalism but there is also just things like an overflowing toilet or similar that can cause problems. BTW, one tip I found for the under the sink problems. Use 1/4" Hardibacker tile board instead of luan/plywood. You can score and snap to cut it, and it's water resistant/not deformed by water, so it won't warp. I've used it as well to repair Masonite garage door panels, too. I'm a contractor and a lot of my work is polishing rental turds.
@rpvitiello 4 жыл бұрын
GilBatesLovesyou I have seen kitchen cabinets in new construction have stainless steel pans under the sink cabinet now. May be an option worth getting.
@rpvitiello 4 жыл бұрын
TheFNASSHOLE or you spend $10 on a silicone drain seal www.amazon.com/Backflow-Preventer-Toilet-Bathroom-Silicone/dp/B075WRS7VW/ref=pd_aw_fbt_60_img_3/135-0659149-0242546?_encoding=UTF8&pd_rd_i=B075WRS7VW&pd_rd_r=8210bf5e-e055-4038-9ed2-319b15835d6d&pd_rd_w=aaIWL&pd_rd_wg=Qw4uP&pf_rd_p=0bda97b1-9615-4960-b748-b906a3521083&pf_rd_r=34G6JWNJQJ8VPEMZKYMV&psc=1&refRID=34G6JWNJQJ8VPEMZKYMV
@Joe-bm4wx 4 жыл бұрын
Uhhh, EVERY house I've rented (even in So Cal) ALWAYS includes the fridge, washer, and dryer.... I would pass up any house that doesn't include that.
@justSTUMBLEDupon 4 жыл бұрын
This is a video you have to watch a few times and take notes. We gonna need some more examples too by the way. This video was very informative Side note: love her! Goes to show picking the right person on your team is super important. Marry someone who wants to build with you not just wait for you to come home
@surferbone82 4 жыл бұрын
Having someone with this type of knowledge for your first rental is invaluable. We saved so much money having our realtor (aka mom-in-law) help us make our first rental renter-friendly which meant saying "no" to a lot of our design choices which we thought looked good, but would be considered unnecessary overspend. We even considered an entire remodel on our kitchen just because it looked a little dated!
@KathrineAnnVlogs 4 жыл бұрын
I really appreciate these renovation videos. You are the only channel I can find that makes great quality content about the specifics of renovations. I appreciate you
@michaelbouley2294 4 жыл бұрын
Carpet is a sponge soaks up everything and it cannot be cleaned enough.
@waschell1 4 жыл бұрын
This is gold for small potato landlords like myself. You answer all those nitty-gritty questions about what you should and shouldn't do to get a property ready to rent. Thank you!!
@charlesfrusa5049 4 жыл бұрын
"Think about how appealing to the masses". How in a few words we can describe a successful business. Well said!
@NeilDoesStuff1 4 жыл бұрын
That's crazy that it is normal to not supply fridges and washer/dryers. Every place I've ever rented came with those but also never rented in ca
@djcruiser9816 4 жыл бұрын
Neil Seifried 100% agree. If it has a water line connection I want to know that it is a solid machine and installed properly. A leak can cause costly damage to the property.
@joijackson-morgan6128 4 жыл бұрын
That’s usually a So-Cal thing. When I moved from the Bay Area to the LBC, none of the apartments came with fridges. I was so shocked.
@rpvitiello 4 жыл бұрын
Seems like this is a case of having to know your market. Northeast USA almost every apartment has a fridge, except very low end properties. In Tennessee I have seen kitchens have NO appliances, not even a stove include. Apparently an extreme example is Germany, where the entire kitchen isn't even provided, not even the cabinets. It's just an empty room. Know the custom where you are, and provide what's expected.
@L-M-O-1 4 жыл бұрын
@@joijackson-morgan6128 😳😲😖
@MilenaKoncar 4 жыл бұрын
Its DISGUSTIMG to use other peoples washer and drier and fridge! 😝🤤
@RP-pi9yp 4 жыл бұрын
Interest rate cut by 25 basis points , let's hear your report Kevin, anxiously awaiting ...
@nw9801 4 жыл бұрын
Ray Phillips SAME!!! His first prediction was right
@youtubeaccount69420 4 жыл бұрын
Indeed, Gave some good strength to the USD from what I have seen.
@kiput3647 4 жыл бұрын
@@nw9801it was pretty obvious if you follow the markets
@guytech7310 4 жыл бұрын
I don't the 25 pt cut will be enough. IMHO, I would wait for the next recession that look for properties selling at a discount. Normally Recessions occur every 7 years, and currently the last recession is now over 10 years. Odds favor a recession will happen sooner than later. In a recession you have a bigger selection of properties and the will likely sell at a discount. You just need some patience.
@kiput3647 4 жыл бұрын
@@guytech7310 we are in a new era, expect the unexpected and dont based future outlooks on past performances
@daneelsamoylenko9209 4 жыл бұрын
I completely agree, even with your 1st video on this subject. But I have only one thing to say. I rented a house that had extremely cheap countertops, floors, etc. It was extremely hard to take care of, and it seemed like the owners would just replace everything with a new tenant, and just make the "tenant pay for it" felt cheated honestly. extra the countertops were one of those ikea ones, under a 100$ and they would stain for like no reason. the backyard had mulch in places, and didnt have a black tarp under. No way to control weeds.
@shawntripp3998 4 жыл бұрын
Wow, slum lords sound awesome in California!
@bkucenski 4 жыл бұрын
My tenants left a huge black stain on the light colored carpet when they left. I had Zerorez come to clean the carpets. They didn't say anything going in but that stain was completely gone. They had a pretty good idea that's what would happen but didn't want to promise anything just in case. I had put in really cheap, very stain resistant carpet. It was basically made of plastic so the stain couldn't actually soak into anything so it could be sucked right off. That's also an important consideration, what the carpet is actually made of. That has a big impact on whether stains go away or just fade a bit with professional cleaning.
@Conformist138 4 жыл бұрын
In my area, no fridge means no rent. I dont know of a single unit anywhere that doesnt include one. They come in different sizes and I'd be super annoyed to limit my options to units with a compatible sized fridge space.
@CommandoMaster 4 жыл бұрын
Not marrying a smart 29-year old girl is a stupid mistake all homeowners make!
@GilBatesLovesyou 4 жыл бұрын
This is a little weird. Where I'm at "slum lords" mean 1970s asbestos tiles, a 1960s oven, and original wood windows with cracked shellac all over them with everything else being painted with the cheapest $15 a gallon Glidden paint from Home Depot with runs and blobs all over everything on top of wallpaper they were too lazy to remove. Make sure any holes in the drywall are patched super conspicuously as well and not sanded down either, that's a lot of work, that sanding stuff.
@user27278 4 жыл бұрын
Exactly, painted hinges and electrical plates, drips on linoleum tiles etc
@GilBatesLovesyou 4 жыл бұрын
@@williamhinshaw6838 I guess cheapo contractors, but sometimes it's in house maintenance teams.
@KL-bc1eg 4 жыл бұрын
I installed a jacuzzi bathtub which cost $1,000 more and got higher-end stainless steel kitchen appliances while other properties in the neighborhood I checked out didn't have them. I had multiple bids and sold the renovated house within days on the market in San Francisco, CA in 2006 before the market busted. Asking price: $1.525M. Offered price: $1.65M. House flipping is fun if you are into that stuff. I've learned many things from my contractors and I can do most of what they can do over the years. I've learned general plumbing (except under the house...too damn dirty, I'm too flimsy, and I hate spiders), electrical (except the fuse box...don't want to get zapped higher than 120 volts), tiling, flooring (except carpet which are soooo 80's...i hate carpet and wooden floors are best for flipping), cabinet assembly (but I can't put them up since I'm too flimsy and weak for that since I weigh 100lbs at 5'1" tall), and general repairs. I don't mind changing the toilet tho and stare at the black hole where the wax ring thingi is. Don't ask me why, but I've seen worse when I was in nursing school. If you're gonna get into this business, learn the cost of parts and labor. If possible, buy the materials yourself and be frugal without being too cheap. Don't settle for mediocre materials. Kitchen and Bathrooms are key to success. Comb your neighborhood for open house and check them out to get an idea how you fair. Use a 3D software to visualize designs and concepts. Don't start knocking walls down before you know what you are doing. I do admit that a sledgehammer on a rampage, taking it out on the walls is kind of fun. :) Stay contemporary even though you love grandma's 70's wallpaper design. Cut that crap.
@ShaneHummus 4 жыл бұрын
Imagine the thrill and the excitement of finally owning a house and buying stuff to beautify your home. Just always remember to buy something that's comfortable and useful, not just because it looks good. Good budgeting skills is gold. Awesome video man!
@luiscaminero9145 4 жыл бұрын
Damn, I should have thought of this before I painted my room black and white.
@jimtarwater162 4 жыл бұрын
You got the spot correct. I made a few mistakes in the beginning. I once fixed the lawn sprinkler system and tenant never used it and broke the sprinkler heads mowing. You can easily spend too much, but don't. I like the $1 tile that is 12x12. Cheap, but still looks good.
@DavidIknaian 4 жыл бұрын
I've never heard of people moving around with their own washer/dryer and refrigerator. Maybe because I'm in MA and if you didn't have a refrigerator good luck renting the apartment. Same as a washer/dryer, I've never seen renters with their own. The apartment has to either have in-unit or the property has a common laundry room. Again this is in MA, I guess that's normal in CA.
@ELwow2 4 жыл бұрын
You started with good recommendation until you said carpet is good for bedrooms. I manage over 200 tenants and carpet never worked out to be a benefit. Vinyl planks is the way to go.
@aliburch4273 3 жыл бұрын
As someone who is just beginning to map out a budget home reno, I actually went to Lowes first thing because I know they price match xDD It's awesome to know there's tricks I could employ to make those renos a little closer to my thin per-room budget
@oxpahnakompromatkohtpol436 4 жыл бұрын
First mistake was shopping at Lowe's (or Home Despot). Lots of cheaper places that have stuff just as good.
@jonathanpope5068 4 жыл бұрын
You are not a slum lord if you install a new floor regardless of how you feel about the style. Also mold will grow on bleach or after bleach has been used to clean mold. Take a swimming pool as an example. Bleach is a little bit of chlorine mixed with mostly water, just like a pool. In very short amount of time the chlorine dissipates and you are left with just water. This is the main reason you use mold specific products that will leave a residue after it has dried up that can last 6 months and up to a couple years depending on the product.
@xBeauGaming 4 жыл бұрын
More of these!
@jackjansky3176 4 жыл бұрын
That was a great video, as a rental owner I have followed theses exact principals for over 10 years. Updating fixtures and paint, and recently going with Luxury Vinyl Plank for approx $2 per sq make the rental stand out over other rentals.
@HunkMine 4 жыл бұрын
Dark floors are going to be out of fashion fast, just saying. Warm wood is timeless
@user-xc3yb1vk2e 2 ай бұрын
Dark wood or not have anywhere to live ?
@syguzman5739 4 жыл бұрын
13:44 Lauren: "You put in the fixtures, whatever is most popular.." Kevin: "Boobs?" _Lauren_ _keeps_ _a_ _straight_ _face_ 🤣
@alexandruulici-buyingfreed9118 4 жыл бұрын
Even though I don't have Lowe's in Romania, I still find the information really useful! Thank you, Sir! 🙏
@ronbrendag7131 4 жыл бұрын
Brickodepot
@thethcgrower7895 4 жыл бұрын
Ron & Brenda G da
@kkp4297 4 жыл бұрын
My gray shaker cabinet doors will hopefully be in style for the next 40 years.
@zr2ee1 4 жыл бұрын
i think you can find a lot of energy efficient upgrades that don't break the bank and actually make your property a lot more marketable. replacing all the bulbs in my house with LED's $150, replaced high traffic area switches with motion sensing ones for $10-15 a piece. Whole house fan or attic fan for a few hundred bucks. Things like that make a way bigger bang for your buck before you go for solar panels or new energy efficient appliances. And you can market cheaper energy bills to your prospective buyers or renters.
@leebeetle 3 жыл бұрын
One of my pet hates when I rented a house was the cheap grade stuff they used. Eg. They ripped up the old lino and had a handyman hand go over the wood floors with some sort of floor polish. Each room it became thinner and you could see the hand brush marks, wasn't done behind doors. Paint on walls would peel off if you washed or touched it etc. This made the tenant set up to fail with damage and the real-estate was routhless. So I got out as soon as contract ended and paid a handyman to fix mistakes they made so they couldn't charge me for them. I felt I couldn't "live" in the house felt we lived on eggshells not to make damage. due to that set up to fail mentality the investor had.
@Andriykoblin 4 жыл бұрын
Definition of slum lord in CA is waaaaay different than what I think! I have laminate square tiles from early 2000s and plastic blinds in my apartment and think its acceptable! LOL
@Eric3Frog 4 жыл бұрын
Where are your properties? And, are they A B C or D properties, for your area?
@Andriykoblin 4 жыл бұрын
@@Eric3Frog sorry, my apartment as in the one I live in. They are probably a or b in Cleveland ohio suburbs. I dont see them as outdated really. Its just 'rental grade"
@ebonycombs1677 4 жыл бұрын
Facts I'm from Cleveland
@lukazupie7220 3 жыл бұрын
In my apartment i have everything from 80s.. and i get top money for it :)) ~350feet2 330eu, so almost 400$.. this is in Slovenia small city (6000 people) where min wage is 700eu/month and many people actually are paid min wage, unlike USA. It is crazy imo but I don’t complain. And it is all because city doesn’t make more land available for big complex buildings. If they give me cheap land i can build a complex and rent place like mine for 200eu. And this is very left wing city, they are supposed to look after poor.. but they don’t even understand basic economics probably.
@annettetolbert1211 4 жыл бұрын
You have to supply your own large appliances when you rent in CA?!? Well, I have learned something new. In North Carolina, folks would be confused if they were renting a place with no fridge. Lol, Wow.
@user27278 4 жыл бұрын
It's new to me, I've always supplied the fridge
@ArcaneVenom 4 жыл бұрын
Buying my first home (at 26) here in the UK Kevin, I plan to turn it into a rental in 3 years time - excellent video, really appreciate yours and your wife's advice.
@cscetown 4 жыл бұрын
As a small flooring business owner. Spend the extra 25 cents and shop local. Better people, better installation and an all around better experience.
@alpha-bf7hy 4 жыл бұрын
Kevin, the 6 commercials. They're killing me. Why
@meichelle2000 4 жыл бұрын
Revenue.. So he can make a few bucks off of your view...
@keithkrueger1609 4 жыл бұрын
i have rentals that i accept dogs and i get 300 per month more than neighboring rentals because of this. renters prefer i don't replace carpet or floors since they worry they would be charged for damaged. my renters stay on average 5 years, all my rentals are under 17 years old. also offer to pay for carpet cleaning each year for free. most times the tenants shedule it themselves and send me the bill. be honest and work with renters. mine also get 100 dollar gift card for Christmas after i do all my yearly walk through first week of December.
@8dodger7 3 жыл бұрын
Grade A Tenants do not like carpet unless it is fresh and even then. 1) Tile is tenant proof (p.e.i 4) Buy once cry once 2) Luxury vinyl in bedrooms. 3) Tile sink base Cabinet and trim the inside with painted wood trim
@martylts 4 жыл бұрын
I am surprised about "no frig". I have lived in 4 different states and rentals always had a frig. With washers and dryers, I have seen provide your own or included.
@coherentpanda7115 4 жыл бұрын
It's a California thing, especially in the LA/SoCal market. Landlords aren't required by law to provide them, and much like washers and dryers don't want to be responsible for the maintenance and cleaning of them.
@euenfheiejrj 4 жыл бұрын
I haven’t heard that either and I’ve lived in NYC for 7 years lol
@WolfBoy70 4 жыл бұрын
This was very informative. I find it very difficult to stay in that "sweet spot" of not spending too much on an item because I really like it and I indulge myself as a reward because it's intended for the long term; I like dark and bold styles. Her advice to "Buy neutral for a rental" If I remember right, my parents and friends have said the same thing. It makes sense.
@uNiandstrize 4 жыл бұрын
Regarding the windows, it really depends on the climate you live.
@YoungMoneyInvestments 4 жыл бұрын
Good info but was a LOT OF FLUFF. To summarize: buy quality fixtures/appliances (if aplicable) for your home that will become a future rental. Don’t over spend on blinds, fixtures, cabinets, paint instead of replace, look for floor models or appliances with small dents, scratches or defects. Stick to the earthy tones, don’t narrow your potential cliental. Honestly, pretty basic and simple stuff. One more tip: get a Lowe’s card to save on costs of renovation materials.
@barefoothippielibtard9691 4 жыл бұрын
Young Money Investments Everything video is fluff with you boil the whole video down into one paragraph. Smh
@dancameron2719 4 жыл бұрын
@@barefoothippielibtard9691 Thought the same thing about it. Liked the condensed version of the video more!
@YoungMoneyInvestments 4 жыл бұрын
@@barefoothippielibtard9691 Haha you have a point! 😉
@kiput3647 4 жыл бұрын
yea but most people are literally retarded so i guess he caters to the general public, this is common sense of course but that's getiing more and more uncommon.
@YoungMoneyInvestments 4 жыл бұрын
@@kiput3647 Amen my friend! 😂
@goonies4367 4 жыл бұрын
Pick whatever paint colors u want. In your own house! Not a rental... Yes my home will be a rental someday but paint not that expensive.
@bloodgain 4 жыл бұрын
I think these are all good points except 2: 1) You can get modern flat LED fixtures for $20 each these days. Boob lights are so incandescent age and were ugly back then. 2) Those new style high-efficiency washers/dryers are great if you buy the right ones. I have a 10+ (maybe 12?) year old LG brand set with direct-drive motors (i.e. no belts) that work great and still look practically brand new. They're huge, too, so I can do a lot fewer loads. Don't pay retail price, of course, that's stupid, but I paid like $1500 for the set after tax and will probably get another 10 years out of them easy.
@shedaft 3 жыл бұрын
Heyyyy, there’s Lauren. (I’m just catching up on old videos) I KNEW she had a bigger hand in all this. You guys are a power team! So cool. Goals!
@stuarthirsch 4 жыл бұрын
I believe even if you aren't going to rent a property and later sell it, try for the upper end of the sweet spot. You don't get more from buyers for over improvement. Even though home improvement shows and networks try to tell you you do.
@joeo7257 4 жыл бұрын
Huge score for Lauren! Lots of good information here. In my state my rent is not $1200/ mo. It is more like $700/mo. I believe my target range would be lower quality than yours. Point taken: if you over improve, it will not be noticed or appreciated. If you under improve, you also will attract more problematic tenants. Maintain your proper standard.
@tomatobrush3283 4 жыл бұрын
The luxury vinyl is more expensive where i live than porcelain. The US is usually about 10-15 years ahead of the UK in the quality of finishes. They do exist in the UK but they are very expensive and you don't find anything more than laminate and carpet in rental properties. Laminate if you are lucky. Most rental properties where I live don't come with dishwashers or kitchen islands or nice counter tops or nice functioning showers. Adding those features can increase your rents and increase your returns when refinancing.
@jordanpage176 4 жыл бұрын
Something valuable I learned from this video: Use wood looking linoleum tile to cover imperfections under kitchen and bathroom sinks
@user27278 4 жыл бұрын
That's slumlordy
@jordanpage176 4 жыл бұрын
Is it though? It’s simply an alternative to paint right? Under the kitchen sink is usually not the prettiest area anyways. Most of the time it just holds cleaning supplies anyways. Besides, it’s WAY better than the wallpaper under the sink I peeled up in the house I just bought. Lol
@jordanpage176 4 жыл бұрын
In my opinion, slumlord just means deferring maintenance and providing an overall unclean & uncomfortable place to live with no intention on ever making improvements. Going out of your way to make the least opened cabinet look better isn’t very slumlordy. Like he said, it’s not like I’m covering up mold.
@user27278 4 жыл бұрын
@@jordanpage176 no, listen to what he says tho, he doesnt just mean a water stain he means compromised wood, thats what he means when he says instead of replacing the wood that can be costly. That's slum lordy
@mrnt1257 4 жыл бұрын
arturo raygoza what difference does it make if it is covered over or painted over? I would rather put $ in another place that shows rather than under the sink. I think 90% of renters would agree with that.
@Dana5775 4 жыл бұрын
Really depends on the neighborhood! If the area commands high rent your best choice is quality. If the Neighborhood is low income go with cheap stuff!
@OurOneLifeAz 4 жыл бұрын
I can not believe people were calling you a slum lord. We call that wisdom! Had someone tell me they refuse to water plants on their rental because they are not going to take care of the owners stuff. Mind blowing! This is the mindset that keeps people renters and never owners.
@kennethsinger561 4 жыл бұрын
How does them not watering plants keep them poor?
@OurOneLifeAz 4 жыл бұрын
@@kennethsinger561 mindset. Self centered only serving ones self. It's not the plants that it is problem, it's the idea that if they dont get something out of it, then screw you. That mindset keeps people poor. This yt channel is a great example. No channel starts off making money, it starts off unmonitized and offering free information. That giving mindset leads to more later, but if all Kevin wanted was to squeeze everything out of it for himself only in the beginning, there would be no Meet Kevin. Hope that answeres your question.
@ericstyer2890 4 жыл бұрын
I initially took you for a schmuck but have since grown to like you. Your better half seems like a reasonable lady too. Kudos to you Kevin. When it comes to AC systems SEER ratings are worthless. How many times has someone overspent and seen hardly any difference in their utility bill? Money is best put in the duct systems and sealing it. How do you feel about acreage for personal property, not to be rented? I mean they’re not making the stuff anymore right? Take Care Y’all!
@GravityGamerXCII 4 жыл бұрын
Also a good thing about vinyl floors is if your house gets flooded or anything happens you actually make money off the floors because it’s so cheap so your insurance gives you more money then you actually spent, plus you can install them yourself
@navyseal4000 3 жыл бұрын
Kevin out here like "how can I say boobs in my home improvement video a ton of times 🤔"
@guytech7310 4 жыл бұрын
Issue is with cheap materials is that often don't last, especially if the renters have children or pets. In the short term, a cheap product will save money, but the real cost is the installation labor. Sucks when you have a problem, pay to remove the old damaged, worn out product, pay for the replacement product, and pay to have the replacement product installed. Durability would be my target. That said, often a lot of expensive products aren't always durable. They are constructed to look elegant over durability. One area you don't want to cheap out is plumbing, a leak caused by a cheap component can costs thousands of dollars in repairs.
@angelortiz5449 4 жыл бұрын
Didnt watch it full before commenting im literally debating in a home depot parking should I paint the baseboards the same color as the walls answered it Thnks you guys are amazing
@artofbusiness7593 4 жыл бұрын
Great Team. Best Video Ever. Learned a lot. I’m only a Renter-for now. Thank you, Mr. Paffrath and Lauren...you were both on point.
@franzvanjulio5523 4 жыл бұрын
Great video and helpful information. I keep thinking about your son as she reminds me so much of him. You two have a lovely family.
@Emmannie 4 жыл бұрын
What a cool video! Adding Lauren's take was a nice touch b/c she provided several great, objective insights. (I especially enjoyed her seemingly bashing the famous "Modern Farmhouse Style" on the basis of how fleeting it really is. To me it's overrated.) Additional Pro tip: Don't get your hardwood floors at Lowe's/HD!! (For your home, not your rental.) I respect getting the luxury vinyl and I would in a rental, but for my home? Definitely hardwood, as that's the kind of quality buyers in my area expect should we ever sell. Lastly, thanks for the reminder to NOT over-improve, even if we're in our forever home (which we are): It's important to remodel based on our realistic lifestyle and not today's trends.
@Eric3Frog 4 жыл бұрын
In the Washington DC suburbs I live in, I see $800,000 plus houses with luxury vinyl plank.
@slowmotionjoe6263 3 жыл бұрын
arguably i think there is a difference between air bnb rentals (short term) and rentals where people intend to live for awhile (long term) and i think sometimes spending on nice things can be good for short term rentals....im a construction supervisor in toronto....used to be a self employed handyman for 10+ years...i did a interesting project (one of my last) before becoming a supervisor...it was in the worst area in toronto right by moss park...the building the lady bought was a 3 storey building that used to be a funeral home...she converted it to a luxury temporary rental and was making about 8,000 a day...it was kinda surreal because when you were working in there it was marble, exposed rafters that had been stained, fancy ductwork, exposed brick, beautiful custom concrete floors, smart mirrors, glass showers, rooftop patios...and you would go outside and see people overdosing on drugs on the street. Even cbc news rented a unit there for an interview...long story even longer...i think people are willing to pay more for luxury short term rentals...forgot to mention though she was pretty smart on saving on labour...even though im not cheap she was able to get most of the work done by foreign exchange students from germany who were getting into the trades so they were able to live there and work on the place as a project...professionals were used when necessary...
@jr1441 4 жыл бұрын
Great job Kevin and Lauren!! These videos get a lot better with Lauren's advice too
@MagicNomadic 4 жыл бұрын
I had to stand up and shout AMEN at 5:40 !!!! details like this really set you apart and your tennant will take better care of a property when they see these fine points. You two always give some of the soundest advice in this space!
@myfantribe8501 4 жыл бұрын
Love the energy you guys bring. You have truly found your calling. Vielen Dank
@randywiley66 4 жыл бұрын
Fact
@cryptonian7706 4 жыл бұрын
I could listen to you guys for hours. You both have a wonderfull personality and are just extremely wise. Im buying my first rental this week and you guys are teaching me pro moves. Thank you both very much appreciated
@Santamonicadrainco 4 жыл бұрын
noob - hires someone to lay their tile pro - lays the tile themselves ❤️
@alexpadilla144 4 жыл бұрын
Not everyone is skilled in doing so
@ErinFrught 4 жыл бұрын
I have always felt that painting should wait until the buyer (not renter) signs on the line and allow them to accompany you to the store to choose the colors (no way to say you picked the wrong one if they picked it themselves). Once it is painted, they either love it or they repaint it themselves on their own time and dime. I feel it is a waste of time and money to paint beforehand because buyers tend to repaint before moving in. You can include an allotted timeframe to get the house painted after the buyers bought and closed on the house and chose the colors OR a discount if the new owners choose to do it themselves. I hate boring colors. My bedroom is purple (Robes for the Queen DC2C-10-4 from the Disney line). Our study is Greg Biffle Yellow from Home Depot's Nascar theme line. My son chose Pesto green for his room. I would have chosen Crayola green. Anyway, white, gray, beige all = boring but I understand the concept of appealing to the masses if you are not allowing them to choose their own colors. If you are putting in new carpet, I would do the same; let the buyer choose. Of course, renting is an entirely different situation. Masking stains is priority in renting.
@johnstutt5927 4 жыл бұрын
Fantastic information. Great seeing you two together.
@belar836 4 жыл бұрын
Tenants supply the fridge and the washer/dryer? That does sound slum lord-y.
@TrailTrackers 4 жыл бұрын
Owner should supply fridge for sure. I'm torn though on supplying a washer and dryer to my tenants
@cciphotos 4 жыл бұрын
I’m from WI and it’s actually pretty common that you have to supply your own appliances in duplexes or single family homes. Not apartment units though.
@berri5769 4 жыл бұрын
The fridge thing happens here in LA. So not only are you paying 1.5k for your one bedroom apartment but you have to buy a fridge if you didn’t have one already. Not all apartments have washer/dryer in unit itself.
@TrailTrackers 4 жыл бұрын
@@cciphotos : dang. I'm in north utah and decades ago the wife and I rented a duplex while building our 1st house and it.had a.fridge only. That's been my only "tenant" exp. But regardless, I wouldn't feel right making my tenants have to deal with a fridge so I just provide that.
@leebeetle 3 жыл бұрын
Depends where you live. Here renter supplies those items. We found if we supplied them then tenants would come alone and have their own and want to use theirs.. they would put our stuff on the porch to storage etc. Or they would want us to take out our stuff for theirs and we would have to store it
@mbchudno 4 жыл бұрын
For cabinets, you can go to Ikea and get brand new kitchen doors. they only 50 bucks and it might be cheaper then painting them.
@denniskohl9340 4 жыл бұрын
A slum lord wouldn't do any improvements and cover things up with paint. I have had dealings with both slum lords and not. Kevin is not a slum lord!!
@mindlesspuppet 4 жыл бұрын
Not even considering price, I prefer vinyl, by far the lowest maintenance flooring option.
@SupaDupaaFlyy 4 жыл бұрын
Vinyl flooring is just easier and cheaper but not the same as porcelain tiles come on. You get what you pay for in vinyl flooring, tops it would last 2-3 years if the tenant is good but if the tenant has a dog and kids throwing food on the floor every day, then good luck having that last a year.
@walkermorales337 3 жыл бұрын
I’m my experience removal of carpet and installation of laminate would take like less than an hour to install it, it takes a few minutes to remove carpet and half an hour to an hour to install laminate
@Dr_Dude 4 жыл бұрын
This is very informative, thanks a lot Kevin! I am used to things in another country, but in the US this is a great starting point for me! great guide.
@meichelle2000 4 жыл бұрын
I have a real problem with this video because I TOTALLY got SCREWED by a apartment complex a few years ago over "cheap carpet".. Now I know WHY they used what they did! To keep my deposit!! I kept very good care of that carpet and still got screwed. No rips, no tares, no damage, professionally cleaned..I needed that deposit to move and it really made me angry when they refused to give it back.. So hearing this video telling ppl how to buy cheap shit so you can screw over your "renters" and keep deposits really burns my ass...Ps; Love listening to this woman, she's very informative... I would watch her channel if she had one..
@luiavi1245 4 жыл бұрын
We want more of Lauren!! 🤩 💰
@SgtBergin 4 жыл бұрын
Also consider buying refurb appliances. I rented in Colorado and the owners bought crap appliances for a beautiful house. I was military and needed to Live there two years. I sold the appliances and for what I made replaced with high end return units that were same white color. Owner was super excited when we were done. Fridges are not common for renters.
@StanleyPaez 4 жыл бұрын
"No friends" and "Don't have to work for other people now". Because Lauren is a BOSS!
@ferencvad8251 4 жыл бұрын
Porcelain flooring is not always smart, especially if you get soft flooring after a while due to air humidity like in Florida or age.... once you have soft spots on your floor, the porcelain will break.
@kkp4297 4 жыл бұрын
egh, we got some new million dollar mcmansions in LA County that are actually using porcelain wood look tiles where they used to do engineered hardwood. wood look porcelain is not out yet. If you can get the tile cheaply installed. For a rental, it doesn't have to be perfect, but it should be super durable and not warp and pull apart like some luxury vinyl plank does
@MatanuskaHIGH 4 жыл бұрын
I know when I lived in Oregon there was a 5 year limit for carpet or something so they couldn’t charge your deposit for the carpet after small certain amount of time regardless of the carpet warranty.
@leathercheerio1 3 жыл бұрын
I have some water damage under my kitchen sink and didn't even think of those linoleum squares..thanks
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