Rehabbing Rentals- It's Different Than House Flipping Rehabs [R Rehab of the BRRRR Method]
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In this YouTube video, Lucas from Faster Freedom demonstrates how to rehab a rental property using the BRRRR strategy with $0 out of pocket. The property they are rehabbing is in good condition, with the siding, roof, and landscaping all in good shape. The driveway only needs a few cracks filled, and the back patio is in good condition, but they plan to remove the privacy trees. Inside the house, the hardwood floors in the kitchen need to be replaced due to a leak, and they have two options: replace only the kitchen area with ceramic tile or vinyl plank or replace all the hardwood throughout the house if there is mold. The bathroom needs the most attention due to a backup, and they plan to replace the toilet. Lucas takes us through the rest of the rental property, starting with the master bedroom and bathroom. They plan to replace the carpet in the bedroom and cable and camera the sewer lateral in the bathroom. They will also replace the toilet, clean the shower, and add hardware to the vanity. The finished basement comes with light switches, electrical wires, and receptacles. Lucas recommends checking that everything is done before putting up drywall. In the final chunk of the transcript, Lucas provides some tips on how to rehab a rental property using the BRRRR strategy. He recommends going a little farther in the rehab upfront to bulletproof the house for maintenance issues, get a higher appraisal, and attract higher-paying tenants faster. Lucas also advises systemizing design choices and paint colors to create a rental template for every house, which helps to get rehabs done quicker and subcontractors on the same page.
In this YouTube video, Lucas from Faster Freedom demonstrates how to rehab a rental property using t