Tenant Turnover- What to Fix or Improve When a Tenant Moves Out of a Rental Property
youtu.be
The video discusses the speaker's experience as a landlord and their approach to managing rental properties. They own several properties and use the BRRRR method to fix them up and increase their value. They emphasize the importance of finding good tenants who will take care of the property and reduce turnover costs. They also discuss the potential for making updates to increase rent, but only if it makes financial sense. The speaker and their co-host prefer to keep their rental properties low maintenance and focus on adding value where it makes sense. They also discuss the importance of considering local regulations and rules when making decisions about a property.
Throughout the video, the speaker takes viewers on a tour of a recently vacated rental property and discusses potential updates and improvements. They note that they typically only make improvements if it will result in a higher rent and have not done extensive research on the rental market in the area. They also discuss the potential for increasing rent by $100-$150 per month to recoup expenses and make updates to the property.
Overall, the video provides insights into the speaker's approach to managing rental properties and highlights the importance of finding good tenants and keeping properties low maintenance. They also emphasize the potential costs of turnover and the importance of considering local regulations and rules when making decisions about a property.
The video discusses the speaker's experience as a landlord and their approach to managing rental pro