Real Estate Investing with Coach Carson

#374: The Best Appliances Every Rental Property Must Have

Dec 16, 2024

Casey Franchini, a self-managing rental investor with nine properties, shares valuable insights on selecting the right appliances for rental homes. They discuss the pros and cons of including essential items like stoves, refrigerators, and washers. The conversation dives into the significance of matching appliance choices to the class of the rental property and tenant preferences. Casey also highlights best practices for appliance management to enhance tenant satisfaction and boost rental appeal.

38:53

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Episode guests

Casey Franchini

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Quick takeaways

Including essential appliances like stoves and refrigerators can significantly enhance tenant satisfaction and retention in rental properties.

Landlords must tailor their appliance choices to match property class, opting for durable brands in lower-end neighborhoods and higher-quality models in upscale areas.

Deep dives

The Importance of Appliances in Rental Property Management

Appliances play a crucial role in maintaining tenant satisfaction in rental properties. Offering essential appliances like stoves can enhance tenant retention, as functioning appliances lead to happier renters who are more likely to stay long-term. The financial implications are also significant, as appliance-related expenses can represent a substantial part of a landlord's budget, particularly concerning repairs or replacements. Understanding the types of appliances and their potential costs is essential for efficient property management and can directly impact the profitability of rental investments.

Intro

2min

The Essential Stove: Maximizing Rental Appeal

10min

Understanding Rental Property Classes and Market Expectations

2min

Essential Kitchen Appliances for Rentals

15min

Enhancing Rental Appeal with Appliances

7min

Strategic Appliance Selection for Rental Properties

3min

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm

🎙️ Episode #374 - Should landlords include appliances like stoves, refrigerators, and washers in their rental properties? We'll cover the pros and cons, where to buy, and the best brands to consider.

▶️ Next Episode: How One Landlord Keeps His Rentals Low Maintenance in 2025

https://podcasts.apple.com/us/podcast/335-how-one-landlord-keeps-his-rentals-low-maintenance/id1448707654?i=1000649554136

📄 Show Notes:

https://www.coachcarson.com/rentalappliances/

🎬 Timestamps:

0:00 - Which appliances are MUST HAVES?

0:46 - Gas vs. Electric Stoves

7:40 - Adjust for your class neighborhood

13:17 - Venthoods & microwaves considerations

18:39 - Consider including a refrigerator

29:16 - Is there a need for dishwashers?

32:47 - Why include a washer/dryer?