034: Property Improvements That Pay Off

Do you have a girlfriend or wife? Most likely, they are the ones who decide where you are going to live. They run the roost. You’re always going to try to live in the nicest and safest place that you can afford. But what men consider acceptable, women feel otherwise.

Today, I’m joined by my wife, Shelley, to talk about all things necessary when doing improvements on your property that get you paid. Do you do too little or too much? What should they look like? What does a unit refresh standard or upgrade require? Let’s take an imaginary tour to paint a picture of what your units should look like!

Topics on Today’s Episode:

• Replace cheap light fixtures, doorknobs, and other features to make the property appear fresh and nice
• Develop a refresh standard of what a unit should look like (hinges, knobs, etc.)
• Refresh standard does not cost much more money
• Out-of-towners looking for an apartment shop via the Internet, so use marketing on the Internet
• Small changes make renters/buyers feel at home, comfortable, and safe
• Use common sense to solve 99% of your problems
• Unit refresh standard typically only costs an extra $200-250, but the ROI is huge
• Change out toilets, and always have a low-flow toilet available, which conserves water

Quotes:

“When you’re going into a 70s or 80s apartment complex...it does not cost that much more money to do the refresh standard.” Corey Peterson

“Mama wants to walk into her apartment complex and be blown away.” Corey Peterson

“Common sense can solve 99% of your problems.” Corey Peterson

Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.