Quote:
Originally Posted by Harmon
If you consider buying property to rent, my best advice would be to let the initial tenants do their thing. If they happen to keep the joint nice? Bonus. Rent again... rinse and repeat until somebody finally sneaks a pet in, pisses on the carpet - or just plain old have messy kids.
At that point? hire a tile or hardwood floor guy to come in and do the whole thing. Expense up front, save a ton of money in the long run.
This is coming from a guy that for about 5 years thought he needed to replace carpet for new tenants so it felt "homey".
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Good insight.
There is a TON of duplexes, Quads, and even a whole complex for sale around here in this market. There are some are in a smaller town to the south that had peeked my interest. Which is maybe 10-15 minutes away from the city where the malls and shit are. But rents are still in the $650-750.00 range depending. There are TON of them available for pennies in the north side of town to the north. But those are typically bad, poor, and mainly black areas. I have been warned about even considering those.
Getting back on the subject of flooring. I had noticed on some of those HGTV and other fixer up shows that they put down the lamenant (i.e. hard wood looking) or tile for all their units. Said it is simply a better enterprise for long term use, and rental property.
Basically easier to keep clean, and you do not have the $5000.00 (or whatever) expense to keep replacing carpet.