Are you spending way too much on your rental renovations? In this video, I break down the #1 renovation mistake landlords make — and how you can avoid it to save money and maximize your cash flow.
Whether you’re a new real estate investor or a seasoned landlord, over-renovating your property can eat up your profits fast. I’ll show you exactly what to focus on, what to skip, and how to renovate smart so you get the biggest rent increase for the lowest cost.
We’re going to teach you this lesson by showing you a property we just renovated and the real life example of what we spent money on to make it perfect for a new tenant!
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📈 What You’ll Learn in This Video:
✅ The most common renovation mistake that kills your ROI
✅ How to tell if you’re spending too much on upgrades
✅ The simple, high-ROI renovations tenants actually care about
✅ Real numbers: how I keep renovation costs low & increase rent
✅ My proven tips to get your units rent-ready — fast!
Join the creative cash flow club
https://www.chandlerdavidsmith.com/creative-cashflow-club
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I wouldn’t mind another video like this in the future. A lot of good perspective in it. What’s the square footage on the downstairs living area? Looks pretty similar size to where I live now. Thanks!
So tired of videos talking about homes bought 5 years ago 😢😢 completely irrelevant, properties have all doubled in price and interest rates are cooked
10:47 the difference between you being a slumlord or not is having a good tenant???? Sounds like b.s.
ever thought of developing duplexes or fourplexes?
Great video! Random question- When you set aside money over the years for capex, do you keep it in a separate bank account or do you keep all of the rental income in one account?
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Great video like always brother!
Как вы решаете, когда стоит делать ремонт, а когда лучше просто обновить? Поделитесь своим опытом!