You don’t need granite countertops to raise rents.
We didn’t renovate kitchens. We didn’t touch bathrooms. No new flooring, no paint, no fixtures. All we did was install washers and dryers in units that already had hookups.
Tenants loved it. It gave them their evenings and weekends back. And we saw an immediate $50 rent increase per unit.
That’s forced equity.
In multifamily, cash flow comes from smart, simple upgrades not big renovations. The goal is to create real value, not just spend money.
Comment #Multi to get the Multi-Family Deal Due Diligence Checklist we use on every deal.
#cashflowisking #valueaddrealestate #realestateinvestor
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