Yaron Goldenberg's Video

#Important this week - post 3. Preparing the Property for Residential Housing - Important for Investors too !! - I accidentally deleted the previous post, so here it is:

What to do after purchasing the property? Try to rent as soon as possible. How fast? very fast ?

I buy most of the properties that require massive renovation, obviously for all of us to get an attractive purchase price, that is, below the market. I renovate the house to high standards to get the maximum rent out of the property and when I say maximum, for me - higher than the rent in the neighborhood - it is my ambition to bring the property to the most attractive location in the neighborhood.
Today I know how to estimate the cost of renovation by a certain level of finish based on detailed videos of my people in the field, a contractor's mine, and an insufficiency report (and some).
The finishing level in my renovations, is a good finishing level for rentals, not flip.
I will address the most important parts of the home:
If the kitchen of the house is asleep, I will renovate it (finger the cabinets) and not replace them (unlike Flip deal), many times I only replace marble.
When it comes to wood flooring (gallery rather than parquet), I usually clean the wood with the help of a professional who is his specialty - replenishing wood floors.
Since the houses I buy are not new (the 50-60 years) most of the baths are not in a bright condition and in every home I am professionally repainting the bath - this is called Bathtub Reglazing.
In cold states, such as Michigan, emphasis should be placed on roofs, gutters and water remedies because the abundance of rainfall and snow can damage property in the near / distant future.
Gutters - Make sure they are normal, with no liquid and the water is removed with extensions away from home
In the roofs, I always require the contractor to get on the roof to do extra sealing, to replace worn shingles even if they did not show up in the Inspekstein report. These will prevent greater problems in the future of liquidity and damage to the home.
Gradients - Gradient in the soil, it is important to make sure that it sits in a way where the water is removed from the house and the gradient does not go towards the house, as the water will seep into the basement and cause damage, tenants will complain and the income will be damaged.
In the rooms - I remove the fans and install lamps, even if the fans are brand new because the fans have more faults in the use of tenants and can cause unwanted expenses.
Appliances - We know that in the United States it is customary to rent homes with appliances - refrigerator, oven, dishwasher, washing machine and dryer.
In order to get high rents, I work with a supplier that supplies me with used appliances in excellent condition with a one year warranty and it is important to me that they look visually new. I require my tenants to purchase insurance on electrical products through the local electricity / gas company, or alternatively be responsible for electrical products. Over the years I have learned that electrical products break down quite a bit and so today we demand that tenants be responsible for electrical products and not repair them. This mechanism works wonderfully for me and saves a lot of expenses.
Another tool I recently introduced and this time an initiative of one of my tenants, is a virtual tour of 3d matter port technology in the property after renovation, this is a small payment that makes my clients high involvement when they receive the video and help me rent the house by publishing the video in the listings. - I've attached an example
Hope my tips help you, write to me if I have renewed anything for you, I would love to find out and would love to learn from you about the little hakim in the renovation.