My tenant just moved out - here is what happened, and my plans for remodeling this property - enjoy! Add me on Instagram: GPStephan
The Program I talk about: The YouTube Creator Academy:
Learn EXACTLY how to grow an audience, rank videos on the front page of searches, build your brand, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
My second channel:
http://www.youtube.com/c/thegrahamstephanshow
For anyone who wants to invest in real estate, renovate properties…and rent them out for profit…here are just a few quick takeaways that I’ve learned along the way:
First, go for durability - even if it costs more long term
The LAST thing you need is something you’ll have to frequently replace or fix, just because it saves you money upfront. From my experience with tenants…if something CAN break, it WILL. So spend more money on things that are built to last as long as possible, and that will mean more profit for you long term.
Second, BUDGET that it will always cost you more than you think it will
Even though $65,000 is the amount I expect this to cost…trust me, I’ll look be looking back on this and shaking my head because I’m pretty sure there will need to be other small changes made throughout the process that will end up costing more. Maybe I could be wrong…but, I’m not wrong. If you’re remodeling something, always give yourself a 25% buffet to go over budget if you need to - otherwise, you risk running out of money.
And third, always monitor the work that’s being done
Even though I trust my contractors thoroughly - sometimes, if they’re not around supervising, things can fall through the cracks and get missed. I like to check in the progress every day, or every other day if I’m really busy - not only is this a great way to learn how the work is being done, but you can make sure everything is done to your liking. I’ve walked in previous projects and seen this mis-aligned, screwed sticking out of cabinetry, using wrong grout color…the list goes on.
Absolutely expect some updates on the progress of this unit throughout the next few months…I’ll do more frequent, vlog style updates on my second channel, The Graham Stephan Show - so if you want to more closely follow the progress, go and subscribe to that channel and you’ll be able to see the progression.
But, overall…I’m excited to show you the before and after, this is type of real estate work I really enjoy - and there’s something to be said about putting your own creative touch on a place, and transforming it into something like this - into a place where people would be really happy to live in.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
The Program I talk about: The YouTube Creator Academy:
Learn EXACTLY how to grow an audience, rank videos on the front page of searches, build your brand, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
My second channel:
http://www.youtube.com/c/thegrahamstephanshow
For anyone who wants to invest in real estate, renovate properties…and rent them out for profit…here are just a few quick takeaways that I’ve learned along the way:
First, go for durability - even if it costs more long term
The LAST thing you need is something you’ll have to frequently replace or fix, just because it saves you money upfront. From my experience with tenants…if something CAN break, it WILL. So spend more money on things that are built to last as long as possible, and that will mean more profit for you long term.
Second, BUDGET that it will always cost you more than you think it will
Even though $65,000 is the amount I expect this to cost…trust me, I’ll look be looking back on this and shaking my head because I’m pretty sure there will need to be other small changes made throughout the process that will end up costing more. Maybe I could be wrong…but, I’m not wrong. If you’re remodeling something, always give yourself a 25% buffet to go over budget if you need to - otherwise, you risk running out of money.
And third, always monitor the work that’s being done
Even though I trust my contractors thoroughly - sometimes, if they’re not around supervising, things can fall through the cracks and get missed. I like to check in the progress every day, or every other day if I’m really busy - not only is this a great way to learn how the work is being done, but you can make sure everything is done to your liking. I’ve walked in previous projects and seen this mis-aligned, screwed sticking out of cabinetry, using wrong grout color…the list goes on.
Absolutely expect some updates on the progress of this unit throughout the next few months…I’ll do more frequent, vlog style updates on my second channel, The Graham Stephan Show - so if you want to more closely follow the progress, go and subscribe to that channel and you’ll be able to see the progression.
But, overall…I’m excited to show you the before and after, this is type of real estate work I really enjoy - and there’s something to be said about putting your own creative touch on a place, and transforming it into something like this - into a place where people would be really happy to live in.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
Next time you want to smash… the like button 😂
Looks like you're on a green screen and not really at that house.
If they were really great tenants that place would be clean.
Hey Graham, do you have a video on how to pick your contractors? Do you use a designer to get those blueprints?
More videos like this plz
It looks like someone put a face on his body.
was there ever a updated video to a before and after video to the property?
I never leave trash when I move, when I moved a couple months ago I even made sure to go back in and vacuum, scrub the toilets etc.
Wow, I never left stuff behind when I moved out of an apartment. I fixed and scrubbed everything because I wanted to get my whole deposit back!
Don’t make it too nice, it’s gonna get stolen or ruined. 😂😂
You deserve this ahaha
That probably used to be a furnace. We had one in my house growing up
could you please recommend some contractors?
Good to see a well thought out floor plan! Good to hear someone understanding costs and time WILL increase! I always add 20% for costs and double the time.👍🏻 Nice to see you are installing quality.
i dont belidve u for a second
On the bright side, they actually moved out instead of living rent free for a year.
Update??
As a flooring fitter, it depends on the carpet you put down. Laminates on average last 20 years though, but you’re paying way more for the fitting over carpet. Worth it investment though
Tenants don't give a crap about your business. I document everything that's done.
At the end of the day you have their deposit and just gotta clean up. Who really cares bc you can always sue them and they helped pay down your marriage and you’ve made money. Cost of rentals
I wouldn't describe a tenant who left a property in that state as "amazing" unless the definition of that word is different in the US.
You’re not a designer I can tell
I think that he has superimposed his head on someone elses body.
I wish I could have bought that chandelier.
No one wants a cold slippery hard wood floor in their living room. Don’t even pretend like that’s a good idea. Carpet is way more appealing. Charge tenants for damages to your carpet by taking their deposit and just put carpet in.
Rent to travel nurses bud.
You motivate me! I can make it!!
So let me get this straight, you didn't kick the tenants out out of empathy, and in turn they leave the house looking like this for you to clean up ? Because you can clearly see some things were made on purpose, drawers out and pilled up on top of each other, they didn't even bother washing the dishes. Holy moly