I have been working with real estate investors for the last seven years. It is all about the numbers to them. Phoenix real estate is experiencing another rebirth with homes well below $100k. It is hard not to cash flow a property in Phoenix. So, I work with investors to purchase distressed properties at a great price. Then, we have to rehab the property to prepare it for a rental.
Here are some inexpensive ways to spruce up the rental without spending a lot of money
- All new electrical switch panels for entire house
- New fans throughout the house
- New light fixtures
- Big mirrors in the bathrooms
- New Doors
- New door handles
- New front door
- Paint entire house including the trim
- Paint interior neutral color
- Paint kitchen cabinets
- Tile the entire floor
It is my job to assist new and experienced investors when investing in Phoenix real estate. I have a General Contractor on the Real Estate and Beyond Network that handles all the work. I see too many people spend way too much money when it comes to fixing up a rental property. Why? It is because they fall in love with the property. This is what gets investors in trouble. Create and stick the budget.
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