It smelled like Bigfoot’s cave.
Okay, that’s being generous… it smelled like Bigfoot’s tomb.
Not only was the smell so bad that every dog within a 16 block radius was cowering in fear, but the appearance wasn’t much better. Holes in the wall and doors, destroyed carpet, broken light fixtures, disgusting appliances.
If you’ve been a landlord for any period of time, you probably know exactly what I’m talking about. If not… don’t worry, you will. No matter how well we screen for the perfect tenant (seeTenant Screening: The Ultimate Guide) you may still have a problem. Recently, for me, it was a tenant we “inherited” when we bought the property and were forced to evict.
Perhaps you have a lot of money and can simply hire a contractor to come in and total remodel the place. Maybe you have a property manager who will take care of the problem.
Great!
However, that’s not me (yet) and I often find myself with a hammer and bleach after a nasty tenant turnover. It’s not that I like doing it, but when contractor bids are coming in around $10,000 to get the property turned over, I can’t help but get in there and do what I can to save some money. (I know, I know… a lot of you are cringing at that, saying my time is better spent finding deals. Perhaps that’s a debate for another day…)
Therefore, this article is for the DIY landlords out there, those just starting out, and those who just want to save money and fix problems themselves. The following are 8 tips that I use to get my rental properties fixed up and rented back out quickly. Keep in mind – I’m not saying this is exactly how you should do it, I’m just letting you know how I do it. Perhaps there is a tip or two in here you can use to save a few bucks on your next tenant turnover.
1.) Consider Hiring Out The Worst
(Click to read on BiggerPockets…)
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