real estate investment is a business

來源: joetheplumber 2012-01-11 12:19:30 [] [博客] [舊帖] [給我悄悄話] 本文已被閱讀: 次 (1623 bytes)

This may sound evident, but it takes me 2 years to gradually understand it.

After reading some of the posts in this forum, i feel not many people understand it.

When i bought my first investment property, like many others, i had a great idea and great passion to renovate it, beautify it. The house was only 5 years old, of course the wall was dirty, carpet has stains, etc. I changed the pretty new vinyle floor in kitchen and bathrooms to tiles, replaced the carpet with brand new carpet, repainted the whole house, installed ceiling fans, even add appliances such as refrigerator, washer and dryer, etc. Everything was done to my own satisfaction. I spent about 6K on this project.

Later on I gradually realized that this kind of spending only satisfied my own taste, not really brought values. After all i am not going to live in that house. It is only the tenants who will live there and who really cares. 

When i worked on my recently purchased property, my realtor and a friend strongly recommended me repaint the house, at least the living room wall, and change the living room carpet to laminate, etc, i agreed that changes would definitely make the house more attractive, but i did not spend a dime on that.

As a reward to your reading, here is a little secret to share: using magic eraser to clean the wall, don't do touch up painting, as it is very hard to find exact matchup paint.  I had tried to clean the wall through touch up, and ended up repainting the whole house. You may have similar experience. 

Any better solution? please share.

所有跟帖: 

haha, its a love and hate biz... -jy101- 給 jy101 發送悄悄話 jy101 的博客首頁 (252 bytes) () 01/11/2012 postreply 12:35:31

To add one more secret. -天下多蚤- 給 天下多蚤 發送悄悄話 (428 bytes) () 01/11/2012 postreply 12:47:05

sherwin williams promar 200 latex paint pure white.. -jy101- 給 jy101 發送悄悄話 jy101 的博客首頁 (2573 bytes) () 01/11/2012 postreply 12:54:43

LOL Inflation is not a friend of landlord. -天下多蚤- 給 天下多蚤 發送悄悄話 (38 bytes) () 01/11/2012 postreply 13:13:57

Great point!! -hot-chili- 給 hot-chili 發送悄悄話 (0 bytes) () 01/11/2012 postreply 13:05:31

agree on the magic eraser, but -texastrader- 給 texastrader 發送悄悄話 (245 bytes) () 01/11/2012 postreply 12:46:22

thanks for sharing -pyramid- 給 pyramid 發送悄悄話 pyramid 的博客首頁 (286 bytes) () 01/11/2012 postreply 12:52:17

I don't agree with you and the most landlords here -綠也- 給 綠也 發送悄悄話 (1539 bytes) () 01/11/2012 postreply 12:52:32

Good point!! -hot-chili- 給 hot-chili 發送悄悄話 (0 bytes) () 01/11/2012 postreply 13:01:26

totally agree! -backchina888- 給 backchina888 發送悄悄話 backchina888 的博客首頁 (0 bytes) () 01/11/2012 postreply 13:06:29

As a BUSINESS, the key is know your customer -joetheplumber- 給 joetheplumber 發送悄悄話 joetheplumber 的博客首頁 (0 bytes) () 01/11/2012 postreply 13:14:02

It is still the biz -VanSmallLandlord- 給 VanSmallLandlord 發送悄悄話 (583 bytes) () 01/11/2012 postreply 13:15:57

do that for flipping - not renting -美藍海- 給 美藍海 發送悄悄話 美藍海 的博客首頁 (0 bytes) () 01/11/2012 postreply 13:19:19

難得有幾個中文網站. 可能的話盡量用中文吧.我讀英文有點吃力. -狼的傳人- 給 狼的傳人 發送悄悄話 (0 bytes) () 01/11/2012 postreply 14:03:04

回複:難得有幾個中文網站. 可能的話盡量用中文吧.我讀英文有點吃力. -洞頂烏龍香- 給 洞頂烏龍香 發送悄悄話 (0 bytes) () 01/11/2012 postreply 14:39:57

touch up the wall???? it is the easiest thing in this world!!!!! -wsn2- 給 wsn2 發送悄悄話 (0 bytes) () 01/11/2012 postreply 18:06:13

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