Saving money as a landlord when renovating

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Saving money as a landlord when renovating
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• Investment property renovation is one of the
  biggest expenses a landlord will accrue. Renters
  tend to cause a lot more wear and tear on a
  property than a homeowner, and deferred
  maintenance or repairs can cause even more
  expensive problems down the road.
• You worked hard for your investment property and
  keeping it well maintained will generate cash
  flow and appreciation for many years. Investment
  property renovation can get expensive and are
  often necessary. Follow these three tips to get
  the most out of your investment dollars.

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• Establish relationships with contractors

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• General contractors typically like working with
  landlords more than homeowners. They know they
  are likely to get much more work if they provide
  excellent service. Especially if you own multiple
  properties in an area, make it a point to
  establish professional relationships with the
  local contractors. It will benefit you both as
  you each learn how to work best with each other.
• Save time, and save money using the FREE home
  renovation app for landlords. The Renozee App is
  a new, easy, and free way of having home
  renovation contractors find you and compete for
  your business for any immediate property repair
  work! Download the Renozee App today!

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• Getting the most bang for your buck

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• Investment property renovation on a rental
  property is much different than renovating your
  own home. When making decisions, put yourself in
  the position of the tenant. In your own home, you
  may want high-end appliances and trendy colors on
  the walls. But that typically is not what renters
  want.
• Renters usually want a clean, safe and affordable
  home, often while they are saving to buy their
  own home. Mid-range appliances and neutral colors
  for paint are your best bet. Things like new
  bathroom fixtures can make a property look much
  better for a reasonable price between tenants.

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• New carpeting and flooring also tend to provide a
  high return on investment. These make a property
  look clean and well maintained and are typically
  not expensive.
• Save time, and save money using the FREE home
  renovation app for landlords. The Renozee App is
  a new, easy, and free way of having home
  renovation contractors find you and compete for
  your business for any immediate property repair
  work! Download the Renozee App today!

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• Avoiding expensive problems

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• Real estate investing is a long-term game. To be
  successful, one must stay on top of essential
  maintenance before expensive repairs are needed.
  Get in the habit of spending a little money
  upfront to avoid catastrophes.
• Water and fire can damage a property quicker than
  anything. Make sure, for example, plumbing pipes
  and fixtures are regularly inspected for leaks.
  Consider budgeting for a water heater replacement
  while it is still serviceable to prevent a
  potentially flooded basement. Inspecting,
  repairing, and cleaning rain gutters and drainage
  systems every spring can also pay off.

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• Also, do not forget to do the obvious. A few
  dollars to replace smoke alarm batteries can
  prevent a total loss. Make sure your maintenance
  plans are written down and scheduled, especially
  if you own multiple properties.
• Pest control is another area that landlords may
  want to consider. A small annual bill in the
  budget can be much cheaper than a major
  infestation, both to your bank account and
  reputation. For a landlord, staying one step
  ahead of problems is often best.
• In conclusion, investment property renovation on
  a rental property is significantly different than
  an owner-occupied home.

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• To be successful, take advantage of being able to
  establish long-term relationships with general
  contractors. Do not be afraid to regularly spend
  a little bit of money to reduce the frequency of
  outsized repairs or costs, and focus on making
  your property clean and affordable as opposed to
  having the latest interior design trends.
• Save time, and save money using the FREE
  investment property renovation app for landlords.
  The Renozee App is a new, easy, and free way of
  having general contractors find you and compete
  for your business for any immediate property
  repair work! Download the Renozee App today!

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• Save money as a landlord using the FREE Renozee
  App!

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• Discover the Renozee App, the free, one-stop-shop
  investment property renovation platform for
  landlords! Renozee makes life easier for
  independent landlords and improves cash flow by
  providing a world-class investment property
  renovation platform.
• Great maintenance and speedy repairs lead to
  higher retention of tenants and happy landlords.
  Thats where Renozee fits in. The Renozee App is
  a free platform designed to simplify how
  landlords collect bids for maintenance issues and
  hire reliable general contractors fast.
• Using the free Renozee App to hire general
  contractors has made landlords more efficient,
  enabling them to focus on whats most important,
  obtaining a better ROI.

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• When maintenance issues arise, there are many
  reputable and specialized general contractors
  readily available to complete repairs quickly and
  at competitive pricing. General contractors can
  submit custom bids directly through the platform
  making it easy for landlords to compare competing
  offers digitally and seamlessly. Get fantastic
  general contractor support when you need it!
• Download the Renozee App today, and post your
  project to receive bids from immediately
  available general contractors that want to win
  your business!

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