Side Hustle #1 rehab is now finally complete! Nope, we still don’t have a tenant in place, but now that the place is COMPLETELY turnkey ready, I don’t anticipate facing any more difficulties securing a quality tenant…
We have a few upcoming open houses scheduled, so we’ll see how things go. If the process drags again, I believe we will just have to bite and bullet and lower rent by $100 or so… Hopefully things don’t go that route and the demand is strong.
I think it’s safe to say — We gave it our best shot!
Here are the pics:
With rehab, all that we try to accomplish as a team is to get the place in rent-ready condition for as cheap as possible. In total, the cost for all materials and labor was about $7,000.
The laminate cost about $2.00 per square foot, so it’s a little higher quality than just the “bare minimum” stuff. It should be more scratch and chip resistant. The paint, door knobs, light switches, outlets, plates, wall registers, alarms, hinges, etc. were all cheap, but upgrades that I think help make the place “pop” more.
The countertop, mirror, and medicine cabinet set us back about $550. So, another affordable upgrade that gives us a lot of bang for the buck.
Let’s hope our efforts are rewarded!
Here are some old pics of what was inherited:
Lastly, today was a gorgeous day in the South Bay Area! I don’t recall it ever being this HOT in October before (felt like we were in the high 80’s to 90’s), but it looks like it helped the 49ers prevail over the Chiefs! 🙂