Investment Joy
@investmentjoy·2.5M subscribers·698 videos
Evicting Tenants? Part 2: What Happens When Receipts Are Forged?
Posted
April 15, 2020
Views
92,412
Likes
2,743
Comments
471
Engagement
3.48%
April 15, 2020
92,412
2,743
471
3.48%
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11:17Now PlayingRehab is MOSTLY done here, there's a bunch of smaller issues however hopefully you all get the general idea of what this place looks like after it's been de-methed. We spent around $5k on this place after it was all said and done, in general I think we got a good bit done (New HVAC, windows, floors, walls, kitchen, etc). The increase in rents will be $150/month resulting in a 36% return on investment as long as we're 100% effective on re-renting and collecting rent.
The issue here was that rehab took ~3 months instead of the 2-3 weeks that it SHOULD have. One of the constant issues I have is lack over oversight on my real estate investment projects. As time goes on we're certainly getting better about it, however we've also got a long way to go.
I have laundromats down to a science. If you want to do laundromats as well click the link:
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