Rent Control, Quarantine, & No Toilet Paper
The Real Life Pursuit of CASH-FLOW!
In a rent-controlled world should you go through the energy and the expense of vacating tenants, or should you be happy with the regulated Rent Cap Increases? It depends on your target rental rate and your target tenant clientele.
In this Week’s Video, I give you the financial breakdown of my most recent remodel project which consisted of vacating an entire apartment building! Sounds scary I know, but the payout is HUGE!
This is the final installment in a 4 part series as I attempt to assist those owners who avoid extreme renovations because they assume the process is too much hassle, they do not have the “know-how”, fear that the process is too costly, or incorrectly assume the final payout does not justify the capital investment.
What is my goal? Bottom Line – I want to help landlords obtain maximum cash-flow (especially in a rent-controlled market). In my opinion, owning multi-family investments should be extremely financially rewarding, while at the same time not overly consuming of your time. Second, by completing these types of improvements, when it is time to sell, a buyer will happily over-pay for your property because your rental rates & the condition of the property justifies above-market pricing!!!