The Most Dwanderful Real Estate Podcast Ever!
The Most Dwanderful Real Estate Podcast Ever!
Episode 48 How Much Rehab to Do

The topic of this episode is knowing how much rehab to do to your rental properties. If you are purchasing the property for 60-65% of the value like Dwan tells you to, you should have some extra capacity to do some rehab yourself or hire someone to do it for you. You want the property to be nice for your tenants, but if you will need to do too much work to make it livable, perhaps that property is not the best one for you to buy. Dwan likes to buy clean properties and keep them clean by having the right tenants who will take care of their space.

If you provide a good place for your tenants to stay and you build a good relationship with them, they will stay for a long time. Dwan also provides some recommendations such as buying used or scratch/dent appliances, putting down tile, laminate, or carpet squares instead of traditional carpet, and installing smoke and carbon monoxide combo detectors.

Dwan has been diagnosed with rheumatoid arthritis, which isn’t great news but she is relieved to know what is going on and how she can work to keep her symptoms managed. This will be especially interesting during her trip with Bill on Route 66 where they will be eating out a lot and not able to be as active.

If you haven’t heard, Dwan has dropped the fee to join the Dwanderful.com Membership Site, so now you have access to the document library, pop-up training calls, and the chat box for FREE!