Property Management vs Managing Yourself
Managing Your Rental Property: Pros and Cons of Going Solo vs. Hiring a Pro
How Do I Add Value to my Property with New Flooring?
You don’t always have to buy new carpet for your property to bring the carpets back to life.
Sometimes, a commercial clean can add huge value, for a low cost.
But how do you know what choice to make?
Generally, there are 3 options – refresh, replace or restore.
In this article, you’ll learn the 5 key tips you need to know to make your flooring revamp work.
Top 9 Renovation Mistakes for Active Investors
Not all property renovations end in financial success.
Why? Because some times mistakes have to be learned the hard way.
And over the last 15 years, I’ve completed over 100 renovations (some personal, some with investors I work with). Through that I’ve made my fair share of mistakes. Many of these are the same mistakes I see my clients making at Wolfe Property Coaching.
That’s why, in this article, you’ll learn my top 9 renovation mistakes for active investors. That way you can avoid them and save yourself time and money.
Because it’s easy to know the right way, after doing it the wrong way. And while hindsight is a great thing … you can’t benefit from it until later.
How do I add an extra bedroom when renovating my property?
Adding an extra bedroom to a property is an absolute must for anyone trying to execute a successful BRRRR strategy.
Why? An extra bedroom is the quickest and most cost effective way to increase the value and the cashflow of a property.
In this article you’ll be taken through a step-by-step guide on how to add an extra bedroom, starting at the very beginning, and what to look out for, even before you arrive at the open home.
How much does it cost to renovate a property?
Most investors want to know: “How much does it cost to renovate a property?”
Most property investors will spend significantly less when renovating a rental property compared to a Kiwi renovating their own home.
And the numbers in this article will probably surprise you.
That’s because to get the best returns you must balance the cost with the return you’ll get.
The investors I coach typically spend $60k-$80k on a renovation. And these days, you shouldn’t expect to pay any less than $50k.
That’s the cost to Cashflow Hack a property – my 6-step approach to turbocharging any BRRRR project. In this article, you’ll learn the ballpark costs for each step.
The Ultimate Guide to the BRRRR Strategy
The BRRRR (Buy, Renovate, Rent, Refinance, Repeat) strategy is the playbook for renovations-based investors.
In this article, we outline what a BRRRR strategy is, how much it costs, and what type of investor it is best suited to.