AVOID these Idiotic Mistakes of My First Rental House
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- Опубликовано: 28 сен 2024
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#RealEstate #Mistakes #MeetKevin
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About to buy the investing course!!! I hope this pays off
You'll love it!
Same 😭
I've been browsing through it, there's a lot of good info there.
One of these days I'll start at the beginning and go thru the whole thing.
So what do you think about the course
jfish147 how much was the course?
No Kevin, you DON’T paint brick. Unless you want brick that won’t dry after it rains, which eventually turns your bricks and mortar to mush and you get to replace the entire mess. Bricks need air contact to dry and breathe. Former home inspector here.
Wow this is really interesting. I didn't know that. Why do they paint outdoor brick on so many homes on HGTV? I'll never buy a painted brick house knowing this!
On top of these very utilitarian reasons, painting brick is just an architectural crime. You want materials to speak for themselves and not pretend to be something they're not, and painting brick is doing just the opposite. Brick is brick. It's not green or black or any paint color, it's the color of the clay that it's sourced from.
does that really make a difference if you only paint the inside of the house side of the brick?
@@Meyer_Nick Probably not, the reason he is citing not to paint has to do with the fact that brick in modern brick veneer construction acts as a somewhat porous, moisture-wicking hard barrier that protects the wall assembly from sun and flying debris, it's main job isn't keeping water out of the building, there's a moisture barrier and an air gap behind the wythe of brick that does that job. I can see painting the exterior getting in the way of moisture evaporating out of the air gap behind the brick, but if you're painting the inside of a brick fire place for instance, it wouldn't have any negative effects. It might in fact be helpful in the same manner that people seal the inside of their basement walls with a liquid applied vapor barrier.
@@GJ_DM thanks for the thorough response i appreciate it!
I like how you’re not afraid to criticize your own work, most people have too big of an ego to admit they could have done something different or had to cut corners to reduce cost
2:34 is such a great pro tip (glazing the bathtub). That saves a ton of money and time plus it looks like new. I had my client do that for their white under-mounted kitchen sink for just $200 rather than tearing it out, buying a new sink and installing new countertops ($$$).
Vinyl wrapping is an insanely good takeaway from this video. The kitchen is the most important part of any house, and making it look so much better at such a cheap price is great ROI!
I've been using that flooring for a while. It has a paper fiber core, which means that it can swell with moisture. That problem is all but eliminated by giving it a couple of layers of Mop & Glo or something similar right after being laid down. The wax soaks into the ends and seals them, so even if tenants don't keep up the wax the floor is still significantly moisture resistant. It really stands the test of time and looks great.
14:40 - Chimney caps also prevent animals from entering the chimney, and potentially, the home. I've had birds get trapped in chimneys a couple times.
You cant kick yourself too much for the "noob" mistakes. When you dont have any money, or very little money to spend, you do what you can to get the unit rented.
So true
I’m in the same boat but I watch movies like this so I can prevent these mistakes when I go to buy my first rental.
100%
Just work in the trades. It makes it so much easier.
@@TheMarkoPoloProgram i do work "in the trades" im a handyman/carpenter. Its the best way to invest in realestate in my opinion because you can fix and do all the work yourself.
That roof is a train wreck disaster!!! My landlord did the same thing and waited and when it started to leak, it flooded my room and everything was destroyed. Can you say MOLD!! and much more repairs and cost. I would do it sooner, then later, it would be cheaper now, in 5-10 years it will cost more.
I think many of his tenants watch his channel and they just hop in to better landlords
@@conexos2007 Well the more you make, the more you spend, and then your not as frugal and as careful, if you had no money, you will penny pinch more, your more careful. Buying crappy things are cheaper, but not fixing crappy things can cost more if things break down,
Ebb tide, the universes way to balance things out.
it basically means, You get what you pay for! cutting corners will cost more in the long run.
I dont have your course, but currently in contract for our second property, your videos give me SOOO much info on how to do this second property better. I saved a ton doing some of your pro moves on my last unit remodel. Thanks!
Then Imagine what a $300 investment could make you 🤪
Glazing sounds like the way to go. I started in this field with sweat equity as well. Glad that is the past now.
Gotta love that sweat equity!
How was your experience, I’m just start
At one point I couldn’t distinguish between kevin’s sass and real advice LOL
That was most of the video for me😂
@@johnjoyce6595 Same lol
Or misrepresentations.
The tv cable coming out of the closet serves a purpose owner deciding where to have the cable. You have to stretch it through the attic and the wall, which is not ideal but it offers flexibility with location.
LOL you get me with the RuneScape references XD
Runescape Real Estate investing made simple!
Damn near makes me wanna start up a new account, lvl up and do some good old barrows.
Josh AQBUMP oh man I could go for a run right now! I was like 6 quests away from a quest cape when I quit too 😭
I loved classic. Takes me back to high school
bro ik xD i saw that barrows set and i got flashbacks to my bot farming days.
Great advice except for mini-blinds. Tenants seem to have a built in radar for mini-blinds and either remove them or destroy them. Your tenants will water the grass??????? I can't get mine to clean the damn toilet much less water the grass.
Well he said he wished he HADN'T used the mini blinds.
@@Bozogumps Oh ok
@@jayc4715 'tis true!!!
@@jayc4715 Me either!
Kevin: Not gonna replace this clearly problematic roof until it starts leaking!
The rotten roof boards:
Great video Kevin, I really enjoy these types of videos. Love your idea about framing those old big frameless mirrors with baseboard. I just bought a house that I'm currently remodeling and it has those exact mirrors. So I think that's going to be the perfect solution!
Nice!! Congrats!!
The Out of State Investor he does have good ideas. As I begin to get into real estate investment it’s really good that I’m a full-time Carpenter
Amazing points! also It's a REALLY noob mistake if you start throwing carpet in the bathrooms.
Always enjoy these walk-thrus and bits of knowledge! Thx Kev!
RAM Real Estate Investing it is helpful to see it more tangible rather than just a concept
This video really help me decide that rental investment property is not for me. That possible termite problem looks like a nightmare. So many other little details that need address , and me being so particular about everything, it would be a nightmare for me.
Runescape!
Surprised to see you here lol
He gets notified on anything to do with RuneScape lol
XD
Heyyyyy OSRS youtuber!
Meet Kevin is my 2021 🦸♂️
I love how you fit Runescape to make this enjoyable for others that are having a hard time grasping the concept. Intuitive!!
Agree on Vinyl planking ,I gave up on tile showers they never keep it clean ,buy a upper end kit for the shower walls and floor .Don't buy gas stoves use electrical ,I install left over granite buy super cheap .Install gutters that way the water will not wrap around the wood causing rot .
Kevin I work at owens Corning making those shingles. Those things have lost all granules (rock) and the asphalt to to the point it's down to the fiberglass matt.. that roof is beyond cooked that's why it's so spongy, it is leaking lol
Yes, in the paperwork for this house, they stated it needed a new roof.
Looks like the roof hasn't been replaced for 20 years.
Closing on my first house Monday. Plan on house hacking and turning it to a rental in a year or two!
Nice work Mike!
MPF 💚 Make sure you lay down the boundaries with whomever you are house hacking with to avoid dealing with hassles later.
I think a multi-unit property is better for house hacking because you have your own little place as opposed to sharing a house where you have to see each other frequently and have to share common areas.
I can't house hack ❌ I need my space and I like my privacy.
Mike's Personal Finance thts awesome to hear i wish to be able to do this in California soon...
No Tet rov bpa
The problem with solid doorstops is that unless they are out of the traffic flow, they will get kicked and break out the baseboard. The same thing happens if it's not exactly straight, and someone leans on the door. I'd rather replace the doorstop than fix the baseboard.
If you are walking a roof you should never step in a valley. There is a chance the felt underneath could be stretched and torn if you step in the valley.
good point! Thank you!
Here’s another tip guys. When you do a property inspection. Make sure to check the air filter on the ac unit. Tenants most likely will not change them and this could be very costly later on.
man sometimes I just wanna binge runescape for a weekend for the nostalgia of it. Then I remember I have a wife and kid.
lma0o0o - come pk for an hour every now and then, or PVM whichever. Cant believe kevin added the rs graphic lmao. Pog
I'm paying attention to some of those brands you mention; that will be great for price/type comparisons, etc. Got to deal with some plumbing issues in this 70's-or-so condo. That whole bath/shower diverter/tub-stopper ensemble needs to be replaced, so that means that wall tile/drywall?, will need doing also. If I was a renter I wouldn't have to even think about all this etc., etc. - Wa-ah, wa-ah! Thanks for all you do; you really do help with your videos and information!
7:40 this is basic stuff they teach in designing at surveyor school.
Do everything based on 60x60cm blocks and add 1 cm to both ends.
Way better then the old way of specific designed furniture
Purchasing your personal finance course on tuesday. 👊 I'm excited.
@@lostintime8651 thanks man, have a great day :)
6:45 I agree you should have vinyl wrapped the bathroom counter top but the kitchen one will be used to prepare food. A knife or other sharp object would damage and expose the vinyl and the tenant would have to peel it off.
Hey Kevin . Quick tip. I am a chimney professional in Tennessee. You stated that you put a cap on the flue to prevent water, but all of those cracks in the mortar between the bricks on the chimney will leak like no ones business. Have a mason do some various tuck pointing on it
Wow ben Affleck. To be nooby with your first property
Now you are passing all that wisdom to all of us. Thanks
THANKS FOR WATCHING!
WE REALLY APPRECIATE YOUR COMMENT!
FOR FURTHER GUIDANCE KINDLY::TEXT ME +.1.3.3.0.4.0.6.9.2.4.2.
I think when stainless steel goes, it will go quick and fall hard. Something similar happened with golden oak, it was used heavily for 15 years, then about 2003, everyone hated it.
*In my 2d rental, I made the mistake of hiring a cheap gardener to remove an ugly looking cactus. Well, let's just say he didn't finish the job and wanted more money to remove the 12 inch cactus stump. Cheaper is not always better.* 😉
thats your fault, you should have removed it by yourself. its really not that complicated.
cool thing about lvp: It barely expands/contracts, so you can usually install it as one section on the whole main floor/basement.
Door stop, the spring one versus the rigid one... Yeah I thought it was a pro move to do the rigid one as well except that the rigid ones get stepped on and bust out the base board that it's screwed into.
So I think the springy one's are better, if someone steps on them they don't tear up the base boards.
Its actually better to redo the roof now than wait til later and end up paying more 5 years from now with inflation. It would increase the value as well if there was a opportunity to sell in 5 years for a big profit to make room for 2 new properties at a huge wedge deals. Putting neccessary things off like a roof..youre just costing yourself more in the future
Don't forget paying for any mold-related damage caused by trying to stretch the old roof out Just One More Year.
Sprinklers are a great idea, I've installed them in all the houses I own. Plus, if they don't water, there goes your lawn and plants
Kevin, What would you recommend instead of mini-blinds? wooden blinds/vertical/Velux? Video idea: can you do a home-depot series or something, telling us what paints/fixtures you recommend?
They have several videos with his wife together at Home Depot recommending different fixtures. Dig around his channel and you should find them.
I find leaks in the roof long before there is any visible damage. Usually it soaks into the insulation and then evaporates before it soaks through the drywall. Not recommended though. A roof now days when done right will last 50 years.
abacab87 em and flashing. It has to be done correctly
I think you need a new roof Kevin. The last thing you want is having to repair damaged ceilings when you have a tenant installed.
that's crazy. I can't believe those California home prices. I bought a 4000sq ft home, 4 bedrooms, 1 nanny room, kitchen, upper entertainment room, big living room, small living room in the entrance to the home, dining room separated from the kitchen, balcony in bedroom, on a cliff, so no neighbours in the back, a view of nothing but trees, good neighbourhood, good schools, for $300k. the home was less than 2 years old. Texas is the place to be if you are looking to get more out of your money.
Seems like most of your properties have neighbors with campers.
Do neighborhoods with campers relate to places you want to buy in? Or does everyone like to camp in their driveways in SoCal?
Mike Benson he spent $450,000 bucks on it :).
Great value as always Kevin. The GOAT
I’m a flooring installer in England and LVT is very popular. I couldn’t recommended better flooring.
Have been slowly making videos for 2+ years now and your work just keeps me motivated! Keep it up K, great content
You can use 2 slim rolling racks on the sides of the oven.but maybe the top tray has to be some solid piece of stainless steal or wood atleast for oil pops while cooking. I got mine from Walmart for like $25 for side of fridge.
Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..5️⃣..3️⃣..1️⃣..3️⃣..3️⃣..3️⃣..2️⃣..5️⃣..6️⃣..8️⃣..✉️ ✉️ ✉️
I'm so curious what you're going to do to fix all of that stuff, haha. Termites seem to be best buds with SoCal....
The beige tile is beautiful. But also subway tile wasn’t popularized until like 2014 and it will go out of stile within 10 years aswell. You should Always design for the current year not the unpredictable future
This guy used a runescape picture 😅
he a certified OG
hyped to get my own rental house in same building as my 2 uncles live in heck one of them is the person that gets my money from my future job! moving away in a year!
Im from another country, but as a landlord, I made the same mistakes.. This video is very useful for everyone, everywhere.. Not just for EUA.. Thanks!
Gotta admit! I almost clicked away during the 1st few seconds but I'm glad I watched the video in its entirety. Very informative and entertaining video!
I'd be surprised if anyone would do that roof for only 11k. Plus all the plywood and maybe more underneath is likely rotted out. Probably cost you more like 25k to fix all that. And you need to get rid of the grass that goes all the way up to the house - watering that could compromise your basement floor or slab if there is no basement, especially if you have expansive soils there.
Man I love Kevin just for putting or allowing the editor to put Runescape figurines. ahahaha
Your OSRS clips of dharok, bots, and clue scroll boxes get me everytime. What's your RSN, I'll add you
Should post on r/2007scape
😏
Thanks Kevin for posting everyday. I've been watching regularly since your BP episode. I love your content!
Thank you!!
My first rental was literally a drug house. Which was a surprise to only me. 🤦🏼♀️
😂
yo with the formica counter tops you can get paint to redo it at home depot for like 15-35$. turns out really really good and lasts a long time (its in my rentals currently).
Just thinking of the VCT and tile and dam even if there is water damage ya only have to take down walls and insulation.
Surge "surpressors" gave evolved since this video, I think. You just have to turn off the panel main switch and install it on the first breaker position
I don't always admire my Craftsman skills, but when I do, Nailed It
Instead of painting The Brick, which is a terrible idea, a better idea would be to look up how to limewash. If you limewash the brick you can't control how much of it gets absorbed and let some of the brick shows through and you can get some very cool looking effect for next to nothing. Don't buy a huge bucket! Get a small quart container. You can buy them on Amazon for cheap. You could also paint on top of it with something else to blend in certain colors to give it Taps and then seal it with a sealer
2 minutes in, I actually really like the beige tiling, it still looks quite modern and with age should still look alright. Glazed white Subway tiles always feel icky to me. The look works in kitchen backsplashes, but I'm not a fan in the bathroom.
Thank you I completely agree and actually stopped the video at this point. That beige tile looks premium but he’s rather replace it with boring basic white mental institution tile
6:09 I remember that Consumer Reports tested various surge protectors of various prices, and they found that unfortunately, the cheap ones like that fail early, often on the first surge. You gotta pay up for good protection, like APC or especially Tripp-Lite, and yes, that means the chance your tenant steals it to use on their computer.
The house is more appealing without ceiling fans. I am not a fan of the fans, lol. They dry out your throat and cause congestion. As long as there is a window to put in an air conditioner and an outlet for some floor fans, it is fine.
The Runescape references are fun to look for in each episode. You better have 99 Construction.
That gap on the sides of stove actually make for easy cleaning. Pull your stove out, and check the sides sometime.... 🤢
I have spent the day looking at fixer uppers and had a question. You talk a lot about not doing things that are unnecessary. Im in a state that still allows aluminum wiring as long as it has been serviced properly. In my opinion that still poses a hazard but wanted to know what you think. I look forward to taking your course when cost allows
Ray L I’m a Realtor in N California so maybe I can help. Electrical wiring can last a very long time even if it’s not copper. It’s best to have a home inspector or electrician take a look at it though.
@14:56 if your in Kevin's course, and you watch the video lecture "This Insurance SECRET Saved me $30,000 INSTANTLY." you will understand why Kevin waits, (its a really good course to be honest)
A lot of knowledge in these videos, im about to tell my cousins some of the tips for their airbnb and in the future implement these on my own. Thanks for the content if i was ever to buy a course in the future (right now im 18) but if i wanted to buy a course id get yours for sure, very knowledgeable guy ! keep it up
an alternative to the kwikset is to buy locks off kijiji have them re keyed with a key and a master then just swap out the lock when tenant moves out. I have 50 deadbolts like this.
Dude, your ad placement is impeccable.
i love how im grinding on OSRS while studying for the real estate test while casually watching youtube videos and i end on this one XD
Please post more videos like this. This is great for investors like me
Cardone was wondering if he gets a friends/family discount on your courses
First noob mistake buying in California. Second mistake heloc loans. I bought 2 houses cash in Delaware for 205000 total . Collectively rent them for 30900/year
Those power lines
They are everywhere
Where I am it seems like 4 out of 5 properties have carpet in the dining room, even brand new builds seem to have it and it seems to be the accepted norm. I wouldn't stand for it in my place, I got this quite outdated looking 70's vinyl, but at least its not carpet. I'd do something about that gap around the stove it looks bad.
Shit Kevin, I'm new. I can't draw the line between your advice and sarcasm. BAH! XD
Wine cabinets for fillers between the stoves
The boingy door stops make it easier to vacuum.
Carpet in a rental property, no good. Tenants let their dogs pee on the carpet, they spill red wine on the carpet, etc. Waterproof flooring is what I am looking for in my new rental properties.
*kevin's worst mistakes are still better than matt R's best ideas*
Now I see how much different is real estate market in US and continental Europe. :) On the other hand very similar to UK and Ireland.
What's the differences?
Why would you put ceiling fans in? They cost more money and it's more likely they are going to break over time. It's just more things that the tenant can break.
That mirror, look up full height full width custom glass. *Counter top to vertical wall, to Ceiling.
I need to learn how to do that vinyl wrapping.
The Edits in this episode were so great, lol. Thank you Kevin!
The RS Reference! lmao! Been a big fan lately, and the millennial money. Cheers from Canada, doing a great job.
noob: tying a tie that is longer in the back than the front 10:11. Haha I love you still but your wife didn't yell at you for that tie job? lol
I agree with 99.9% of Meet Kevin advice...But, couldn't disagree more about white appliances, IMO With white cupboards they look best, I can't stand the Smudgy stainless steel look, just dingy all the time..😁
For me having a pressure washing and sealing business in Los Angeles that pun was hilarious
Him: “Part of me wants to glaze this all white...”
My dirty ass mind: 😉
•_• -_- •_•
Never understood the fascination with the subway tile look. In my opinion if you definitely want a bathroom or kitchen to look old and boring a sure way to accomplish that is subway tile.
Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..5️⃣..3️⃣..1️⃣..3️⃣..3️⃣..3️⃣..2️⃣..5️⃣..6️⃣..8️⃣..✉️ ✉️ ✉️
Re that large "WATER SOFTENER" device... what is it with your American water that you NEED these big "Water softener" things ? I saw another RUclipsr and he'd bought a house in rural Oklahoma state, and HIS house had a water softener in the basement as well. I've never even heard of them being used for a house's water supply before. I would have thought that piped water, as supplied by your local authority/water supplier/town council/Department of Water and Power etc should already be "of acceptable quality" for normal household purposes without needed extra treatments costing $80 a month etc (Yes I realise that problems occasionally occur, like people in Flint, Michigan with poisonous lead in the water, and folks in Appalachian areas with flammable water). Here in New Zealand (and Australia) some folks in rural areas still rely on rainwater storage tanks and the water only has a simple leaf filter on the inlet and nothing on the outlet. Indeed many people PREFER to use rainwater, for drinking, cooking or showering, as it doesn't have any of the chlorine, fluoride or other chemicals that governments or big business like to put in our drinking water.