SimpliSafe is award-winning home security that keeps your home safe around the clock. It’s really reliable, easy to use, and there are no contracts. Check out SimpliSafe here: https://simplisafe.com/graham – Enjoy! Add me on Instagram: GPStephan
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
JOIN THE WEEKLY MENTORSHIP – https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Here is the final episode of my 6 month renovation series and tutorials about how to invest in real estate and build wealth.
All previous episodes here:
Tenant First Moved Out: https://youtu.be/HDsWJnHTcQg
Demolishing my property: https://youtu.be/q96HdYJHVTQ
Remodeling Costs: https://youtu.be/vLCwRx3Pchc
Everything wrong with my remodel: https://youtu.be/UtG1Zf-n8Pc
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Lmao the Illness-19 really delayed your plans I bet
So 36 months to break even on project, that’s not a great ROI.
Beautiful outcome!
It looks like you rented out a trashy place to begin with, and now that the tenants are leaving you finally realize how trashy it is. But YOU did it to yourself = it was a disaster to begin with: For example = the tenants did not put the bathroom between the master bedroom and the rest of the house, so you cannot blame them for that oddity.
Wow I got a guy that’ll do tankless water heaters for 2500 installed
I know I’m a little late watching this video, but I would like to know if it’s worth it to spend 85k (initial budget) to have a rent enfreasse in $400.. I don’t get how it pays off
You should have just left the place as it was (cleaned it up of course) and rented it for 2500 per month. Sure, you can now rent it out for 3500 and make that extra 1000 per month but it’s going to take 138 months to get your investment back. That’s 11 1/2 years !!!
Those contractors went to town with Graham money. I would’ve just ripped out the carpets, put tiles on, replace some lighting and paint the apartment.. Wouldve rented for almost the same price and not need to spend a down payment for a house. 138k can actually build you a new single family home in some part of the U.S.. Well when you make 1.9m a year I guess you can blow money like that..
Great job Graham it looks very nice.
graham stephan – takes guts – so kudos to admit a place looks ‘sterile!’ hope the furniture warmed things up.
This was from good tenants? Damn !
Oh wow!!!! That renovation is absolutely stunning! I wish that place was in Texas so i could move in, i would love to live a place like that.
Well do you have a place with a decent rent price and of course not trash looking????
Good grief. Those are terrible tenants. I literally have arranged to shampoo the carpets after I move out from my current place in two weeks. (I have cats, and know that people can be allergic). I always scrub the kitchen and bathrooms and vacuum after the furniture is out!
Whenever I rent a home I always leave it in better condition than I found it.
worst case scenario, he makes his money back in 4 yrs.. sheesh
This was sooooo good!!!!! I loved this remodel graham!
wow.
How are you gaining profit from the $138,000 investment if you still have mortgage to pay and your tenants are paying $3800?
I just bought my first house and I’m planning to rent two rooms. Great reminder to be careful who you rent to.
Where can I get the mirror? :O
Graham Stephan is the 🐐
Who can afford to pay that much in rent? I guess maybe in California. Seems like a lot for a rental remembering that story of the terroristic tenant with the guns who was growing marijuana who got mad you asked for rent and wrecked everything in there . I hope you started doing background checks now.
Where are you???!!!! I need u as my landlord cause that apartment is amazing!!!!
That looks dope. I kinda wanna move in haha
25% every remodel ive done has cost atleast 35% to 40% more than I originally thought it would
He’s renting that for almost double my mortgage. I’m so glad I don’t live in LA….
Great job on the renovation. Smart upgrades.
That’s no problem man. Pull up with ur truck and trailer load up. Plumbing problem break out ur plumbing tool box. Dry wall problem. Break out the drywall buckets.
I want Graham to be my landlord when I’m not even living in the US
I cleaned my rental from top to bottom and my landlord still kept my $3000 deposit. Made up all these things that needed to be fixed so he could keep my entire deposit. So landlords can be jerks too.
As electrician I talk to landlord about renting experience. What I find this trick my help you get better tenants. Ask for a a reference of a old landlord don’t just go back 1 landlord go back 2 or 3 landlord to history of that tenant. A lot of time that last landlord just wants to get rid of that tenant and say just the stuff to get rid of that tenant as soon as you go back 2 to 3 previous landlord you get more the truth of that tenant. And history of that tenant. And the landlord tell me they get better tenant they want to keep. Check up on them call see if there doing ok . If there a problem catch it early will keep a happy tenant.
The only thing I disagree on is the white on white countertops in the kitchen
good job
I have been successful owning rental properties for 15 years using exactly these strategies. I also don’t apply a rent increase while tenants renew their lease. One month vacancy eats the entire increase.
I wouldn’t say that property was trashed, even though they did leave a hell of a mess, but it’s more that it was a dated property which clearly needed full renovation to get the layout and configuration right for the property. Great finished product though.
My dad has 8 rental properties and the tenants almost always leave them trashed. Part of it may be the area we are in but he has gotten super picky with who rents his properties.
this unit looks amazing i would actually love to dorm with friends (if only it had 4 rooms this would be 105% solid) but even still i would still say it’s fantastic 🤤🤤
ok
@「 Deadpoppin 」 ok
@Craig Fowler Campbell ok
Got it, Graham told them they could leave whatever – but I would have left a neat pile then instead of just leaving a mess!! SOMEbody still needs to deal with it!!!
With all the businesses leaving LA, do you worry that the inventory will be in surplus soon?
Great information!
Money aside, you’re such a good landlord. I’m sure the peace of mind your tenants have knowing that nothing’s going to fall apart or that you won’t blow off their requests is priceless. I honestly love that even though you’re mostly looking to make money off of this, you also make sure your tenants are well taken care of
payed off in 3 – 4 years depending on his mortgage or if he out right owns it, then its an extra 40k a year added to his passive income
@Branson Tay o.o
People who watch this video normally:👍
People who watch this video upside-down :👎
Very nice unit. I love the bathrooms.
jesus christ 3500 for a month in a box i think i will just go live in a car
You’re going to regret that quartz choice. If they put a hot pan on it, it will scorch and ruin it.
I really don’t know how things work in the U.S but why don’t you make the next person renting the home sign a contract where they take everything with them and they have to leave a completely empty home? Makes things a lot easier for renovating
I hate white walls. Everything shows up on them and they are never clean no matter how much time you spend cleaning them. Not to mention how depressing they are. It’s nothingness. You live in nothingness regardless of artwork, curtains, etc. White kitchen cabinets are even worse. Why do landlords due this to their tenants? Your work on this home is amazing, other than all the white.
Quarts it’s far from durable
edit it stains super easy and soaks up colour in to the material also if you put anything hot on it, it will burn and you will see a rim. Tho it is very common for kitchen countertops anyway.
I worked 8 years with a general contractor and dealt with this kind of stuff all the time, I would not say they trashed it, though they did leave it messy.
I still hate that you used the title that says tenant trashed it. When you previously said in the video’s that you told them to leave anything they could not move. And you would just remove it when you did demo. And they that you also said they were good tenants.
What have I learned from this video ? Graham does NOT know how to remodel.
I don’t understand why you’re blaming the renter for you having to change the floor plan? I understand they left it looking abandoned. But it seems like you’re blaming all the costs of choices you’re making on the renter.
Dude do you know what you can buy in Texas for $3600!!!!
Im sorry but most of that stuff has nothing to do with tennants “trashing” it. More like you chose not to address things until they mpved out. Changing a floor plan has nothing to do with previous tennants.
Lol the project will cost 50% less and will finish early if you monitor it
I liked right at the time it disappeared and it kinda scared me
I’m not a financial genius, but I do a lot of DIY myself and 100K to remodel that property is daylight robbery. If you’re making 100K in 2 months salary then fine, I get it but otherwise you’d have been better doing the majority of it yourself.
Dude, I like your content but seriously what’s with the trashy clickbait titles and thumbnails? The title is “tenant trashed my property” when the actual story you tell is you had a dated property which needed serious renovation. Come on man, this isn’t Buzzfeed.
I am Irish so I don’t know what the typical moving in/out is like in America but I have never in my life moved out and left a mess like that behind.. Everything goes.. The place gets hoovered and mopped.. Leave places in good condition people. It’s not hard and it’s respectful.
I keep telling my wife there’s a book or TV series called “The Rental”! We had one that had a stripper, her boyfriend, a registered pedifile accross the street from a school. Last one lost his job and started robbing banks! Down to 3 rentals. Two doing fine and one out of work during pandemic!
this man ACTUALLY sat down to calculate… oh Graham🤦🏻♂️😂🤣😂🤣
That isnt even that bad. Ive seen waaay worse mess and tenants and damage than this.
I see why you get the big bucks your content is impeccable!
Same here with me
Our tenat destroy most of the property and now its almost cost 20 % (15000$)of the house to renovate it.
Poor people always move like this. They leave all their crap and then just buy it all again. It’s no wonder they are poor. This is why I can’t rent homes this would piss me off too much. Good hell I just saw your pictures after gutting it… You might as well have started from scratch.
This is why I will never be a landlord.
Cant believe people will leave a house like that!
Is it standard for American tenants to leave rubbish when vacating a rental? Seems rude!
Lmao rookie real estate done 100% on point 😂😂😂 Sooooooo many cringy points of this guys video. But at least he’s okay with sharing on YouTube…. this 😅
The law overprotects tenants. They should be much easier to evict and punish. And they should liable for all wear and tear on properties.
I would love to see Meet Kevin critic this video lol. I think he would cry.
I’M BUILDING A NEW APARTMENT I WANT THAT MIRROR!
But a lot of the issues that were fixed are structural! The tenants didn’t do that. And pipings etc, as he said, was very old and things were aging with time. I’m confused. Most of the repair is what would
Happen regardless of who rented.
I don’t why people do this cause it doesn’t make sense. Sound’s like a sink hole Graham.
I mean they left it messy, yeah, but that’s honestly kind of expected? They didn’t throw the toilet outside or punch holes in the walls & the problems you listed were more age/structure related. The new lay out looks nice, though.
You’re amazing
I knew family friends who had a house where the only bathroom was accessed through the kid’s bedroom, but never seen the opposite.
So in a past video you said that you told them to leave what they didnt want and you would take care of it. But in this video you made it look like they just bounced and left you holding the bags… come on man try some consistency
Uhhh, Graham, that doesn’t look like a $5 t-shirt. It looks very high end and very comfortable. Tell me what it is now or I’m unliking all your videos! DO IT NOW GRAHAM!
We need more.
Grant I’d be interested in videos of you doing more out of the studio videos where you show homes and your properties. Could be cool.
3.5 years and it pays for itself, my friend you might have been able to do it cheaper but this is a very nice buy and hearing around 3500 a month I can’t believe people really pay that much. I might have to cut me a piece of that pie lol🤣 awesome video man I learned a lot thank you!
you took this place from a cave to a cool place , i enjoyed watching the video
man all these ads…
I had to leave my apartment and now living in a basement still looking for a new home but they’re either all way over priced or nothing like I want. Your renovation pretty much is what I’m looking for… but I live no where near NV.
Geez, Graham always seems to speak highly of his tenants. And yet….they all leave terrible embarassing messes like this.
Mr. Graham Stephan:
Many salutations!!! You really had it rough trying to get rid of the ex-tenant who trashed your house and learned how very important it is to learn who your prospective renters are as people. I myself have had a similar experience with a few landlords that I have had in the past; if I may, I would like to share a hypothesis about why a tenant might do this from my own experience.
First of all, some background data: I reside in Texas whose legal statutes, of course, assume by default that the landlord is good and that the tenant is evil. My experience has been the inverse — and that biased laws like this are not good to have. The emphasis should be to keep the landlord-tenant relationship running smoothly and to have a mechanism to bring that to a close in an orderly fashion should things deteriorate to that point.
Here in San Antonio @ TX, I have been unjustly chased out of three apartments — at all of which I paid my rent on time and did my best to be the best neighbor I could be. The first apartment I stayed (September 2002 – August 2011) was led by an Hispanic lady that was reputed to be racist against black people and would inspect my apartment every Tuesday morning because I reported a malfunctioning toilet in June 2010. Prior to that point, I spotted a lot of structural flaws — not a few of which permitted German cockroaches and American cockroaches into the apartments — and talked with the City of Balcones Heights about having an inspection of the buildings done. Upon following up, I learned that the City of Balcones Heights had been working with the owners of the apartment complex to resolve all of the deficiencies which suggests that a casual conversation like this (gesturing between self and you) took place. That is the wrong thing to do IMHO; Balcones Heights needed to have really put the heat on the owners to fix up those buildings. I have also heard stories of female tenants being raped by the maintenance men, drug deals/prostitution, broad daylight criminal activity . . . you know, all of the urban “just hell no” activities we send for the police to deal with; while I was very fortunate to not have faced any of that, what prompted me to leave in August 2011 was the aforementioned scrutiny and the awful maintenance of the buildings.
The second apartment where I stayed (also in Balcones Heights) was a huge relief from the previous apartment; the property manager at the time is a lot like you in temperament! What brought my six years (August 2011 – September 2017) of living there to a close is the fact that the corporate landlord decided to only have six month lease terms and that the property manager kept turning over and over to gradually have the opinion that I could not properly care for the apartment and began withholding lease renewals to where the Family Protective Services Department had to intercede on my behalf. Okay, to be fair, I probably could have been a bit more proactive with the cleaning; still, leaving out food where insect pests could get to it was a major no-no that I corrected right away. I was also set up with a home service attendant which would come out to my apartment and keep me company 3X a week after cleaning the apartment for me; while this worked wonderfully, I also had a high turnover rate with the attendants assigned to me. One of those attendants basically told me that I was not enough of a pay check for her; not only does that burn me up, I could not do anything about that since it was that company and Medicaid that decided the hourly wage. What did me in here is that I was assigned a home service attendant that was 23-24 years old and already had two kids within their first half-decade and shared his experiences as a second-time dad which helped me to understand where my brother (a first-time dad) was coming from; unfortunately, all of this wound up costing me my second apartment right when I was returning from holiday in July/August 2017. This home service attendant was reassigned away from me and my ex-landlord decided to not renew my lease because of what it felt was excessive wear and tear on the apartment — again from SIX YEARS of me living there.
In both of those cases, I trashed the apartment prior to leaving because that was the only tactic I had available to me. A landlord harassing a tenant and a landlord decreeing homelessness of a tenant because the home service attendant that was demanded as a condition of residence walked off the job are not things that I would want in any healthy society that I live in; unfortunately, taking this objection to a court of law complete with legal representation is priced out of my reach even though it is deemed the proper way to do things. Trashing and then abandoning the rental apartment of such a landlord is in my reach. It is as simple as that. Upon being served that absolute-quit notice, a switch flips in me from the Dr. Jekyll that cares about the apartment and being a good neighbor to the Mr. Hyde that does not. I think back on those two periods and sometimes think that I should have trashed the apartment a lot more than I did; still, when the rational part of me takes back over, I realize that any damage to the physical structure of the apartment would shift the emphasis over to me as a criminal to be tracked down rather than the landlord who made one unreasonable demand too many. In November 2016, I had a rat exploring around in my 2nd apartment; instead of hopping right to it, the property manager told me that the structural breach has to be left open so that the rat does not die inside the walls. Would you, a paying tenant, want to be prioritized behind a rodent pest that is a biohazard that could cause an electrical fire if it gnaws through electrical wiring?!? I should have done a lot more than merely put the dead rodent on the manager’s desk; unfortunately, I did not have another place to go — nor the finances to conduct that relocation.
The third apartment where I stayed (this time in Leon Valley from November 2017 to April 2019) put me through the wringer because my mom and dad did not want to make a road trip out there to help me get rehoused. These apartments demand that all the residents pay a portion of the water bill, sewage bill, and the gas in addition to the trash and pest control along with the rent — the grand total of which often went north of $700 and scraped against $750 a few times; worse, none of my conservation efforts did any good since the bills are set on the premise of being two months in arrears. It was only two months in that I realized how unsustainable this really is; unfortunately, I was left with a thin wallet because of the living expenses. Long story short, it was during the 17 months of me living in Leon Valley that I had it driven home that my origination family is garbage (even if they are college-educated), I had no friends, and nothing that I did to improve myself really mattered; see, aside from the Calypso Apartments changing legal ownership twice, the current owner “discovered” a bed bug infestation that it used as the casus belli to decree homelessness unto me in defiance of the Texas Property code — chapter 24.005 of which states that there SHALL BE a written quit notice served. At that time, I was taking classes to make the argument for civilian motor authorization because it has been my experience that a landlord will always develop buyer’s remorse and decree homelessness of me even though I am being the perfect tenant and I am getting too old to be constantly moving my stuff through municipal transit and on foot (the latter of which drew the curiosity of a Balcones Heights police officer). Another reason why I trashed this apartment (which was torn apart after I was forced to leave) is because of this persistent view of me as animal vermin even though I was working to improve myself.
So, Graham, are you starting to understand why you might find some of your rental properties abandoned and trashed?
Dude, you got takin to the bank!!!!!!! i watched most of the videos, your entire attitude and wording and knowledge told me you havent a clue about the business of contracting!!!!!! you are like an ignorant woman who got soaked by a contractor!!!!!!!! They saw you coming a mile away!!!!!!! Stick with your youtube and forget real estate, its out of your league!!!!
Thanks for this video. Trying to get custom shed built and it’s taking forever with permits and covid
how much is the entire place worth now?
Are rent bidding wars allowed in LA
>spends 138k on renovation on house
>I just bought first house for 125k
o.O
Is this unit being rented now ? I 100% want this or something similar! EMAIL ME ! 😍😍
that’s just end of your story.
I am embarassed by the state I’m leaving the carpet but after seeing that rental???? i would never lmao
Do you carry firearms
Graham… You keep focusing on the rental value increase of your rehab. However, I would bet the real increase in value in your investment is the appreciation of the property. How much in value do you think your properly increased because of your rehab? As far as rental income, your renovation will take ~9 years to pay back, so it really wasn’t that great of an investment if you are strictly looking at the rental income. But when you factor in the value of the property, then I am sure it is.
briefly read through the title and the thumbnail. I thought the new tenant trashed your new renovated house lol