Demolishing My House

Just started demo on my property – here is the current update and all the remodeling that’s just begun – enjoy! Add me on Instagram: GPStephan

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About Tenants: When it comes to stuff like this…I don’t claim to be an “Expert Landlord” by any means, I’ve certainly made my fair share of mistakes and I still have a LOT to learn. But, my philosophy is that being a landlord is VERY MUCH a people business, whether you like it or not. It’s just as much about CUSTOMER SERVICE as it is about picking a worthwhile investment that’ll make you your money back – and it’s all about finding the right combination so that you have a happy tenant, AND you get paid on time every month to make a profit.

Part of that has to do with screening your tenant REALLY, REALLY well BEFORE they move in, to prevent any disastrous situations from happening in the first place…but, once they move in…in a way, they become your CUSTOMER. And the longer that person becomes your customer, the better it will be for everyone involved. Tenants don’t usually like moving around, and landlords don’t like having to fill vacancies…so, I try to go out of my way to make sure the tenant is as happy as possible, and wants to stay as long as they like. Even if that means I’ll lose a little money every now and then, in the LONG TERM – I know I’ll make it back, plus WAY MORE.

There’s also few windows that will HAVE to be replaced because they’re beyond repairing. HOWEVER…once I replace a few, I starting thinking to myself…well, I may as well replace THEM ALL NOW, so they match.

On the one hand, I won’t really get more money in rent for having all new windows…and replacing everything will cost me an extra $9000 for materials and installation HOWEVER…if I DID change them out, having new windows be one less thing to replace in the future. AND…if I’m going to replace them, NOW is the time to do it…not to mention, they might be appreciated by the tenant who moves in next.

But, is it really worth the cost to replace windows that are perfectly functional…but just a little old?

Although, I gotta say…overall…this process has been going really smoothly. The demo of this unit should hopefully be done by the time this video is posted, and then they can begin re-building it up and getting it back to looking as good as new…because…well…it will be new.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

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