Los Angeles Property Management says that residential property managers maximize rental income. When it comes to occupancy rates, this often means investing in improvements and upgrades to your property.
There are several ways to lower cost to improve a property, whether for a stand alone residence or a multi unit complex, they can net you a significant amount for improvements.
Los Angeles Property Management Recommends Cleaning Before Replacing Anything
Los Angeles Property Management knows that landlords don’t usually replace the carpeting and paint the interior of a unit between tenant vacancies.
When it comes to carpeting, the average schedule for replacement should be every seven years.
Be sure to choose carpeting with a longer life expectancy. Unless there is damage done to the carpet, you can hire professional truck mount carpet steam cleaner to thoroughly clean the carpets.
Updating The Kitchen
Los Angeles Property Management knows that the kitchen is more of a focus for tenants than any other room.
Because of this reason, you should update the property to maximize your ROI. Calculating your ROI is based on your region and the degree of renovation done to your property.
Instead of replacing your kitchen cabinets, consider cabinet refacing, this is usually cheaper than replacing or painting the cabinets with a high quality and stylish finish.
You could use chalk paint, this is a durable product that comes in a variety of colors that can transform worn cabinets into a modern style.
Countertops do make a big difference, but choose a product that is inexpensive and durable.
There are other options like formica and similar laminated products that make it look like granite or stone. If you were to choose poured concrete counters, practically their maintenance free but they do cost more because of the installation.
For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/