Rental Property Upgrades that are worth the cost

Whether you are a new landlord, or an experienced investor looking to innovate, we have the experience and professionalism that will help minimize expenses and maximize profits. We can take neglected real estate and turn it into an ideal rental, whether that be updating kitchens, bathrooms or building that closet that can seal the deal all on its own. Real Property Management Today has been in the business for more than 20 years and is trusted by thousands of investors. We have all the tools to successfully manage your real estate portfolio, whether it be a single-family residence or a large multifamily structure.

At Real Property Management Today, we work with many real estate investors within the South Puget Sound/Tacoma Market looking to capitalize on rental home management with faster tenant acquisition.  Thinking of upgrades?  Check out our list of do’s and don’ts for the best ROI.

DOs

Renovate the Kitchen (minor)

  • Match appliances
  • Paint cabinets
  • Countertops – refinish or replace

Remodel the Bathroom (mid-range)

  • Replace toilet seat or entire toilet
  • Updated faucet or showerhead
  • Storage and/or shelving
  • New Vanity

Upgrade Curb Appeal

  • Trim back trees and shrubs
  • Pressure Wash Exterior
  • Paint exterior

Install New Floors

  • Long-lasting hard flooring: vinyl plank (30 yrs), tile, laminate

New Paint

  • Under normal wear and tear for a rental, paint last 3-5 years
  • Neutral colors

Easy Fixes

  • Blinds!
  • New light fixtures
  • Cabinet handles & door knobs

Add Popular Amenities

  • Appliances
    • Replace existing with stainless steel (lifespan of appliances = max 15 yrs)
    • Add – dishwasher, washer/dryer
    • Air Conditioning?
  • Fenced in yard
  • Off-street parking
  • Quarter-Turn Angle Stops
    • Avoid plumbing problems! Many come from old or broken angle stops
  • Smartlock Deadbolts
    • We use Kwikset’s Smartkey system to make rekeying fast and easy (cheaper than using a locksmith each time)

    • DON’Ts

    Add Pool or Spa

    • Cost upwards of $50,000 (investment will never be paid off)
    • Necessary maintenance
    • Added risk/danger (less tenant interest)

    High-End Paint

    Furnishings

    • Furniture, TVs, small appliances
      • Tenants will remove, store, damage
      • They have their own things!

    Advanced Technology:

    • Tenants like but often aren’t willing to pay that much more
    • Costly to maintain or repair
    • Sound system, smart features,

    High Maintenance Landscaping

    • Exotic flowers, expensive lawns, orchard (think about tenants water bill and time to maintain)
    • Should be minimal, inexpensive, easy to maintain (simple & neat)

    Luxury Kitchen/Bathroom

    • Custom cabinets
    • Expensive Countertops (granite)

    Custom Closet Organization

    Carpet

    We are the leading experts in property management services for the entire South Sound region. Our passion is to help our clients with a full suite of property management services so you can focus on what is important, be it family or growing your rental portfolio. With our knowledge, experience, and technology, we know our commitment to you as an investor and homeowner are second to none. No matter the project or needed improvement we are there for you. First impressions always last, let us help you build your curb appeal to draw attention to future tenants. Learn more by clicking the link below to get started on your rental property management.