Saturday, January 22, 2011

Not Allowed in Our Buildings

Lets face it, you can't have ordinary, run of the mill, regular, vanilla "stuff" and be special. The two just don't go together. So lets list some of those ordinary things we, effectively immediately, have banned from our buildings.

1) Cheap white Home Depot vanities.

2) "White box" walls. This isn't to say there aren't rooms that don't look fantastic in white. But the majority of rooms should have level of designer color scheme.

3) Stock formica formed countertops with the ugly curved backsplash.

4) Cheap stainless steel kitchen sinks.

5) Stick down linoleum tiles.

6) Laminate Flooring.

7) Drop Ceilings (except in basements).

8) Cheap cheesy light fixtures.

9) Oak contractor flat panel kitchen cabinets.

10) Cheap curtain rods for showers that aren't permanently screwed in.

11) Windows in showers (replace with glass block and tile trim).

12) Flat panel hollow core doors. Ideally a minimum of panel pine doors.

13) Shoddy workmanship. "Good enough usually isn't"

14) Showing homes before they are spotless clean, all work finished, all appliances & fixtures installed, paint scraped from all windows and windows clean, landscaping at its prime and walkways shoveled. All stickers and labels removed and sticky shit is gone too.

15) Any mechanical solution that is inherently faulty or destined to required further maintenance. i.e. sinks, bathtubs, backslashes that are not silicone caulked.

16) Painted hardware. The cheapest grade contractor hardware.

And finally, a new floor matt waiting at the door entrance for people to take their shoes off and view the home without street shoes.

In short, we want the quality of the products and workmanship used to exceed anything our tenants would find in competing homes.

Please tell us what else should be added to this list to make our properties special!!!

1 comment:

  1. I lease and manage over 200 properties in the West Michigan area. When renovating a home for the first tenant I've found a few tricks to sell them the home they will want to live in long term, respect and enhance, and be asking you to extend the lease rather than the other way around.

    It is important to keep in mind that the leasing process is typically one of the few times in a Landlord- Tenant relationship where both parties are of completely equal negotiating power; you need to eliminate that desire for the tenant to negotiate by offering a home/ experience that blows any competition out of the water.

    Originally I did what so many do; Let the prospective tenants know you are willing to make minor changes to the home if they see something that is a deal breaker. I would always say, " obviously we can't change the flooring but if you would like a room painted....."

    On my most recent renovation I decided to market the home slightly differently; I wanted a tenant to feel like the home was theirs and custom just as if they were buying it. I decided to hold-off on carpet installation (after removing the old and cleaning up the sub floor) and marketing the property as " Brand New, Never Lived In, Your Choice of Carpet!" It cost me nothing more to have a few options of carpet for the tenant to choose from and quickly attracted many well qualified, long-term, applicants!

    This idea, coupled with a well designed and custom home, can close the deal with Grade A tenants and have their friends asking when your next renovation is available to lease!