Cheap & durable floor for rental kitchen
avalonna
8 years ago
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nosoccermom
8 years agolast modified: 8 years agoRelated Discussions
Buy cheap little house for rental property?
Comments (15)It isn't easy to generate a net revenue stream from a rental property under the best of circumstances and is nearly impossible if you are using a property management company. If you want to be a landlord, you really need to be the landlord. If you have to pay someone else to manage the place, that often eats up whatever cash flow was available. As a general rule, you cannot expect for someone to pay significantly more in rent than it costs to cover the mortgage, insurance, upkeep etc at first. The key to making money is to hold the place over time. If you have a fixed mortgage rate, you lock in most of your expenses at today's costs. Over time, rent rates tend to increase, so eventually you should have a positive cash flow. Sometime in the future, you will have the place paid off and then you can just continue to collect rent or sell it and cash out the equity. Of course, all sorts of things can go wrong in the meantime. You can have major repairs. You can have deadbeat tenants. Your town can overbuild apartments and drive your rent down. Who knows what the future holds? If you are looking for a safe, no work way to make money, rental property isn't the way to go. If you are willing to manage the place and have enough other assets to weather the tough patches, then you may want to look into it further....See MoreBest floor for rental?
Comments (10)But Pergo is not a "cheap laminate", is it? It is a single-family house in a nice neighborhood, not an apartment. Of course, renters don't take good care as they'd would if it were theirs, but they don't abuse it too much. This family has lived there for years. Too bad they are moving out. :-( :-) What if I did invest in a nicer floor and just used some of those washable synthetic area rugs (that one can buy for $300-$400) to protect the floor? TX!...See MoreNew cabinet doors for rental kitchen..cheap suggestions?
Comments (4)I am too lazy to properly sand between coats and paint. I'd probably have brush marks or roll marks or something that makes it look bad. I think a thermofoil will be a little more durable and washable than my attempt at paint. I suppose I could try it instead of the gel stain, even try over top of the stain it if gel stain looks crappy. The gel stain only needs a light initial sand and none between coats. I do have to sand off the layer of grease/nicotine that my tsp scrub didn't take off of the arches in the panels. I really just want to go buy cans of spray paint and give that a go, but I know it's probably a bad idea. Can I spray paint for primer?...See MoreCross post from flooring: "Best" floor for a rental
Comments (24)@eld, The floor was destroyed and was underneath the carpet when I bought the condo (water damage from leak above). The current tenant is moving out after 3 1/2 years. @Lars, yes I can get a higher rent but not that much higher. I also think that I need a floating floor, so not sure how this would work with a hardwood floor. Anyways, I just came back from Costco, where I saw this floor on display: https://www.harmonics-flooring.com/Products/camdenoak I tried unsuccessfully scratching it with my car key. They didn't have the Acacia. They also had this LVP (Java), which looked a bit faker, and I managed to make a very faint scratch. Java vinyl plank Thoughts? Will definitely seriously consider the LVP for my basement....See Moreannac54
8 years agoamg765
8 years agoavalonna
8 years agoannz3
8 years agoRachele Roberts
8 years ago
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