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Before & After(ish) Rental Renovation... HouseHack Mistakes & Lessons.

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0:00

hey everyone me Kevin here coming to you

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with another real estate Renta I feel

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like it's been a while since we've

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gotten to do one of these and I'm so

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excited because we are at a house hack

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renovation it's still got work to do so

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it's totally renovation in progress but

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you're going to get to see some cool

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things so you get to see a little bit of

0:16

our house hack formula uh remember if

0:18

you want to learn more about house hack

0:19

go to house hack.com we've got an offer

0:21

going for accredited investors you get

0:23

paid 5% plus all the upside in the stock

0:26

evaluation all the details over at

0:28

house.com if you want to invest if

0:30

you're accredited now still working on

0:31

on accredited so in this video I'll show

0:33

you some before images with the

0:35

matterport and at the end of the video

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we'll talk more about house sack okay

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let's get into this so let's learn some

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lessons here uh first big fan of curb

0:43

appeal you do some grass in the front

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and then after you do a little bit of

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grass in the front because you don't

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want to have too much grass you come in

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over here and you get some nice curves

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going with mulch really big fan of this

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looks really great you're going to

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actually see this how we did this in the

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backyard as well and okay I love the

1:00

Rocks they put in so looks good probably

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rearrange love that cuz that adds a lot

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of weight in your dumpster too which by

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the way if you ever have a dumpster or

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you're hauling things away big fan if

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one of your neighbors comes over they're

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like hey man can I throw something in it

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take it you you really want to be doing

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good for the community and helping

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people out even if it costs you you know

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an extra two or three bucks or whatever

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it's it's important for your neighbors

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to be happy with you I actually like

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going up to the painters and uh or so

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not the painters I was reading

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somebody's truck I actually like going

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up to the neighbors and saying hey

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here's 's my number if you ever have a

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problem hit us up uh and and then now if

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there's ever an issue with a tenant or

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whatever they they know oh you know I'll

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just I'll just hit up the team or

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whatever and uh and then they don't you

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know gripe on like it's better for them

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to feel like they can be involved rather

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than not uh I I know that sounds like oh

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no then I'm going to get bothered all

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the time you shouldn't so especially if

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you're renting to good tenants right but

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I wanted to walk over here because I

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just wanted to say we bought this next

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to this place right here and they've got

2:00

Tesla solar panels and the Tesla power

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wall and they have a sprinter with the

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blackout plate which I'm really jealous

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of so really gorgeous remodel house over

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here uh they got a gorgeous garage too

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and the folks across the way on this

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property are totally remodeling as well

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in fact you can see they're just

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starting a big remodel over here which

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is exciting because the whole

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neighborhood I mean look at this look at

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that that looks pretty awesome you got

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the Tesla uh Power walls right here

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beautiful garage it looks really good so

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we're going to be right next to this

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let's uh let's go take a look inside and

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show you now um I'll throw up some

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before as I'm walking around as well so

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you can see it from the matterport but

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take a look at this right now this is

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all just a mess right this is what a

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garage kind of look like when you're in

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run out I'm going to sneak by hey I'm

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going to sneak by really quick if you

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don't mind sorry about that there we go

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all right I'll get out of your way

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thanks man all right there we go okay

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we're pouring some new concrete there so

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they're just not prepping it uh but okay

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so here we are on the inside uh still

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obviously work to do but I mean just

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look at this and compare it to what it

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was so I'll put up what it was on screen

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here with the mapor and you can see this

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is already vastly different and really

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exciting uh and take a look at this we

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got the kitchen over here which it's

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still going in obviously but it's all

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set uh we've got window for the sink by

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the front door new window over here

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we've got dual paint Windows over here

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that are in which is great uh so we've

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really upgraded usually I don't go

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through and do all the new windows but

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these over here were like the 1960s

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loued windows and I'll tell you if you

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get a place with the 1960s loued windows

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I mean unless you got like literally the

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best climate in the world and it's just

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never hot or cold you kind of got to get

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rid of them so does increase the cost a

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little bit but honestly some some of

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these properties are so high quality

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that I is buying especially in the

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neighborhoods that they're in we just

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want to these forever because it's going

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to as long as they keep printing money

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the government these These are going to

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continue to be a hedge and a great

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investment we think extrem you know long

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term we're really excited about them by

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the way if you want all of my tips and

4:12

tricks for renovations I have a

4:14

do-it-yourself property management and

4:16

Rental Renovations course which will get

4:18

you going with Renovations and 10

4:21

placement in addition to that I also

4:23

have a zero to millionaire real estate

4:25

investing course to help you get started

4:27

on your first home your first rental

4:29

property real estate principles your

4:32

second rental property it's really good

4:35

so check out both of those courses over

4:37

at meetkevin.com sometimes we're also

4:39

running coupon codes so watch for those

4:42

especially around holidays we're really

4:44

excited about them uh but you know we've

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got our sparkly actually we didn't go

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with sparkly white on this one a little

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dirty right now uh but we went with more

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of a pure white quartz on this one which

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is really exciting sparkly white is what

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I always used to go with but we think

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we've kind of like grown up to go with

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more of a pure white now so You' got

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this white on white which is a really

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Timeless look uh a noob vers Pro tip

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here a noob is going to go for what's in

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today but in two years that's out a pro

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is going to be thinking what's going to

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be in in 10 years so when I go to resell

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this or rent this out again in the

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future I can easily do that now uh let's

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see check we got tamper resistant Outlet

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so that looks good I always like the

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we've got to get uh our micro Hood in

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over here uh so that's still coming and

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we've got our can over the sink so it

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looks pretty good when it comes to

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appliances I love that you can get

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appliances pretty freaking inexpensively

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I mean this looks great it's a GE and

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usually these run somewhere between 6 to

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700 bucks you get the oven you get the

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range so beats having a wall oven and

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then a separate cooktop cuz a cooktop

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alone could be 1,000 bucks in a wall is

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like 1,000 bucks so then it's two grand

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versus like 600 to 800 bucks these are

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so easy these box units like this love

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these so anytime I have anytime I can

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move to these and then I try to just go

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base and sort more entry level stainless

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good enough easy to replace doesn't

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break the bank don't have to go much

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more expensive than that so pretty

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exciting uh we're going to start going

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with a lighter floor after this this

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one's fine uh and this has been part of

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our formula but we're we're trying to

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just always update and so on our next

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property we're going to be updating to a

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bright uh a more light floor uh and then

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of course we still have touch-up paint

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this is just really coat number one uh

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so uh again it's renovation in progress

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right so we just this was a disaster

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like you see this on the matterport I

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mean this is going to be a crazy before

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and after but new verse Pro tip two

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things when it comes to bathrooms number

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one again follow the rule of the kitchen

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do not do what's in now do what is going

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to be timeless and what is timeless my

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friends the classic white subway tile

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and I have to say this Tyler did a

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pretty bang up job I mean these lines

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Aline I love the choice of the longer

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subway tile we've got the blacked out uh

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Hardware here so really nice and then of

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course you got the tub over here clean

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that up but uh really nice put a nice

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color curtain in you're done on this one

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because it has a sort of Ved seat

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ceiling here we tiled it all the way up

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to the ceiling which which looks pretty

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good uh you know vanities vanities are

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surprisingly cheap you just pick them up

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off the shelf it's amazing how

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inexpensive they are uh you know here's

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actually another vanity take a look at

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this one off the shelf nice so really

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like this uh and then another thing that

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I like is I have this sort of rule and

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it's sort of a new ver proy

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rule if I can tile one bathroom I

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fiberglass the other one or two

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depending on how many bathrooms there

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are I feel like it's a little bit of a

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hack but look at this one we still got

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to finish the drywall around it but this

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is just a basic fiberglass enclosure

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compared to the old one that was here

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and it just looks brand spanking new and

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amazing in this case it was actually

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cheaper to just get rid of the old one

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because it was so damaged and bad uh and

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reinstall new fiberglass enclosure

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certainly then it would have been the

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tile but also it would have been more

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expensive to try to glaze the other one

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just because it was in such bad shape so

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pretty good then uh you know otherwise

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you got your typical Decor Outlets and

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switches your bedrooms your ceiling fans

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bedrooms are usually pretty easy but I

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want to show you the backyard because

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the backyard's like this this is so cool

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so I'm really excited about this look at

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the backyard this place is huge mind you

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so this is the back and take a look look

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at what it was before complete disaster

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and then look at how we pulled this off

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we went over here and we went with a

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combo of mulch and rock always get the

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weed barrier Pro tip Mulch and rock uh

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by the way their water heater whoever

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did it did it wrong that should be a

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rigid exhaust pipe and the exhaust pipe

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should be extending at least 2 feet

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above the uh Ridge line of the roof but

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oopsy dupsies it's okay can't always be

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perfect in real estate uh all of my

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lumber for the fence is going to get

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painted we usually go with a brown we

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don't match the house color on it we'll

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go with a brown uh and then we're going

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to paint this concrete over here uh some

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knucklehead that we fired after they did

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this painted on our concrete but that's

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okay because we'll just we'll you know

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we'll etch it and we'll concrete prime

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it and then we'll get rid of um that by

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just painting but anyway combo of rocks

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mulch grass look how nice that is it's

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almost like you could have a putting

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green back here uh really cool large

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private backyard look how nice this is I

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mean great for for kids or whatever but

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very very very cool so cool mean great

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house now the nice thing about houses

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like this is they're single family homes

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you know 32 42 and a halfs whatever you

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get them in really great neighborhoods

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where people want to stay and live and

10:25

grow up a family or whatever raise a

10:26

family tenants don't want to leave so

10:29

even if you get a tenant in at a lower

10:34

price to start with to get the highest

10:36

quality tenant it's easier to move a

10:40

tenant to Market over time and raise

10:44

rents over time that's not to say like

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oh we want to raise rents on tenants all

10:47

the time it's just to say let's say a a

10:50

house is worth I don't know 4500 bucks

10:53

in rent and that's the market rent and

10:55

then you put it up for

10:57

$43.95 soch technically you're $105

11:00

under Market you can make that up with a

11:03

little bit of an extra rent increase

11:04

every year thereafter and what you've

11:06

done now is you've attracted a higher

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quality tenant and you've given them a

11:09

good deal for the first year as opposed

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to the typical thing that you see which

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is apartment buildings do this all the

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time they'll try to get well we want

11:17

$5,000 in rent and then they'll give you

11:19

your first free month or whatever and

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then you're like why am I paying five

11:23

Market's 45 and then they move and you

11:25

get turnover turnover turnover we don't

11:27

want turnover we want quality tenants

11:28

happy tenants we want to be a good

11:29

landlord not trying to rip people off uh

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just trying to provide a good community

11:33

service out there you know America needs

11:35

more of that and I get it you know

11:36

people are really like anti-corporate

11:38

landlord but you know we actually think

11:41

that most landlords suck and like

11:45

everybody should be anti-ad landlord

11:49

we're just Pro good landlord but it's

11:52

amazing I mean I see people all the time

11:54

they're like oh uh you know I I hit up

11:56

my landlord and ask him to repair a

11:58

leaky toilet toet or whatever and he

12:00

comes over with his tool bag and you

12:02

know does a half a job and and then has

12:04

to you know come back again and the

12:07

customer service is bad because it's

12:08

never done correctly the first time you

12:10

that those are the kinds of things that

12:11

we're trying to stay away from we we

12:13

want to do quality work uh we get good

12:16

deals on the buy that's where we make

12:17

the money and if our Renovations go a

12:20

little bit above budget uh hopefully

12:22

they average out with the other

12:23

Renovations we do which they usually do

12:26

uh and if they don't then it's okay we

12:28

have long-term great quality assets and

12:31

that's really what we're a big fan of

12:33

we're a big fan of buy real estate don't

12:35

wait to buy real estate buy real estate

12:36

and wait and then just huddle you know

12:38

if you go through a turbulent Economic

12:41

Times or whatever the less debt you have

12:43

the better at house hack all of our real

12:45

estate is owned free and clear uh and so

12:48

anything anybody invests in house hack

12:51

we just go buy more cash flowing real

12:53

estate and uh for new investors we're

12:55

paying out 5% now for a quick update on

12:58

house as I show you some more of this

13:00

before footage we're kicking butt we own

13:02

about $60 million right now in cash flow

13:04

positive a free and clear real estate

13:07

zero debt on that real estate we're also

13:11

operating the company at a positive now

13:13

and since we're up and running we've got

13:15

our properties rented out and we're in a

13:18

position where we've streamlined our

13:20

expenses our systems our

13:22

procedures we expect all of 2025 to be

13:26

profitable to where we hope we can pay a

13:29

dividend in

13:31

2026 we think that's going to be awesome

13:34

to start returning some cash to

13:36

shareholders and if you want to invest

13:38

before we start paying dividends or

13:41

before we hopefully go public in the

13:43

future consider going to house hack.com

13:45

we do have an offering right now only

13:47

available for accredited investors so

13:50

make sure you read the PPM since this

13:52

video can't be a solicitation but do

13:54

keep in mind we're also working on

13:56

seeing what we can do to get the

13:58

regulation a non accredited investors in

14:01

so stay tuned we're working on it for

14:03

you the current offer does get you the

14:06

opportunity to get a 5% yield secured by

14:09

the company which has all the free and

14:11

clear real estate which means that you

14:13

get a 5% yield annually paid monthly

14:17

plus you get the upside in the stock if

14:20

we go public in the future it goes up in

14:22

value and it goes down in value the

14:25

company promises to pay your money back

14:27

that's because these are convertible

14:28

bonds and they give you some awesome

14:30

preferences so check that out over at

14:32

house hack.com read the details there if

14:35

you have any questions you can always

14:36

email us at IR house hack.com and stay

14:40

tuned for more updates thanks so much

14:42

make sure to subscribe we'll see you

14:43

soon

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