Whether you own real estate as a your primary residence, a rental, or you are just looking to do a quickly flip-and-resale, your total ROI will be greatly impacted by the COST and QUALITY of the improvements you make to the property!
Experience Matters with Investment Property Improvements!
RPM Midwest is experienced in all forms of real estate related improvements and repairs. We’re investors and property owners too, so we’ve learned from many mistakes over the years. These lessons-learned help us know:
- what should and shouldn’t be done to a property (from cosmetics to mechanicals)
- what a true “good” price is for nearly ANY repair needed
- how to anticipate problems before they happen
- how to work with vendors in a safe, Owner-friendly manner
See our Before & After Gallery for other examples of our experience!
Difference Between “Repairs” and “Remodeling”
“Repairs” - Otherwise known as “maintenance”. Repairs are all the time-consuming, inconvenient, little-but-needs-to-be-done issues that are a part of property ownership. Such as:
- Fixing a leaky toilet, sewer line, roof leak, etc, etc, etc….
- Changing locks
- Restarting a furnace or AC
- Trashing out or turning over a recently occupied unit
- Calls at 3 a.m. from tenants
- etc, etc, etc.
These handyman-type issues are the things that drive a lot of Owners to a management company. While these hassles aren’t often talked about at the real estate investing seminars, handling them promptly and properly has as much to do with your ROI as your cost basis in the property.
A good maintenance department is excellent at schedule and employee management, incredibly responsive and efficient, and does it all at affordable rates.
RPM Midwest provides 24/7/365 maintenance services. We have a team of in-house employee techs, combined with a very good network of affordable contractors that can handle any needed repair. Our rates are lower than your typical handyman-type company would charge and we’re fully insured for nearly every repair.
“Remodeling” – Otherwise known as “Rehabbing.” Remodeling is for larger-scale projects that require a lot more work at one location and there is a drastic difference between the “before” and the “after.”
Investors can get HUGE discounts by purchasing properties in distressed condition if they are willing to take on the HUGE responsibility of improving the property back to a usable, marketable condition.
Far too many investors have found out the hard way that rehabbing investment property IS NOT EASY! A number of considerations must be properly managed in order for the project to be a success:
- Cosmetics and layout choices
- Selection of repairs to be made that maximize ROI (best bang for the buck)
- Vendor selection and management
- Cost management
- Scheduling management
- etc.
RPM Midwest has performed hundreds of rehabs; both for resale and for rental. Our construction management service combines our experience and excellent vendor network so an Owner can confidently be “hands off” during this critical process. Learn more about our construction management services here.
