This article is geared mainly to larger multi family properties but has some great takeaways for investment property owners.
First and foremost being what are your goals for the property long term and how can you craft a space that people want to live in. Many times folks get caught up on if I put $X into it how much more can I charge and stop there. I contend that this is only the first and possibly less important step. Yes it needs to make sense but making a place that keeps tenants happy and motivated to stay longer term will generate better more stable returns. Also updated properties will typically require less maintenance, less emergency maintenance calls, lower utilities, and more stable tenants.
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