Whatever you want.
Do it.
Let's go do it.
All right. What's going on YouTube? It's Matt Faircloth. So I've got something exciting
to show you. A lot of people want to buy apartment buildings and we want to show you guys an
apartment building that we own, that we're turning around. The way you make money in
apartment buildings is you buy something that's in this condition and you renovate it and
you make it in this condition and you can make more rents and you can value add and
make things better and make the complex more awesome.
Justin Frazier right here is going to be walking a contractor through a unit that needs a bunch
of work and through a unit that's already been turned. So what you guys are going to
get to witness is the bad, a really ripped up unit and then a unit that's already been
turned over and you're going to hear contractor feedback on what needs to be done to make
this happen. You guys are going to get to bear witness to all of this. So, Justin, thank
you for shooting this for us today. Cool.
Let's go. Let's go do it.
Why don't you guys go take a walk together?
Come with me. All right guys, I am here in one of our units that needs a boatload of
work. This is our prerenovation unit and, as Matt was just talking about, we've got
to take this unit and turn it into something that tenants are really going to enjoy and
feel like home.
So I have RJ from Season To Season Contracting here. This is RJ's first time at the property
and so we're going to have him walk through this unit. We're going to talk about the scope
of work. We're going to talk about any questions that he might have so that he gets an understanding
because what I want from RJ is a nice written estimate to go along with my scope of work,
so that I know what it's going to cost me to have RJ come in here and turn this unit
for us. Shout out to [Alex Felice 00:00:01:46] for getting us RJ and RJ has done some work
for him. So Alex, wherever you are, thanks so much for brokering this relationship. You
are the man, appreciate it.
So RJ, we're standing here in this unit. This is a one bedroom unit and as you know, we've
already talked very briefly that the paneling is staying right?
Yes.
So it's cost prohibitive for us to take out the paneling and put up sheet rock. But what
we are doing is painting all the paneling, so we have a nice agreeable gray that is in
our scope of work.
Okay.
What questions do you have about this room?
I'm assuming we're going to mud those and sand them and...
Okay. The number one goal is to keep what we have, patch it where we need to and then
we're going to put the paint right over it.
Okay. Floor wise, we have carpet in here. We're going back with carpet or we're going
to-
We're going to keep carpet in the bedrooms. Not this carpet obviously.
Okay.
But yes. So it's going to be carpet in the bedrooms, we're going to do sheet vinyl in
the rest of the unit.
I noticed this one doesn't actually have a door.
Yeah, we're definitely going to want a door there. We're going to want a nice brushed
nickel finish here, light fixture. We're going to want to paint the doors in the closet and
windows are okay, so we're not changing any of the windows here. We'll do many blinds
on the window.
We spoke a little bit on the door knobs and you brushing it. Are we changing the hinges
going all the way through?
That's a great question. I like how thorough you're being here. Yeah, we're actually going
to leave the hinges. We could probably paint them, but we will get the brush nickel handles
there.
Okay. That'll work.
And obviously it's a new vent covers.
Yes, going all the way through.
Throughout, yep.
Okay.
Yep. So if you come in and check out the bathroom here, what we're going to do is a new vanity.
Okay.
We're going to glaze the tub if needed, where needed. New mirror, medicine cabinet and we're
going to put in a new toilet.
Okay. What about the artwork? Leave that on?
Artwork is fantastic.
Okay.
So one thing actually that happened at this property is we found a lot of units did not
have doors or had holes in the doors. So where the doors were good for the previous renovations
we've done, we came in and took the doors from these other units. So we've been borrowing
from ourselves for the doors and now we've actually got to come in and put some new doors
in these places because we've run out of doors to use.
Makes sense.
Yep. So here in the kitchen, we've got a lot of work that has to be done, obviously. We're
keeping the footprint, we're not changing anything there. As you can see, we have a
bit of a passthrough here, some cabinets. If I can keep the cabinet boxes, I want to
keep the cabinet boxes. In a lot of our units we can, in some of the units we can't. So
I will need a price for the cabinet boxes and without the cabinet boxes. We are however,
replacing all the doors and we're putting new hardware on each of the doors, right?
So that gives it that fresh look and we're painting the boxes. So the boxes are going
to be painted gray, doors are going to be painted gray and new hardware there.
New hood vents.
New hood vents. New appliances where needed as in this unit we will need new appliances.
And yeah, we'll evaluate that box and see if we can save it. And new counters on top
and new light fixtures.
Okay.
So RJ in here, this room needs obviously paint, needs new light fixtures, a lot of the same
stuff that we've been talking about throughout the rest of this unit. We're going to do the
sheet vinyl on the floor that looks like hardwood but it's not hardwood.
Okay.
And we're going to need a new frame here on the door or fix that up at least so that we
can lock this thing properly.
Yes, you will need a new frame. It's been kicked in.
Yep.
Looking in here, we have some small details. I'm looking at our meetup here. Some small,
nothing real major going all the way through a little work. Changing that out.
Yep.
Okay. Once we moved behind the door, I'm assuming there's no big holes in the walls behind the
panels or the doors here. Okay, all right, no this looks good.
RJ, we don't have to go really far. We're going to go right across the hall and check
out our finished unit.
Okay.
So this is it. You can obviously see a lot more brighter, fresh, you've got the flooring
feels and looks amazing. The paint on the sheet rock gives it that fresh feel, our new
fixtures, the brushed nickel looks really great and light. You can tell this is our
new, so we have these in stock so I can just get you these. We've got them in a storage
unit here. So you'll have the cabinet and the counters here. In our kitchen, as you
can see, it's the same exact layout, same floor plan here, black appliances. We've got
painted boxes here but new front doors and new hardware, right? New light fixture to
brighten it all up. We've got your sink and you're good to go in here.
Oh yes.
Again, if the tub needs to be glazed, we'll glaze it. I'm happy to do that. Just again,
you can see it's... we patch and paint and then we're going to go. New mirror, new light
fixture above the mirror and our new vanity where needed. I think that one would need
a vanity over there.
Okay.
Finally we're back in the bedroom. Again, same scope of work here. We got the hardware,
we got the paint, we've got the nice carpet in here and this is our end product. Any questions
for me before you give me a scope of work and a bid?
No, no questions. It's great to see the end product so I don't have to visualize it so
we don't miss. Now I know exactly what you want, can't really mess this up.
Perfect.
As my buddy would say, two easy.
Too easy, too easy.
I'm recording.
Are you sure?
I am recording.
So guys, I'm really happy with this conversation I just had with RJ, because for me, it's critical
that we get on the same page before the work starts. So now RJ is going to be able to give
me a very precise scope of work. He knows exactly what the end product looks like that
I'm expecting and he's seen the before product, so we've got both sides of it. He's going
to be able to write up a precise scope of work with costs and then I'm going to be able
to know what that unit is going to cost me. So hopefully RJ comes in in a price that works
for us and we're going to get him here to start turning more units for us.