A couple of comments here.....
The entire plan here was to create EYE APPEAL from the street on this project....RE-READ some of the original posts John wrote about this property prior to buying it.
My advice to him was to take a building that was basically sound, and create something that OTHER business owners would want to LEASE or BUY.
That was done with the following ideas...
First off...The building was painted 2 different colors and obviously was added on to at some point. It just looked half assed...By COLOR MATCHING the paint on the "factory painted" metal building and painting the 2 story original structure that color (tan)...The two buildings were PULLED TOGETHER as one structure.
Next up.....Some paving repairs, seal coating and striping...These things sound SIMPLE. and because they are......most people skip that part of the rehab......You CAN NOT believe the difference this makes on a commercial property.
Pulling these buildings together
aesthetically is where the VALUE was created.
John had the deal, he had the location....What he DIDN'T have was a property OTHERS could see as DESIRABLE!!! By using some basic ideas he CREATED a desirable building....SO DESIRABLE in fact that it was SOLD before he owned it 3 months!!!!
NEVER, EVER, EVER under estimate the true VALUE that is behind SUBTLE AESTHETIC CHANGES to a property located in a HIGHLY VISIBLE AREA...THOUSANDS of cars, investors, business owners, and CUSTOMERS of those business owners drove by that building EVERYDAY.
USE that to your advantage!!!!
One of my philosophies when doing this type of commercial project is to ALWAYS start with the OUTSIDE REHAB FIRST...That BUILDING is a HUGE BILLBOARD....Just SEEING it transformed will create INTEREST. If done properly, and with and eye towards the total "look" of the property, BIG TIME interest can be created with relatively low levels of expeditures.
GREAT JOB John.....Don't worry about the plane ride. You can make it up to me with a CONSULTING FEE on the next one!
Sure beats the SH*T out of whacking dishwashers with baseball bats in the middle of residential neighborhoods huh John?????
Buddy....As I said to you when you were first contemplating this purchase....
If you do this one right......You'll sell every single one of your pain in the ass RESIDENTIAL RENTAL PROPERTIES and you'll never look back!!!
Remember what started this JOHN????
MY RENTALS ARE DRIVING ME CRAZY!!!!!How "crazy" did this little GEM drive you???
But hey.....What do I know????
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