Usage - Flooring
- Appliances
- Countertops
- Wash Rooms
- Smoke Detectors
- Paint

- Alright, in today's video we're gonna talk about how to bulletproof your rental property for maximum usage. All right, Number one, flooring. When it comes to flooring, we work with what's called a loose lay flooring. This is a very durable flooring type of materials sold at Home Depot. Starts around $2.50 cents and it is waterproof. So even if your tenants spilled water on it, you've got some protection. It is also a very durable and strong flooring. So even if you drop stuff on it, you are protected. We also tend to use this type of flooring sometimes even in our washrooms. Next. When it comes to appliances, when you purchase new appliances, very important, always buy the extended warranties on your dishwasher and your washer dryer. Why? Because you've got moving parts inside of them, they tend to break a lot, and it's much easier to call your local warranty place to get that fixed. Number three, when it comes to your countertops. Okay, so we use courts. It is modern. It is stronger. It's nonpermeable and it gets more rent and it looks amazing. Okay, so we tried to work with the quartz countertop. Another item we do in the washroom. We tend to connect your fan, your vent along with the light. Okay, so when people take a shower, your tenants especially, they don't tend to turn on that, the fan. So what we do is we put them both on one switch. When you turn it on the fan runs, prevents mold, keeps the ventilation going, that's what we tend to do. When it comes to student rentals, the next step, we tend to put a smoke detector in every single bedroom. Code only requires you to have interconnected on each floor, but we tend to do one in each bedroom. Okay. The last tip, when we are dealing with paint, okay? And here's where if you're dealing with a lot of rental properties, try to have the same paint, keep the consistency throughout. This way if you need to go back in when a tenant leaves, and patch it up, it's the same color, and we tend to, it's much easier. That's about it, hope you enjoyed. Like, subscribe, hit the notification, and . Have a good one.So your rent covers all your expenses. Now, your annual mortgage pay down, so your tenants are paying down your mortgage, is approximately $20,000. So every year your mortgage is gonna come down. So in year one your mortgage is at $800,000, at the end of year one your mortgage would be about $780,000. You get $20,000 equity paid out. Assuming the market appreciates. Well last year in the GTA there was about 26%. Let's pretend that's too high, let's half it to 12%. Let's say that's too high, that's not even half, but let's say 12%. Let's have the 12% to 6%. Let's still say that's high and let's go with a 4% appreciation. Assuming your million dollar asset now appreciates at 4%, you're returning another $40,000. So you've got the $20,000, you've got the $40,000, that's $60,000. So $60,000 divided by your investment of $200,000 is a 30% return on your investment. So stock market 10%, housing market 30%. Yeah, just baloney. You remember? You remember this? My baloney has a first name.