All landlords need to take this topic into account: paint! A little paint can go a long way in your investment property. When you’re doing a renovation, it’s imperative that you keep your costs down so that your ROI remains high. However, you still want your rental to look nice and cozy. So how do you pick a paint that fits the bill?
I like to keep this decision easy. In our business, we use the same paint in every single property. Goodbye decision fatigue! This also keeps the costs down, because we can buy in bulk!
In the event of a tenant turnover, our team can go in for touchups, and the paint is a perfect match! We use the brand Porter Paints. They’re affordable, and incredibly durable.
It’s perfect for a rental property. We use a neutral tan/cream color consistently throughout all of our properties. You can see a before and after in this video. But what happens if your tenant wants to change the paint color?
I like to handle this issue on a case-by-case basis. Most times, I like to give my tenants permission to do as they wish, so that the property feels like home. If a tenant feels at home, they are more likely to stay long-term. The longer the tenant stays, the longer we receive consistent rent from that rental property. Check out this podcast episode on how we handle tenant requests!
What has your experience been with paint colors in your rental properties? I'd love to hear from you! Leave a comment on our YouTube video about paint.