What happens when you've renovated over 500 multifamily units? You stop guessing and start getting scientific. In this solo episode, Aaron shares the hard lessons and real-world strategies that have added over $125,000/month in new revenue from renovations.
He breaks down what he calls the “three-legged stool” of successful renovation: budget, quality, and speed—and why messing up just one leg can kill your entire deal.
TAKEAWAYS
- Why managing contractors is just as important as hiring them
- The real cost of poor speed in multifamily renovations
- How to align quality with your asset class and tenant base
- Why your budget needs more than just a contingency—it needs a mindset shift
- The dangers of thinking renovations are passive
FOLLOWS
Oak IQ Investments → https://www.instagram.com/oakiq/
Own The Exit → https://www.instagram.com/owntheexit/
Aaron Investing → https://www.instagram.com/aaroninvesting/
CHAPTERS
00:00 - The “Value Add” Trap
03:07 - Renovation Pillar #1: Budget
05:35 - Renovation Pillar #2: Quality
08:13 - Renovation Pillar #3: Speed
11:53 - Why Renovations Fail in the Real World
13:18 - Final Thoughts: Stop Winging It
KEYWORDS
multifamily renovation, real estate investing, value add deals, passive income, construction management, property management, apartment rehabs, real estate strategy, investment risk, rental property upgrades, project budgeting, construction timelines, contractor quality, renovation mistakes, investing efficiency, maximizing NOI, real estate due diligence, smart investing, speed of execution, housing shortage
EPISODE 122
WANT TO LEARN MORE?
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