Don’t Over-Renovate
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Don’t Over-Renovate
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About this listen
It looked beautiful… but it didn’t cash flow.
In this episode, Jason and Shafik talk about one of the most expensive rookie traps in real estate: over-renovating rental properties. Shafik shares how a well-intentioned remodel spiraled into unnecessary upgrades, longer vacancies, and thousands in lost returns—all because he treated a rental like a personal home.
You’ll learn:
The difference between rent ready and retail ready
How emotional attachment can destroy your ROI
Why “nice” doesn’t always mean profitable
How to set a renovation budget that fits the neighborhood
What upgrades truly matter to tenants—and which ones don’t
If you're about to swing a hammer, pick up this episode first. It might just save you five figures and months of regret.
📥 BONUS RESOURCE: Download Mastering Multifamily Investing – 36 Must-Ask Questions for Passive Investors at MeridianPointCapital.com/Guide