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Investing in Expensive Renovations for Rental Apartments


               
2013 Jul 13, 5:26pm   3,079 views  11 comments

by soeren   follow (0)  

http://finance.yahoo.com/news/investing-expensive-renovations-rental-apartments-233000708.html

Designer Kendall Wilkinson recently completed an ambitious renovation on a 3,000-square-foot penthouse in San Francisco's Nob Hill. She gutted the apartment, adding a den and putting in leather walls, marble floors, new molding, a high-end kitchen with features by designer Christopher Peacock and Waterworks fixtures. She also designed a closet with custom built-ins, turned a bedroom into a library and made three bedrooms into two bathrooms. Her clients spent about $1 million on the upgrade. But when their lease is up, they will be leaving most of these improvements behind. In competitive real-estate markets, some luxury renters are making a...

#investing

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8   varmint   @   2013 Jul 19, 3:15am  

30k/mo rent is pretty lulz-worthy

10   finehoe   @   2013 Jul 19, 5:30am  

^^Does the tiger come with it?

11   New Renter   @   2013 Jul 19, 8:14am  

finehoe says

^^Does the tiger come with it?

Yes, when you're late with the rent.

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