When a tenant moves out, every landlord faces the same question: should you renovate, or keep it simple?Let's talk about the Golden Rule of Multi-Family Investing, how to decide if a renovation actually makes sense after tenant turnover. We’ll cover:- Turnover is your chance to reset rent, but how much should you budget?- The rule of thumb for renovation ROI- Smart upgrades that attract better tenants and boost building valueThis isn’t about flipping a kitchen for HGTV, it’s about making strategic choices that protect your cash flow and grow your property’s worth.If you’re a multi-family investor in Toronto (attention all you CMHC MLI Select borrowers) with multiple units in the same building, this is my framework for making that "go" or "no go" renovation decision.Watch this podcast on YouTube: https://youtu.be/c0VrRCgLI5ESchedule a 15-minute appointment to chat with me here: https://www.broadviewavenue.ca/appointmentsDownload our guides here:How to Ask Your Parents For Help: https://www.broadviewavenue.ca/family-support-for-fthbThe Toronto Professional's Guide to Real Estate Investing: https://www.broadviewavenue.ca/guide-download▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Subscribe now to keep updated for more information.If you want to chat with us, do the following:1. Send an email at [email protected]; or2. Send a direct message on my Instagram account below; or3. Book an appointment for a 15-minute video chat using the link on our website.If you’re not ready to reach out and just want to follow for more, find us online:YouTube: https://www.youtube.com/kennethyimhomes?sub_confirmation=1Instagram: https://www.instagram.com/kennethyimhomesTikTok: https://www.tiktok.com/@kennethyimhomesLinkedIn: https://www.linkedin.com/in/kennethyimhomesFacebook: https://www.facebook.com/BroadviewAvenueWeb: http://www.broadviewavenue.ca▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

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