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Updated over 6 years ago on . Most recent reply
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Helping other investors see the value add
I just listened to the BiggerPockets podcast show #205. In the podcast Jered Sturm, Brandon Turner, and Dave Meyer talk about different value add strategies like doing a rub (sub metering water), increasing energy efficiency with light bulbs, and renting out washers and dryers to the tenants.
While I was going to Southern Utah University to get my Bachelor's in Engineering and Technology I stayed in several different apartments and got to see both the good and the bad of many apartments. I noticed that some had poor management, old lighting, they didn't have sub metering for the water and they gave us a free washer and dryer.
If I could find a good value add for someone, do you think they would consider loaning me or giving me a portion of the value that I added to their property?
How do you know if the value add will cause a negative effect? For example if you were to submeter the water and the tenants left because they didn't want to pay the extra amount for the water bill.
What are other value adds that you can think of?
Thanks,
Dustin Gale