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26 August 2024 | 14 replies
Maybe a finding property that's move in ready or needs some light renovation work (paint, flooring).
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26 August 2024 | 25 replies
I’m currently trying to decide between two 3 bedroom units (one is roof top with gulf views and boat slip, other is ground floor with direct access to pool and big patio) , or a one bedroom in the same building that’s also roof top with gulf views (I believe sandpiper).
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25 August 2024 | 13 replies
Everything from the window choice and wrapping to the flooring decision to the layouts and general roof pitch.
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25 August 2024 | 44 replies
I'm located in Aurora, CO and have a 6 bedroom house that has a main floor that is already ADA accessable.
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26 August 2024 | 73 replies
The neighbor told us she taught pole dancing in one of the rooms & the guy who bought the home from us found the solid brass pole in the basement & the ceiling header & floor base firmly attached in one of the upper 6 bedrooms.
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23 August 2024 | 4 replies
@Robert Rixer, I don't know how creative these are, as many are common plays:Valet TrashFencing in first floor yardsProviding washer and dryers for added rentReserved, Covered parkingTech PackagesInternet and Cable contracts, with reimbursementsPayment Plan rents, with small service charge (i.e. bill 1/4 rent each week)Reserved Rental cabanas at poolPrivate pool party rental optionGolf Simulator in clubhouse - fee basedOn site, self serve car wash (quarter feeder style)Charged group fitness/personal training servicesGame room in clubhouse with monthly subscription for tenants (Xbox, Playstation, etc)Changing out high maintenance grass for astro turf or lower maintenance/lower water use shrubberyBut ultimately, I think a lot of NOI increases come from deep dive into understanding EVERY expense and finding ways to minimize them, and/or no outsource them.Train maintenance team on basic HVAC and appliance repairs (find way to get them licensed as needed)Buy paint sprayers for faster, easier turns versus having to hire a contract painter, and possibly repaint whole unit each timeStandardize all finishes, so you can buy in bulk, everything from hinges and door knobs to cabinets, paint colors, and light fixtures.Potentially get leasing people onto lower base salary with higher bonus potentialBulk/bundled insurance across portfolio (even better at scale is to self insure)Regularly test sprinkler systems for leaks.Non-NOI, but benefit to you: partner with insurance agency to get referral kickbacks from your tenant base for renter insurance.
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23 August 2024 | 6 replies
Hey Folks,I'm under contract to buy a 4 unit building, 3 prime residential with ground floor commercial.
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19 August 2024 | 1 reply
Done a couple of flips, currently working on one that I’m considering to brrr it’s a single family 3bdrm 2 bath.and hoping to get a multi unit next. we are very skilled in the construction end (have a hardwood floor business) new to the nuances of rentals especially in New York State .
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22 August 2024 | 0 replies
It's amazing what new flooring, cabinets, and paint will do to a home.
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22 August 2024 | 4 replies
What about insulation, trim, appliances, the wood floor, etc?