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24 August 2024 | 1 reply
Even if they are spayed/neutered, cat's must use a litter box that is cleaned regularly or the odor can get bad.
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25 August 2024 | 11 replies
Some people want regular and some people want spectacular.
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26 August 2024 | 44 replies
I live up north where it regularly gets down to -20 degrees.
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21 August 2024 | 8 replies
The vision of this program is to help the investor determine if it is a viable file AND to monitor the property’s investment value after purchase.
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27 August 2024 | 19 replies
For example, in the past you may have used your cousin (who doesn't sell any homes regularly) to help you find a home, that could have bitten you in the behind because something came up or was overlooked in the transaction which ended up costing you more than you planned. now that you are paying, you are hoping whoever you are dealing with is qualified.
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22 August 2024 | 7 replies
., one piece of paper in the driveway), though we did have a bad guest that partied into the night and stole some of my furniture (the pulled the plug on the WiFi so noise monitoring was off).
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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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24 August 2024 | 23 replies
This reduces the time it takes for the funds to clear the Client Trust Account and for this reason, the only usually gets their money as regularly scheduled.
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23 August 2024 | 1 reply
Submetering seems reasonable, as the price isn't too terrible, but then I'd have to have the property manager bill them regularly, and at the end of the day, if they do not pay it, then I am still overall responsible for paying it.
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22 August 2024 | 2 replies
Make sure to have clear documentation of regular, on time rent payments and the agreement clearly laid out.