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26 August 2024 | 18 replies
If you underwrote the deal according to your methodology and it netted 5-10%, you'd pull the trigger if the level of risk you're taking to achieve that result is within what you're comfortable with.
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26 August 2024 | 13 replies
Congratulations on your achievements keep up the hard work and reach out if you have any questions.
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28 August 2024 | 32 replies
Highlight your transferable skills, achievements, and education from your mentorship program to enhance credibility.2.
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25 August 2024 | 30 replies
I prefer durability and simplicity over style.
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25 August 2024 | 10 replies
However, the intention of the settlement was clarity and transparency and it achieves the exact opposite.
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24 August 2024 | 1 reply
Well, sellers in Montgomery are still achieving strong sale prices relative to their listing prices.Currently, homes in Montgomery are selling in a median of 37 days.
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27 August 2024 | 15 replies
That’s not your style or mine, but a lot of people seem to be in that group.
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24 August 2024 | 9 replies
I’d study competing units to see what they offer and think about a style and amenities that will make you competitive.
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22 August 2024 | 10 replies
I wanted to be very Dave Ramsay style on my personal property... high down payment (30-5% and only 10 or 15 year loan).
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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.