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26 August 2024 | 15 replies
I like to keep in mind all these builders that are doing new builds for rental property buyers they cant put anymore into the homes and make the numbers work than they are doing basically they have to build to minimum UBC codes and beat the crap out of sub pricing so you get what you pay for no doubt..
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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 | 2 replies
There are several reasons why you might like private lending when compared to traditional banking.We provide much faster approval, there are fewer bureaucratic hurdles in our process.
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25 August 2024 | 30 replies
The thing I like about them is that they are one source for me to beat up on when they guys don't show up.
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24 August 2024 | 3 replies
The ZIPs in Realtor.com’s Top 10 are seeing nearly 4x as many views per listing and selling 1 month faster than the typical home nationally.
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24 August 2024 | 9 replies
Your ARV will need to be at least $122k for this to work.Will the projected rents support the payment on the $91k mortgage + property taxes + insurance (called PITI)?
30 August 2024 | 70 replies
If you buy the education, the people who recruit you will be at the meetings that you attend.
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22 August 2024 | 6 replies
This can be an advantage as smaller investors are far more nimble and get things done much faster than the big banks.There's a reason that pools nowadays are heavy with notes in slow moving states.
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23 August 2024 | 22 replies
Of course that total would have to be at or below my max asking price based on the BP calculators.
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23 August 2024 | 29 replies
Right now I have 2 tenants: a law student, and a travel nurse.I have been trying to fill my last vacancy, and needing to streamline my process when the eventual turnover occurs so I can fill vacancies much faster than what I do today.