Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Robert Rixer Creative Ways to Boost NOI
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.  
Cameron Fowler Out of State Investing Locations
28 August 2024 | 32 replies
@Joseph Bui I definitely would like to pick your brain for that area.
Joehn B. Texas HOA foreclosure risks?
27 August 2024 | 4 replies
However these are probably not move in ready, so you might have to do renovations and you don't recover that.HOA liens are risky and you likely get wiped out at some point.I'd say mitigate your risk by NOT buying condo foreclosures, but neighborhood HOA foreclosures where the HOA dues are more like 400-$600/year, so maybe you pick these up for $1500 and live in a $300,000-$400,000 house for a year rent free. 
James McGovern How do you identfy an agent that has successfully negotiated steep discounts on New..
26 August 2024 | 15 replies
But it does drive me nuts when I am standing in front of one of new builds and the boys are having lunch and then just drop their drink and the bag and wrappers on the ground where they are standing and walk away.. then I come up and pick it up and tell them what the F guys some dont speak english.. but they get the drift when I am staring at them Of course many dont realize also I am the owner LOL..
Adam Guymon Starting Out, help! Very unique situation.
29 August 2024 | 6 replies
How are you going to pick target markets?
Jonathan Pechmajou No Application, Rental property
26 August 2024 | 11 replies
I'd consider lowering the rental rate a bit to see if it picks up.
Bryan N. Carpet negotiation and where to buy
25 August 2024 | 4 replies
Ask contractors general contractors and even installers with carpet on their trucks where they picked up the carpet.
Dalton Smith Ask a General Contractor (me) anything!
25 August 2024 | 61 replies
I hope I can pick your brain sometimes if there’s ever a question that I can’t find an answer to.
Melissa Faraias My rental won't rent. What are my next steps?
29 August 2024 | 43 replies
My experience with the platform was a couple years back, but in Denver properties for rent got picked up VERY quickly on there. 
Kristen Ray Residental rehab materials
25 August 2024 | 12 replies
There are deals out there but you have to decide if the time for the legwork to go pick up the purchases piecemeal is better for you and your time/budget than just getting things at a central location.