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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.  
Jose Almonte Who pays utilities?
23 August 2024 | 4 replies
You need to pay for water, sewer, and garbage removal in NJ.
Brittney Pathkiller Help! How to get a private investor or hard money lender?
21 August 2024 | 4 replies
Most just throw you on some giant mailer list and send you anything from pure sh!
Tony Sherman Pricing a flipped property, best practices.
22 August 2024 | 2 replies
If you are listing yourself, find comps that your subject property beats out the water and list around that benchmark. 
Carol Donaldson "Networth Realty" any thoughts?
25 August 2024 | 23 replies
If I am buying directly from a property owner, I sometimes not only pay all closing cost but also back taxes, water bills etc.
Luke Okane rent by the room
23 August 2024 | 29 replies
How do you decide on the number of tenants able to fit in one property as I know its more complex than purely bedrooms, not speaking about legality's though.
Nelson Sbravatti Rental property in Kansas City area
20 August 2024 | 28 replies
Will you be using the BP calculators (or alternative) to determine "pure" cash flow so you find a deal that really works.
Steven Kim First Time Home Buyer (4-Plex)
23 August 2024 | 10 replies
The owner pays for all the bills currently 575 per unit, which include water, electricity, internet, and cable.
Dave Rav Experience with carpet tiles in a rental
21 August 2024 | 9 replies
We put a lot of efford and attention into keeping basements dry, but we still have an occasional pipe burst or sump pump fail and see issues and when you get water in a basement; carpet can be dried and cleaned, it's the open cell pad that is holding on to gallons of water like a kitchen sponge.
Adam Campo West Baton Rouge RV Park (man camp in close proximity to Dow Chemical - Plaquemine)
22 August 2024 | 0 replies
Water to the site was a challenge that has been overcome.