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4 September 2024 | 14 replies
I rented a house at 25% rent discount for 3 years, where besides paying all utilitites, lawn, snow and maintenance, the tenant also supplied all appliances including range, refrigerator, washer, dryer.
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29 August 2024 | 3 replies
DADSON has their washer and dryer in the room.
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27 August 2024 | 6 replies
what happens if you need to replace a dishwasher in year 1, another dishwasher in year 2, a washer in year 3, the HVAC in year 3, and the roof in year 4?
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27 August 2024 | 6 replies
From her explanation, it sounds like she looked at her overall situation and declaring bankruptcy was her best course of action.
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25 August 2024 | 57 replies
The best example is tenants who don't know how to change a faucet washer, had few of those, and I had to go over to do it.
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22 August 2024 | 9 replies
They are wanting the utilities to be included, along with washer/dryer, however as stated in the listing, and repeated to them, the house is not furnished and only offers washer/dryer hookups.
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23 August 2024 | 11 replies
Also, don't overlook the simpler ways of adding value like adding a washer and dryer to a unit or other amenities a deal might not have.
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26 August 2024 | 73 replies
We let it ride & then found it was her brother going through a tough separation so occasionally he needed to get away.
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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 | 6 replies
If the space is big enough you could even add washer/ dryer.