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26 August 2024 | 13 replies
It just fits our buy box and meets our criteria for a house hack turned long term buy and hold at that purchase price.
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25 August 2024 | 30 replies
Yes, I have a couple contractors that may be a good fit.
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24 August 2024 | 18 replies
I take all of the tenant calls, do all my own taxes and do almost none of the physical work.
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23 August 2024 | 4 replies
Franchises work great when their exact model fits, round hole round peg.
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27 August 2024 | 43 replies
Your deal just doesn't fit, by definition or scope, the intent of the legislation (which is regulating people in the business of residential mortgage lending.)
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23 August 2024 | 4 replies
They will also examine property rent rolls, leases, and expenses to verify the property fits their DSCR requirements.
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23 August 2024 | 3 replies
Plus, they customize their quotes, so you can get a plan that fits your specific needs, whether you're a small lender or a larger operation.
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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 | 19 replies
Some sort of management courses would also be useful RE is not only managing a physical property but tenants, handymen, skilled tradesmen, etc.
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23 August 2024 | 19 replies
Then when you come across a deal that fits, underwrite the deal and present it to them. 3.