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23 August 2024 | 6 replies
My landlords like it.If you have a referral link that would be great, thanks again (: Do you recommend anywhere to write a lease?
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26 August 2024 | 14 replies
These areas tend to offer solid cash flow, even for out-of-state investors.Regarding company structure, owning property in an LLC is a popular option here.
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24 August 2024 | 26 replies
Your recommendations, referrals, and words of caution will be invaluable.
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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 | 54 replies
BiggerPockets now has a CPA referral page:https://www.biggerpockets.com/...
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23 August 2024 | 5 replies
Engaging with past clients through follow-up communications can rekindle interest and generate referrals.
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27 August 2024 | 43 replies
I'm not bashing it...I just tend to agree with what you've said.
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22 August 2024 | 4 replies
There tend to be two big issues with 100/100 lenders that I have seen, the first is working with/being a borrower that is okay with the heavier lift that these types of lenders require.
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28 August 2024 | 74 replies
Talisker 10 is an accessible single malt if you're coming from the bourbon side where things tend to be much smoother, like the Highland Scotches.
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24 August 2024 | 5 replies
Hard surfaces like LVP, tile, hardwood are easier to maintain long term and tend to last longer. 2.