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28 August 2024 | 74 replies
Castle and Key was a interesting choice but they definitely to me hit the mark for gin more.
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23 August 2024 | 2 replies
Can I ask what rate you ultimately decided on and which of those 3 services was closest to that rate?
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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 | 3 replies
Ultimately, consider your long-term goals and financial stability when making your decision.
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22 August 2024 | 20 replies
She had good answers to all my questions (and there were a LOT of them) and made me confident that I am making the right choice.
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23 August 2024 | 14 replies
I am located in Venice, Florida and I'm in an area where vacation rentals are a popular choice.
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22 August 2024 | 10 replies
Rochester is great for investment and the prices are decent to get a duplex (4 bed, 2 bath min total).One concern though, when people who are not contractors say they are good at home improvements, they aren't usually as good as they think and their value isn't higher, it's actually lower because of unpermitted renovations or personal cosmetic choices.
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24 August 2024 | 3 replies
But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates.” — Lawrence Yun, NAR’s Chief Economist
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22 August 2024 | 4 replies
Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.
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23 August 2024 | 1 reply
So my thought is to provide a summary to sellers of the 3 options on the front end which explain the pros/cons with each and ultimately provide them with an estimate of their proceeds based on the option they select.