Austin Wayland
First home purchased, turned into first rental
24 August 2024 | 1 reply
wash, rinse, repeat!
Wai Chan
Providing tenant alternate accommodation when i need to fix the house
26 August 2024 | 23 replies
Think she may be washing the dogs in the new tub if you put one in.
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.
Steven Westlake
Event hall as a rental ????
20 August 2024 | 64 replies
Your post, @Steven Westlake, reminds me of others here asking about car washes and self-storage facilities.
Dalton Smith
Ask a General Contractor (me) anything!
25 August 2024 | 61 replies
Use your gut too, if they say they’ve done big jobs and have a ton of experience but need an advance or just look like they washed up off the curb.
Trey Schwilling
New to real estate investing, contemplating carwash/storage property.
18 August 2024 | 3 replies
@Trey Schwilling are the car wash and self storage numbers reversed?
Mike Gallagher
new member utah
18 August 2024 | 16 replies
,I mostly stick to weber and davis counties, just finished one in wash. terrace.
Ben Stout
HUD Home/Plumbing doesn't hold pressure
18 August 2024 | 11 replies
A quick inspection made prior to making an offer showed that the previous owner apparently could not remove a washing machine hose so he cut the pipe off before the valve.
Jonathan Greene
The 5 Biggest Mistakes New Investors Are Making Here In The Forums
19 August 2024 | 244 replies
My opinion was he attempted to add levity/humor to a thread that is getting too personal.