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26 August 2024 | 14 replies
Maybe a finding property that's move in ready or needs some light renovation work (paint, flooring).
24 August 2024 | 55 replies
I think a ReafCo filter would clean up half of the issues.
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26 August 2024 | 25 replies
I’m currently trying to decide between two 3 bedroom units (one is roof top with gulf views and boat slip, other is ground floor with direct access to pool and big patio) , or a one bedroom in the same building that’s also roof top with gulf views (I believe sandpiper).
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25 August 2024 | 61 replies
Remove acoustic, paint walls light tans, use composite wood floors.
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25 August 2024 | 13 replies
Everything from the window choice and wrapping to the flooring decision to the layouts and general roof pitch.
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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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21 August 2024 | 16 replies
Now that I’m paying 18% (which includes cleaning fee) then paying out the entirety of the cleaning fee as well feels like double dipping.
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28 August 2024 | 74 replies
I can say she left the place clean other than she violated the lease terms by smoking in it and busted a hole in the air return box.
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23 August 2024 | 6 replies
Hey Folks,I'm under contract to buy a 4 unit building, 3 prime residential with ground floor commercial.
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23 August 2024 | 29 replies
My tenants all get along and the homes are very clean every time I pop in to collect rent in my lock boxes some people drop cash in.