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Results (9,089+)
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.
Diego L. Dog urine smell
14 August 2024 | 8 replies
If it were mine I would try a pressure wash.
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.  
Collin Hays Just got a 1 star due to the ghosts
14 August 2024 | 33 replies
You know that the life cycle of a company is in decline when they basically wash their hands of anything and everything, have zero sense of any reasonableness, nor the slightest interest in helping their “partners”.At this point, it’s all just a money grab. 
Shahaf Matityahu Converting duplex into triplex
14 August 2024 | 2 replies
The downside was he later hired employees which caused insurance and other issues running a business from a residential district.