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Results (10,000+)
Mary Jay What is the proper way to deal with the security dep notice if no forwarding address?
24 August 2024 | 11 replies
(You can take a pic with the door open and the envelope about to be put in/even make a video of it - either of this is an overkill, in my opinion.
David Colthart How to BRRRR in Ohio in 2024
24 August 2024 | 26 replies
I am managing 40 doors there right now an it an absolute nightmare.
Corey Dutton Are 100% Financing Loans for Rehabs a Scam?
27 August 2024 | 43 replies
Corey, it well could be an issue with the regulators as they will see it as a requirement to make the loan and doing so opens the door to the issues I mentioned and perhaps more depending on state laws.Additionally, this may not be a subject to take up with most RE attorneys as financing conflicts are really not their bag, ask an attorney who represents banks or lenders.
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.  
Bryce Mosier New Real Estate Investor
23 August 2024 | 8 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Don Taylor Private Money Loans for Real Estate Deals
23 August 2024 | 4 replies
Talk about what you do or want to do.
Albert Johnson Tenant have security camera facing other unit
22 August 2024 | 9 replies
For the camera, can they reposition it so it doesn't point at the other door
Eric Sato Just moved back to USA - what comes first (STR or my own personal residence)
22 August 2024 | 10 replies
Our guests have their own entrance and are totally separate from our living quarters, and we still enjoy more than 1,000 square feet of our own space.
Hunter McNeill Management Agreement - "Add Agent as Additional Insured???"
23 August 2024 | 11 replies
One of the policies we saw had the breed exclusion that said something like... the breed exclusion applies if the dog breed is declared a dangerous breed in that city, state, etc or any surrounding municipality.Literally the city next to the one in question has a dog breed ban that they don't really enforce but as far as I'm concerned would open the door to a dog bite liability claim being denied.
Piper Pepperidge Not use buyers agent
24 August 2024 | 12 replies
In the Reno Tahoe area there are 2-3000 agents so it's up to us to provide value beyond opening doors.