Kristen Ray
Residental rehab materials
25 August 2024 | 12 replies
Many of my friends get cabinets from a place called Castle Wholesalers.
James J Canull
Washington Blvd Cosmetic Flip
24 August 2024 | 2 replies
Replaced all lighting and painted all of the cabinets.
Corey Dutton
Are 100% Financing Loans for Rehabs a Scam?
27 August 2024 | 43 replies
Specifying colors, tile, cabinets or anything else in a rehab is directing the borrower.
Wai Chan
Providing tenant alternate accommodation when i need to fix the house
26 August 2024 | 23 replies
We do not replace cabinets or vanities without charging the tenant for the damages they caused.
Michael Plaks
Explained: How CPAs charge you (and why)
27 August 2024 | 13 replies
What happens if, after your contractor completed the job, you realize that you forgot to ask him to repaint the cabinet doors in the hall bath and install two extra outlets in the kitchen?
Annie Yeh
Repair for Water damage
24 August 2024 | 6 replies
I have already got paid by the insurance .now it comes to signing the contract with this restoration company ( the same company that dry the house ) , and their contract was very basic .. it didn’t list in detail of what they were going to do .. for example 1.initial material ___$upfront 2.drywall / paint _____ $upon completion 3.Cabinet completion _____ $upon completion 4.Flooring _____ $ upon completion 5.
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.
Brock Reed
My first investment property!
22 August 2024 | 0 replies
It's amazing what new flooring, cabinets, and paint will do to a home.
Tom Albares
Sold short term rental condo in Tucson
22 August 2024 | 0 replies
Remodeled kitchen, painted cabinets, new granite countertops, new stainless steel appliances.
Emory Clayton
Should I rent to this tenant?
22 August 2024 | 9 replies
Appliances has its own head aches ,wear and tear and complaints .Circling back to your case ,your appicants sounds too pushy which is a red flag.They want it for 6 months ,when clearly your ppty is clearly advertised for LTR .They want utilities included and washer and dryer installed.BIG RED FLAG.They are too demanding.You are the Landlord and not them.Donot flex your criteria and property for the applicants.Tomorrow they will come back and say the compressor unit is too loud and must be replaced,cabinets are not shaker style and closes hard while closing and needs to be replaced etc etc.To me this above mentioned applicants are a pass .