Aaron Maxwell
How do I find what neighborhoods are up and coming?
29 August 2024 | 16 replies
Look for neighborhoods where there are lots of people with bad hats and bad facial hair.
Ashley Gamble
HELP! Sellers didn't disclose major issues - unrentable and requires massive repairs
30 August 2024 | 9 replies
We did get negotiate money from them to help with roof repair, but now know they were not honest on their disclosure.Our inspector missed code violations, HVAC issues, pipes that had been worked on and issues hidden that had occurred while sellers lived in the house, signs of drainage and water damage inside the house that had been painted over, completely blocked dryer vent...and we are finding more daily.We have had the house looked at by a structural engineer and HVAC techs that has told us we need thousands (likely tens of thousands) of dollars worth of repairs to make this property able to rent and come up to code for rental.
Abdul Kadir
DADSON Laundry contract
29 August 2024 | 3 replies
DADSON has their washer and dryer in the room.
Devid Brodsky
First-time home buyer. Is 600k too much on an 85k salary alone?
31 August 2024 | 22 replies
You have $606 after tax dollars to spend on the rest of life's expenses, including investing, buying flowers for your significant other, cell phone bill, water/electric/vehicle expense/food/childcare/hair cuts/vacation.
Cheng Bin Zhang
How to ADU in Massachusetts
28 August 2024 | 5 replies
Electric stove, dryers, water heaters, and high-efficiency Mitsubishi heat pumps.
Emory Clayton
Should I rent to this tenant?
22 August 2024 | 9 replies
They are wanting the utilities to be included, along with washer/dryer, however as stated in the listing, and repeated to them, the house is not furnished and only offers washer/dryer hookups.
Cody Sears
Creative ways to increase income/ROI
23 August 2024 | 11 replies
Also, don't overlook the simpler ways of adding value like adding a washer and dryer to a unit or other amenities a deal might not have.
Nubia Silva
Pluming company damaged my fiberglass shower pan trying to remove drain
22 August 2024 | 4 replies
He them procede to tell me it had hair line crack and that possibly the water was leaking from there and that it was a wear and tear because those pans only last so long.
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.
Brian Coffey
Just bought prime 4-unit in Chicago....
23 August 2024 | 6 replies
If the space is big enough you could even add washer/ dryer.