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Results (10,000+)
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.  
Matt F. Who gets late fees collected by property manager?
24 August 2024 | 23 replies
This reduces the time it takes for the funds to clear the Client Trust Account and for this reason, the only usually gets their money as regularly scheduled. 
Joe Kern Property Manager Fees -AirBnB
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.
Mark Torrefiel ADUs and utility metering
23 August 2024 | 1 reply
Submetering seems reasonable, as the price isn't too terrible, but then I'd have to have the property manager bill them regularly, and at the end of the day, if they do not pay it, then I am still overall responsible for paying it.
Luke Okane rent by the room
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.
Amber Straub Investment advise needed
23 August 2024 | 9 replies
Selling the house would provide a clean break and cash out the equity for investment in a multifamily property.
Matt Greenfield Rewiring a cigarette smoke-filled home: Demo to the studs?
22 August 2024 | 4 replies
Is there a world where it makes sense to leave parts of the dry wall up and try to just clean them?
Taylor Cook Who manages your books for your rental?
24 August 2024 | 18 replies
Rent and condo fees (if applicable ) are regular, insurance and property taxes are once a year, repairs are random and (hopefully) infrequent.
Stacey Wells The Benefits of Renting with an Option to Buy
22 August 2024 | 2 replies
Make sure to have clear documentation of regular, on time rent payments and the agreement clearly laid out.
Marciano Martinez First rental out of state
23 August 2024 | 13 replies
Cleaning the landscape makes a huge difference.