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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.  
Travis Oneill What are all the utilities for a house in Raleigh, NC
20 August 2024 | 1 reply
. ■ Mortgage ( 20% down so no PMI ) ■ HOA■ Electricity ■ Gas ( None because new construction house has electric stove ) (Everything is electric )■ Water Bill ■ Camera Security systeminternet ■ Lawn Care■ Regular Maintenance □ Will I need to pay for " Trash " ?
Zackarias Aitchison How would you find a syndication mentor
23 August 2024 | 19 replies
In regard to what to look for in a mentor (paid or unpaid) is that they are actively doing deals, are one of the main GP (not someone who has a minor role in a deal), offer a proven system for you to follow, and offer the connections you need to complete a deal.
Willis Yoder Getting Stuck in Real Estate
23 August 2024 | 5 replies
Networking with other investors can also provide fresh perspectives and new ideas, as sharing experiences often leads to innovative solutions.Additionally, leveraging technology, such as CRM systems, can help streamline lead management and follow-up processes, ensuring no potential opportunity is overlooked.
John Wilson Please stay away from Logic PM as a property manager
22 August 2024 | 21 replies
Hey, I work for Logical PM and just want to point out the following:1) John Wilson profile just created:Member since June 27, 20232) The only John Wilson in our system, and we track EVERYTHING, is a vendor, NOT an owner.3) John, feel free to reach out with your contact info, so we can resolve this professionally!
Will Sifert Big changes to the way Colorado handles it's tax sales
22 August 2024 | 15 replies
As of July 1st, 2024 Colorado will be making a change from a traditional tax lien state to a system that is hybrid, more like Florida.
Marcos Altamirano Toriz what CRM do you use?
21 August 2024 | 18 replies
We currently use Podio, but we hired a developer to customize it further, tailoring it more closely to our systems and processes.If you are just starting out, you could use the basic Podio template and continue customizing it over time.
Jerry Callow Sf Bay Area Bad for Investing?
22 August 2024 | 11 replies
At the time-mid 80's-tenant's rights were no different in Ca than elsewhere and screening with no internet was a whole other story.
Luis Lozada Where to look for my first Rental investment
23 August 2024 | 11 replies
I am a systems engineer with very little real estate knowledge, but I enjoy the learning process and have been able to teach some close friends and family.
Rahel Ketema HVAC vs Mini split system
18 August 2024 | 28 replies
Would it look modern with split system.