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27 August 2024 | 9 replies
Thanks for correcting me on that.
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26 August 2024 | 10 replies
* very easy to file appeal and not too hard to get assessments corrected here compared to other regions?
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27 August 2024 | 11 replies
Accounting and Bookkeeping: Since we plan to build a diverse portfolio, we want to ensure we’re setting up our accounting systems correctly from the start.
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26 August 2024 | 9 replies
if we choose sub contractors for each work and we manage all the work independantly then need to take insurance is that correct ?
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25 August 2024 | 15 replies
hi this is the honest review of pin5 and propstream so i was using connected investors but as someone else explained there was some inconsistencies with their system as well as there is now individuals on there running scams so i had to leave them then i started with propstream and been with them as well for some time the issues i have with them is a lot of their data is not correct as well and you always have to fact check the square footage of the property or the price sold with now as of today my issue with propstream is i paid to have a list over 2000 skip traced what they was able to find supposedly was 1980 the good thing they only charge for what they find so they charged me correctly the list was uploaded to calltools for my va to start calling ( now this is the kicker out of 1980 that i paid for 1660 was invalid so when i reached out to propstream and spoke with steve the mgr he said directly to me they use a 3rd party company and there was nothing they could do about that high number of invalid.not only did his response disappoint me for the simple fact i have been a paid member for sometime but now its the fact i feel its a scam as well we are talking over 60% of the list i paid for is invalid come on that will not work
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26 August 2024 | 6 replies
I'm debating doing it since I have more opportunities than money to fund right now.I think some people have said correctly that your negative mindset is going to turn people off from working with you.
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25 August 2024 | 10 replies
I think you can get them to fix items that they didn't do up front correctly if that is the case, but any negotiation is going to be before you go under contract otherwise.
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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.
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28 August 2024 | 32 replies
You are so correct, there are Multiple paths.