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23 August 2024 | 4 replies
I paid for a coaching program that helped me improve my fee structure and nearly doubled my annual income.Going it on your own has benefits, but look for help in the most important areas.
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23 August 2024 | 6 replies
.- Tag a friend who would/could benefit from this discussion.
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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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22 August 2024 | 8 replies
You will have the same benefits.
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22 August 2024 | 7 replies
I want to know if there is a point where the cost start to outweigh the benefits and if I should just look away from this study all together when it comes to the houses I would be buying.
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24 August 2024 | 23 replies
I guess the owner would have to weight the cost vs benefit.
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23 August 2024 | 19 replies
For real estate/investing, I have found that an understanding of finance and accounting can be the biggest benefit (if he can take extracurricular courses on sales too that would be helpful).
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23 August 2024 | 11 replies
Benefits for the (EX) Husband; * he gets his $550K he agreed to accept * his children and (EX) wife get to STAY in the home as a family unit during the very formative High School daysBenefits for the (EX) wife:* She gets to stay in the home with the Children thru the High School Days* She has the extra $300,000 in funds (borrowed) thru the sale of he Note to help her make these payments for the next 36 Months* She did not have to borrow HARD MONEY rates and its doubtful a lender would even make a LOAN Here given her inability to repay it.
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24 August 2024 | 12 replies
Ok I think I’ll stick with themMost newer buyers need and benefit from a GOOD ONE.
23 August 2024 | 8 replies
Are there people that can benefit from my help?