
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.

22 August 2024 | 0 replies
The foundation was completely rotted out and the house was falling in on itself, but after repairs it has made a great home to two different families.

23 August 2024 | 22 replies
I estimated that my repair costs would be around 25k.

24 August 2024 | 26 replies
Check vacancy rates, repair costs, ARVs, etc.

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.

22 August 2024 | 0 replies
I have a property in Florida where the HOA is responsible for maintenance and repair of all parts of the building outside of my unit walls, including the roof.
22 August 2024 | 0 replies
Minor repairs with a possible remodel in the future.

25 August 2024 | 23 replies
Now I would make sure that the title company holds the deposit not the seller, I as seller prefer to be paid the deposit but I am OK with a title company holding it.My biggest concern would be that, as said above, the numbers they give you may not be real numbers, You need to be able to evaluate the property on your own and not trust the numbers they give you for repairs and resale value, rents, expenses etc.

26 August 2024 | 44 replies
It's absolutely ridiculous how the phaseout of R22 and R454B causes the cost of repairs to skyrocket.

22 August 2024 | 10 replies
I plan on handling most of the cosmetic updates and mechanical repairs, to a point.