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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.  
Nubia Silva Pluming company damaged my fiberglass shower pan trying to remove drain
22 August 2024 | 4 replies
I hire a pluming company replace a shower drain he quoted me at $560.00 He had down the initial inspection and the never mentioned anything about the shower pan being damaged.Today he came out and said that the that the drain was corroded from all the hard water and was not able to remove the drain, he them send me photos of the shower pan with a whole near the drain and the tools use to try to remove it.
Brandon Kunasek Fix and Flip at COASTAL PINES in Myrtle Beach, SC
23 August 2024 | 1 reply
Even though we hired a project manager, I want to be more involved in my deals.
Bobby Sharma WORST cities for permits, code enforcements, city inspectors
26 August 2024 | 28 replies
I hired a licensed contractor to do the work but still ran into so many issues with the inspectors. 
Clayton Silva Hot Topic: Rates don't matter nearly as much as you think they do
26 August 2024 | 24 replies
My career is inherently a career of repeat conversations as I do the same transactions and processes over and over but this one always comes back and I felt like it was a worthwhile post to help clear the air for both lenders and clients alike :) 
Luke Okane rent by the room
23 August 2024 | 29 replies
Target areas with companies aggressively hiring college graduates, your rental pool will improve.
Christian Chamboneth I'm new investor in the North Carolina area
23 August 2024 | 11 replies
You can usually live in a favorable location for your lifestyle and either commute to a property or hire folks to do all of the heavy lifting for you.
Michael D Kaminski How to Supervise my Property Manager?
23 August 2024 | 21 replies
A PM should be hired to alleviate the stress and responsibilities that come with being a landlord not with the idea solely on profit. 
Joe K. IL - Worth trying to collect on judgement?
19 August 2024 | 3 replies
Lower-skill jobs have higher turnover, and companies that hire for these roles are always hiring and are likely not the pickiest employers (for example, the average annual restaurant industry turnover rate is 79.6% from 2013-2023 – 79.6% of restaurant employees leave their job every year).
Tom Albares Sold short term rental condo in Tucson
22 August 2024 | 0 replies
If you want to be successful at short term rentals, learn guest relations or hire a property manager.