
22 August 2024 | 1 reply
Upon a quick google search however, it appears this applicant was taken to court twice for eviction cases.

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.

24 August 2024 | 5 replies
Hard surfaces like LVP, tile, hardwood are easier to maintain long term and tend to last longer. 2.

22 August 2024 | 3 replies
@Gene May Creative financing is a big arena. it can be easier or it can make it more difficult.

22 August 2024 | 1 reply
I am thinking of converting it to a regular apartment so rents can be raised easier and increase the sale price in 2-3 years.

24 August 2024 | 12 replies
Even as we get efficient and effective buying solo, getting it to our advantage with price reductions and concessions used to be very tough but should get easier with the new (about time) rules of buyers being responsible for getting their own agent paid.

26 August 2024 | 24 replies
It's easier to show than it is to explain.

23 August 2024 | 9 replies
You could try to do a 1031 and roll the proceeds into a house hack.Your idea of a HELOC is quicker and easier, but you'll get less proceeds.Good luck

22 August 2024 | 1 reply
For example, certain electrical outlets that are dedicated to equipment such as appliances or computers should be depreciated over 5 years.Benefits of Residential Cost Segregation Although the cost segregation process may appear complex, the benefits of conducting a cost segregation study on residential rental property are both practical and significant.

21 August 2024 | 5 replies
You can find properties in the price you indicated but they have historically appreciated less than inflation, they may attract poor tenants, they likely will have poor rent growth Or house hack local market and need at low as 3.5% but easier at 5%.