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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.  
Bryce Mosier New Real Estate Investor
23 August 2024 | 8 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Don Taylor Private Money Loans for Real Estate Deals
23 August 2024 | 4 replies
Talk about what you do or want to do.
Irwin Dominguez Should I sell this unit at a loss or keep it? My gut tells me to sell but...
22 August 2024 | 6 replies
Expenses seem to be rising and the value is not after 4 years. 
Albert Johnson Tenant have security camera facing other unit
22 August 2024 | 9 replies
For the camera, can they reposition it so it doesn't point at the other door
Kent Kettell Advantages and Risks of Leverage
21 August 2024 | 5 replies
@Kent Kettell Leverage in real estate lets you buy more property with less cash, amplifying returns if values rise and offering tax benefits like mortgage interest deductions.
Hunter McNeill Management Agreement - "Add Agent as Additional Insured???"
23 August 2024 | 11 replies
One of the policies we saw had the breed exclusion that said something like... the breed exclusion applies if the dog breed is declared a dangerous breed in that city, state, etc or any surrounding municipality.Literally the city next to the one in question has a dog breed ban that they don't really enforce but as far as I'm concerned would open the door to a dog bite liability claim being denied.
Piper Pepperidge Not use buyers agent
24 August 2024 | 12 replies
In the Reno Tahoe area there are 2-3000 agents so it's up to us to provide value beyond opening doors.  
Cameron Stahl Thoughts on this 4-plex deal?
22 August 2024 | 1 reply
Cameron,First $300K for a 4 unit is a great price but $700 even $800 a door is really low for rents. 
Peter Firehock Springfield Virginia (Washington D.C. Suburb) Buy and Hold Thesis
22 August 2024 | 10 replies
It's off campus housing being developed by a private company called Rise