
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.

27 August 2024 | 43 replies
Saw someone voted for my post and realized it was 5 years old.As an update, 100% hard money loans are real.

24 August 2024 | 23 replies
This reduces the time it takes for the funds to clear the Client Trust Account and for this reason, the only usually gets their money as regularly scheduled.

23 August 2024 | 181 replies
Everything I have said has been to protect anyone who thinks this behavior is regular.

23 August 2024 | 1 reply
Submetering seems reasonable, as the price isn't too terrible, but then I'd have to have the property manager bill them regularly, and at the end of the day, if they do not pay it, then I am still overall responsible for paying it.

23 August 2024 | 17 replies
@wayne brooksthere is 3 states - New Jersey being one of them - that you need to show "just cause" for evictingUPDATE: spoke with lawyer - he is on itI will try to update you with progress

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.

23 August 2024 | 10 replies
As an LP in syndications your work is very minimal (review the deal up front, read quarterly update).

24 August 2024 | 55 replies
Join that and you will get all of the updates.

19 August 2024 | 0 replies
It’s August and time for another Las Vegas update.