30 August 2024 | 70 replies
So in other words, 99.96% of the people you are targeting are NOT motivated sellers.But "you can learn anything for free" right?

25 August 2024 | 21 replies
Seems like it would solve the problem and the turnarounds would be easier.

23 August 2024 | 5 replies
This includes analyzing the performance of various channels and adjusting my messaging to better resonate with my target audience.

23 August 2024 | 3 replies
The upside is I can manage the renovation much easier, and for my first reno, it will be much easier to have a local property.

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.

23 August 2024 | 11 replies
If a personal injury occurs for whatever reason, you (the property manager) are almost always the first target, in place of the owner.

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.