Vending Machines: A method to "let your money work for you." 

You can add laundry, vending, or other services, bill back utilities that are on a single meter, charge for assigned parking, or convert some of the units to STRs.

The small thing we have done is add a vending machine to the property that does about 800-1000 profit per month.

$ NOI improvement / cap rate = market value addedForced appreciation is great and you control it.1 - raise rents to market value2 - enforce late fees3 - charge application fees4 - supplemental income (laundry, parking, vending)5 - reduce vacancy6 - screen properly to reduce turnover7 - respond quickly to maintenance requests to improve tenant retention8 - clean up landscaping9 - address deferred maintenance10 - rehab units and raise rents 11 - dispute tax assessed value12 - shop insurance, landscaping, garbage, pest control, snow removal, painting, flooring, HVAC, plumbing, electrical...the list goes on13 - ratio bill shared utilities (if the market will bear it)Every $1 improvement in NOI = $10 improvement in value on a 10 cap, for example.  

I am working with a few local gurus in my current city but as i just found this deal tonight i have not had the chance to talk to them about it.My Cost Analysis: Monthly Operating Income Scenario A Number of Units 2 Average Monthly Rent per Unit 1,400.00 Total Rental Income 2,800.00 % Vacancy and Credit Losses 10.00% Total Vacancy Loss 10.00 Other Monthly Income (laundry, vending, parking, etc

Is there an opportunity for other income from coin-laundry, vending, renting storage space, garages, etc.?

I use a black magic markers.....sometimes I miss-spell words or write it in Spanish, even though I don't speak spanish I can usually find a translator....SE Vende 4/2/2 Casa, mal credito....sin credito ok ect...I get better results than the newspaper or the local papers this way.

Even if its adding a vending machine, in a 5 cap market that can add value. 

Also, what additional things can be offered at the facility to increase cash flow (vending machines, fees for using arenas if not a boarder, lessons, etc.)?

:NOTE: Important to keep the date of when these items were receivedFINANCIALS (get from Property Management Company or the Seller):Annual Operating Statements (for past 2 years)Monthly Operating StatementsYear to Date Operating StatementRent Roll for the last 2 yearsLast 3 month's Bank Deposits by the sellerBudget ForecastExisting Loan Documents ** ask if will take AssumptionSecurity Deposit Account StatementUtility DepositsRequest Schedule E if questionable financials, certified by accountant.OPERATING INFORMATION **** Must sort by importance:Management ContractCopy of all Lease Types (all leases delivered at closing)Concessionary RentsLease Expiration ReportUtility Bills (for Water, Sewer, Gas, Electric, CATV, Ethernet, Phone) - for past 2 yearsProperty Tax Bills - for past 2 yearsService Contracts (all currently under contract: trash, exterminating pests, maintenance, laundry, pool, elevator)Advertising ContractsPayroll Register (employment contracts)Operating Manuals (phone, computer, fire system, etc.)Insurance: Policy (premium disclosure)Insurance: Claim History (for past 3 years)Insurance: Carrier Risk AssessmentMiscellaneous Agreement (Vending, Pay Phone, etc)Capital Improvements and Maintenance History (for past 3 years)Incomplete Maintenance Requests (for last 3 month's maintenance requests)Yellow Pages Listing ContractCredit Bureau ContractPet PolicyCommission AgreementsRent.com reviewLEGAL AND PHYSICAL INFORMATION:THIRD PARTY INFORMATIONAppraisalDeedTitle PolicyLast Sale Price/DateTax Assessment: Land/BuildingSurvey (Get the original)Architectural PlanSite PlanInventory of Personal PropertyTools/Supplies InventoryBusiness LicenseZoning CertificationBuilding Code Compliance Letter ** Tell bad news fast to your investors; don't hold off on thisCertificate of Occupancy ** Tell bad news fast to your investors; don't hold off on thisRental Ordinances ** Tell bad news fast to your investors; don't hold off on thisLitigation History ** Tell bad news fast to your investors; don't hold off on thisTenant Estoppels (Optional at Closing) ** Tell bad news fast to your investors; don't hold off on thisBuilding PermitsMARKET INFORMATIONMarket Survey (3 - 5 nearest competitors)Existing Competitive Supply SurveysEnvironment Surveys - Phase I/Phase II, if necessaryEngineering ReportFire System Inspection ReportsElevator Maintenance Report (if applicable)Boiler Inspection ReportHVAC Inspection ReportLead Paint - Inspection reports / tenant waivers / historyMold - Inspection reports / tenant waivers / historyFuture Competitive Supply ForecastPictures - Aerial / GroundArea MapApartment AssociationApartment Guide ListingCopies fo All ADvertising, Brochures, Floor PlansDemographic Reports: Housing, Income, Employment (3 radii - 1 mile, 3 miles, 5 miles distance)Traffic Study and/or Road Improvement PlansNeighborhood Survey: Shopping, Schools, EmployersCrime Report