
8 March 2017 | 6 replies
Here is what I have so far: Add wash and dryer unitsStainless steel appliancesUpdate light fixturesNew hardware for bathroom (cabinet, sink, shower)New hardware for kitchen (cabinets, sink)Build a fence around ground floor patio Build carportsRUBs programCharge for garbage pick-upAmenities based on demographic (soccer field, BBQ pit, etc.)Adding an extra roomFor other multifamily investors out there, what are some ways you've added value to an apartment to raise rents?

10 March 2017 | 6 replies
Water bill for the month is $100.Unit 1: ($100 * 1/2) * (2 tenants / 5 tenants) + ($100 * 1/2) * (1000 sqft / 1500 sqft) = $63.33Unit 2: ($100 * 1/2) * (3 tenants / 5 tenants) + ($100 * 1/2) * (500 sqft / 1500 sqft) = $36.67This third method is much more complex to do, but a simple Excel spreadsheet can help alleviate the headache of doing this monthly.There are other ones you can do, like bathroom total ratios, dishwasher vs no dishwasher / washing machine vs no washing machine if the units differ.In the end, you recoup the full cost of the utility bills and bill it as rent + Utility usage (variable) (Check with local landlord laws to determine if you are able to do this).

7 March 2017 | 0 replies
It'll wash my hands of drama and make a quick $2.

8 March 2017 | 5 replies
It'll wash my hands of drama and make a quick $2.
10 March 2017 | 4 replies
Building also has common coin laundry in the basement for a little bit of extra income though he didn't specify how much it produces.He is currently updating one of the units before the next tenant moves in and said all of the units are in good condition but the cottage will need siding and windows for sure and maybe some other additional work to update in the near future or when the tenant(of 7 years) moves out.

11 March 2017 | 10 replies
I always paint or white wash depending on the color.

10 March 2017 | 9 replies
Currently, there are pay-machines for laundry in the basement.I am wondering if it would be a better decision to do stackable units in the apartments?

17 March 2017 | 10 replies
Hiring an attorney to recover $10k ends up being a wash in a lot of situations.

17 March 2017 | 18 replies
When the owner retired, I had to find a new PM because the one he sold out to was a big firm and they wanted to charge 12% and had a laundry list of fees.

8 February 2017 | 8 replies
I'm sure they'll give you a laundry list of items.