
23 August 2024 | 54 replies
@Nathan Meeker absolutely agree a good CPA is worth the $$, and was expecting to spend well over 1000 for such services (I spent 1500 last year only to catch a lot of my CPA's mistakes); just sent you a DM, thx

23 August 2024 | 2 replies
Can I ask what rate you ultimately decided on and which of those 3 services was closest to that rate?

23 August 2024 | 29 replies
In our case, we are in a market with lots of young professionals and military (engineers, accountants, service members).

22 August 2024 | 9 replies
VRBO host "service" is closed.

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.

23 August 2024 | 13 replies
@Glenn Cross yes, PMCs handle this type of stuff - if an owner is willing to budget & pay for it.You can also try using TaskRabbit or other services to handle yourself.Just be sure to ask for before & after pics to make sure you don't get scammed.

23 August 2024 | 6 replies
If any of the L-lines are close by and service nearby colleges, I think I'd be more likely to build out that 4th bedroom.

24 August 2024 | 55 replies
They have different tiers of service depending on how hands-on or hands-off you want.

20 August 2024 | 0 replies
Good morning “Upstate” crew,I originally posted this in the wrong thread (I think) so I’m reposting this in the Upstate NY group to better target the Binghamton area. I know Binghamton is considered the southern tier ...

23 August 2024 | 1 reply
Is my services to complex to have an effective marketing message?