James McGovern
Is the Only Way to Negotiate a Lower Price with Builders...
25 August 2024 | 10 replies
Is the Only Way to Negotiate a Lower Price with Builders is to have a pain in the butt inspector find a laundry list of problems and meaningless in the grand scheme defects to compel them to cut their numbers to move to acceptance and closing?
Andrew S.
20 gal vs 40 gal water heaters for 1 bed
23 August 2024 | 3 replies
Rental is a 1 bedroom without laundry.
Robert Rixer
Creative Ways to Boost NOI
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.
Abram Edawrd Inman
I need help to get a renter!!!!
24 August 2024 | 5 replies
Should have a GFCI outlet for the laundry.
Fred Adadjo
Rehab financing with partner(s)
20 August 2024 | 2 replies
., off-street parking, on-site laundry, garage, etc).The ultimate plan is to BRRRR, and I'm able to secure verbal agreement from a couple of relatives and friends for financing.
Steven Westlake
Event hall as a rental ????
20 August 2024 | 64 replies
Your post, @Steven Westlake, reminds me of others here asking about car washes and self-storage facilities.
Jada Lazenby
Greetings from Los Angeles
20 August 2024 | 13 replies
My new goals I would love to own a laundry mat and/or a parking lot to make more passive income.
Ben Stout
HUD Home/Plumbing doesn't hold pressure
18 August 2024 | 11 replies
I'm pretty sure it was because when you turned on one of the hose bibs, water came gushing into the laundry room.
Dalton Smith
Ask a General Contractor (me) anything!
25 August 2024 | 61 replies
Use your gut too, if they say they’ve done big jobs and have a ton of experience but need an advance or just look like they washed up off the curb.
Trey Schwilling
New to real estate investing, contemplating carwash/storage property.
18 August 2024 | 3 replies
@Trey Schwilling are the car wash and self storage numbers reversed?