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Results (10,000+)
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.  
James McGovern What Listing Agents are most likely to have a large database of buyers?
24 August 2024 | 7 replies
Not sure how much that tells you, but might be better than nothing. also depends on the type of property if its a rental being sold then ya most realtors will have a good list of folks looking for a rental with teh right numbers if its owner occ this simply is not remotely possible unless its a certain school district or certain style of home.. 
Marcus Griffin Buy subto sell via wrap question
27 August 2024 | 15 replies
That’s not your style or mine, but a lot of people seem to be in that group.
Ken Livingston Anyone worked with Ohio Elite PM company?
22 August 2024 | 20 replies
I have been considering switching (currently using ERA) and not really a fan of their property management style.
Michael Morrongiello Need Solution to KEEP someone IN their House + Plus GET CASH to settle obligations
23 August 2024 | 11 replies
The BIG issue is the EX-Wife who wishes to maintain a life style she clearly cannot afford and wants to STAY in the home with the Children BUT cannot AFFORD to make the payments on such DEBT that would allow for that (thus her need for $300K +/- in extra proceeds that would in essence be used to make those payments for the 3 years)Sadly yes there are consequences when families break up, separation's and marital divorce happens.
Shannon Reynolds Fraud or no?
25 August 2024 | 57 replies
I was being billed to repair and find replacement covers for 1970s style 4ft flourescent lights in kitchens. 
Emory Clayton Should I rent to this tenant?
22 August 2024 | 9 replies
Appliances has its own head aches ,wear and tear and complaints .Circling back to your case ,your appicants sounds too pushy which is a red flag.They want it for 6 months ,when clearly your ppty is clearly advertised for LTR .They want utilities included and washer and dryer installed.BIG RED FLAG.They are too demanding.You are the Landlord and not them.Donot flex your criteria and property for the applicants.Tomorrow they will come back and say the compressor unit is too loud and must be replaced,cabinets are not shaker style and closes hard while closing and needs to be replaced etc etc.To me this above mentioned applicants are a pass .
Monico Lorenzana Understanding the market
21 August 2024 | 9 replies
@Monico LorenzanaThe types of units that attract long term tenants in multifamily are the townhome style units, and if they have garages, a big bonus.
Ben Freed Building new for STR: Unique property strategy help
22 August 2024 | 9 replies
I have a company that builds unique European-style cabins.
Chris G. Who's Responsible For Water Meter Leaking
20 August 2024 | 4 replies
I don't expect the tenant to be checking their water meter on the backside of the building since it's at an apartment style building so would this fall on the condo association or utility company to refund the tenant?