Kumar R.
Should Property Managers offer referral bonuses?
22 August 2024 | 18 replies
I am now wondering the efficacy of a referral bonus.
Jim Stoffey
Joint Venture - Is this a Scam?
1 September 2024 | 79 replies
Or Realtors who have great contractor relationships and in this tight market control their inventory.. they get commission coming and going and a profit bonus.... this is what my goals are for my ground partners.. and so who cares what I make or how much fo the deal comes to me for doing NOTHING...
Account Closed
is Renatus the Real Deal or a Scam?
30 August 2024 | 70 replies
It's not part of the "education package", but it's a great bonus if you're fortunate enough to be by a community.
Wai Chan
Providing tenant alternate accommodation when i need to fix the house
26 August 2024 | 23 replies
Then charge her pet fees, pet rent, additional deposit and additional rent for the extra people and demand a 2 year or longer lease.Then you can get them a second room and find a place that allows dogs.Red roof Inn is cheap.Maybe just do a couple nights while the bathroom is being redone and have contractor work around them for the other stuff Tell the contractor you'll give him a bonus if he can work longer days and finish sooner.
Chuck E.
Tenant Complains AC Not Cooling to 68 degrees, Outside Is 114 degrees
26 August 2024 | 44 replies
If it gets to 77 or 78, that's a bonus.
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.
Luis De la Puente
How Do You Keep Your Fix-and-Flip Projects on Track in a Competitive Market?
21 August 2024 | 4 replies
Bonus, get the points from Lowes or HomeDepot.
Taylor Cook
Who manages your books for your rental?
24 August 2024 | 18 replies
A bookkeeping professional will "translate" the PM's data into your master accounting platform each month so all of those transactions are accounted for.This allows you to see how your business(es) as a whole is doing financially in addition to how each property is doing.We actually catch a lot of mistakes doing this for our Clients as an added bonus.
Ken Livingston
Anyone worked with Ohio Elite PM company?
22 August 2024 | 20 replies
ERA is trying to start sending us small referral bonuses but they have not figured out their tracking yet.
Chris Anderson
Selling 2nd position mortgage Portfolio
22 August 2024 | 3 replies
Mainly it was kind of a bonus to us since we sold for significantly more then we valued the portfolio at, and without an agent.