Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
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.  
Michael Shea ADU Friendly Cities in San Diego
26 August 2024 | 13 replies
However, nearly 20% of households are now multigenerational, and 73% of buyers are non-investors.7-8) However, from an accounting perspective, there is no profit until the initial negative position can be recovered....Then add in that the ADU is getting financed at home purchase terms, someone else has done the work, ADU income will start month 1.Fully agree that lack of leverage is a huge issue.
Emory Clayton Should I rent to this tenant?
22 August 2024 | 9 replies
So you just need to decide if you want to run a 6 month rental where you provide utilities & appliances and maybe furniture, and if you do then what you want to charge for that service. 
Matt Greenfield Rewiring a cigarette smoke-filled home: Demo to the studs?
22 August 2024 | 4 replies
What about insulation, trim, appliances, the wood floor, etc?
Malik Javed Cost Segregation - The Basics
22 August 2024 | 1 reply
For example, certain electrical outlets that are dedicated to equipment such as appliances or computers should be depreciated over 5 years.Benefits of Residential Cost Segregation Although the cost segregation process may appear complex, the benefits of conducting a cost segregation study on residential rental property are both practical and significant.
Tom Albares Sold short term rental condo in Tucson
22 August 2024 | 0 replies
Remodeled kitchen, painted cabinets, new granite countertops, new stainless steel appliances.
Theresa Holl What will that property cost you?
21 August 2024 | 8 replies
For example, if the investor knows the H2O heater, roof, appliances, or HVAC unit are of different life expectancy than the average the program defaults to, we will have the future ability to enter the investor’s expectancy.
John Jacobs Private Money Lending Question
20 August 2024 | 16 replies
., personal, family, or household purposes), which puts this loan squarely in the consumer loan category.
Shannon Reynolds Fraud or no?
25 August 2024 | 57 replies
I liked the way they could swap an appliance at my cost, but most things you're paying for convenience and anonymity.
Gaurav Vedi How to create LLC/Scorp structure for Rental properties
21 August 2024 | 7 replies
Also responsible for other expenses such as lawn maintenance, repairs, replacement of appliances etc on behalf of rental LLCs (A, B,C). 4) Y will charge monthly operating fee of 10% from each LLCs (A, B and C).5) LLCs (A, B, C) will NOT have separate bank accounts.