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25 August 2024 | 12 replies
If my contractor has a favorite supplier or know where to get good prices I am happy to go with that.
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24 August 2024 | 1 reply
Will the market continue to slightly favorite seller's in Montgomery?
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27 August 2024 | 13 replies
One of my favorite after-the-fact client questions is - did I mention to you that I had a partner on this property?
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24 August 2024 | 12 replies
My favorite inspector is not the agents favorite at all.
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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.
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24 August 2024 | 4 replies
Hector:My favorite (hated) topic.
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22 August 2024 | 4 replies
Hello, I have heard there are 100% LTC and 100% rehab lenders for seasoned operators. Curious to see if anyone on here has had any luck finding one? Thanks!
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23 August 2024 | 14 replies
Oakland is not my favorite place to visit... lol.
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22 August 2024 | 6 replies
But my favorites are MI and IN, because there is decent supply, they are reasonably easy to work in, and I already have good teams established there.
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23 August 2024 | 11 replies
I recently made a post about my favorite house hacking strategy which is to find a house that has a basement entrance or one that has some sort of side or garage entrance that opens up to the basement stairs and turn that into a basement entrance.