Melissa Faraias
My rental won't rent. What are my next steps?
29 August 2024 | 43 replies
So as much as I hate for our investor clients to repeatedly lower the rent price, the market is always about price (perceived value) versus the competition.
David Morris
Lender out there.... What software do you use?
23 August 2024 | 3 replies
What do you like about broker plus to go with that versus some of the others ?
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.
AJ Wong
NAR Rules: Less transparency for investors and brokers & what nobody is talking about
25 August 2024 | 10 replies
Although there is the caveat that unrepresented persons in contracts leads to lawsuits at about a 10x factor versus when both parties are represented.
Bob Willis
Private Lending vs Syndication - looking into both
23 August 2024 | 10 replies
And I feel the ideal portfolio can benefit from the diversification of both.First though, I'll add that you're comparing doing private lending (debt deals) directly versus passive syndication (which is typically equity).
Michael Shea
ADU Friendly Cities in San Diego
26 August 2024 | 13 replies
Both adding an ADU and a brrrr are work, but the level of return of an ideal BRRRR is infinite versus a typical single ADU addition in SF zoned area has zero return until it recovers the initial negative position.
Clayton Silva
Hot Topic: Rates don't matter nearly as much as you think they do
26 August 2024 | 24 replies
Price versus value.
Chris Murray
Navigating the 1st steps of REI
23 August 2024 | 14 replies
Find the pros and cons of short-term versus long-term and see where you lie.
David Chance
Selling my rentals - Tax ramifications
21 August 2024 | 18 replies
Not interested in doing a 1031 exchange.With regards to taxes, what are the advantages / disadvantages of selling all of my rentals in 2025 versus one or two at a time per year.
Nolan Ring
Any Hoosiers out there finding success in renovating multifamily? (or anywhere)
21 August 2024 | 2 replies
Other than that, it's a very landlord friendly state, rents are on the low side but price points are perfect for a new investor to get into versus say the west coast or sun belt.