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25 August 2024 | 10 replies
They literally go out of their way to find the smallest chips, screw holes, stains, paint splash, paint bubble, ANYTHING.
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24 August 2024 | 2 replies
Painting the walls to remove dust, dirt and nicotine marks.
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28 August 2024 | 74 replies
I'm out a months rent, any might have to paint.
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25 August 2024 | 5 replies
You could easily find a light flip (carpet & paint) that also has the potential for a basement kitchen addition.
24 August 2024 | 6 replies
I have already got paid by the insurance .now it comes to signing the contract with this restoration company ( the same company that dry the house ) , and their contract was very basic .. it didn’t list in detail of what they were going to do .. for example 1.initial material ___$upfront 2.drywall / paint _____ $upon completion 3.Cabinet completion _____ $upon completion 4.Flooring _____ $ upon completion 5.
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24 August 2024 | 1 reply
If there's any data that you would like me to provide on top of this to paint a clearer picture please leave a comment and let me know.
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19 August 2024 | 3 replies
I’ve been going back and forth about paint options, and have been thinking about going with Sherwin Williams emerald outdoor paint.
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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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23 August 2024 | 7 replies
Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitted/paid for, lead based paint fees/apps and required work, HVAC certs every year and proof utilities (water/sewer) as paid, and general compliance matters?
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26 August 2024 | 14 replies
Maybe a finding property that's move in ready or needs some light renovation work (paint, flooring).