@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.  

Yet, I received terms 2 weeks ago, and CTC this week.Rate: 8.125%Processing Fee: $995Closing Fee: $1,360Origination Fee: 2.650% Admin Processing Fee: $995Is this bad considering it's a small cash out: ~60k?

I'm a slow and steady wins the race investor that has little by little bought single family rentals (combo of long term, mid term, and short term). 

How do you ensure that both the referrer and the client benefit from the program?

STR regulations are a big consideration before you make any big capital improvements specifically for short term stays, also running your numbers and making sure that your area offers consistent returns above what you'd get renting it long-term.

You will have the same benefits. 

I guess the owner would have to weight the cost vs benefit.

I want to know if there is a point where the cost start to outweigh the benefits and if I should just look away from this study all together when it comes to the houses I would be buying. 

We have a short term lease agreement for 6 weeks. 

Hey BP community,We just bought our first property that we plan to use for short term rentals.