Zac Lindquist
Funishing Costs to Mid-Term Rent in Columbus, OH
24 August 2024 | 9 replies
I’d study competing units to see what they offer and think about a style and amenities that will make you competitive.
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.
Victor Genel
Not totally new, just Renewed purpose
24 August 2024 | 9 replies
It sounds like you follow the teachings of Chad Carson's book, The Small and Mighty Real Estate Investor.
James McGovern
What Listing Agents are most likely to have a large database of buyers?
24 August 2024 | 7 replies
Not sure how much that tells you, but might be better than nothing. also depends on the type of property if its a rental being sold then ya most realtors will have a good list of folks looking for a rental with teh right numbers if its owner occ this simply is not remotely possible unless its a certain school district or certain style of home..
Andrew Carlson
My tenant might be a prostitute
26 August 2024 | 73 replies
If it tends to be for a pretty set time frame it may be more of a tutoring/teaching type of situation.I tend to stay out of my tenants' business unless it involves safety of the neighbors or some kind of major crime, so yes, drug dealing would fall into that but most lower level dealers will have more than 1 customer and many high level ones who might only have one visitor are not as likely to have them daily.
Dalton Smith
Ask a General Contractor (me) anything!
25 August 2024 | 61 replies
I only hav experience flipping a few houses Almost all of them have been taken to the studs and I’ve been very hands-on with my gc and he has been trying to teach me here and there.
Luis Lozada
Where to look for my first Rental investment
23 August 2024 | 11 replies
I am a systems engineer with very little real estate knowledge, but I enjoy the learning process and have been able to teach some close friends and family.
Ken Livingston
Anyone worked with Ohio Elite PM company?
22 August 2024 | 20 replies
I have been considering switching (currently using ERA) and not really a fan of their property management style.
Michael Morrongiello
Need Solution to KEEP someone IN their House + Plus GET CASH to settle obligations
23 August 2024 | 11 replies
The BIG issue is the EX-Wife who wishes to maintain a life style she clearly cannot afford and wants to STAY in the home with the Children BUT cannot AFFORD to make the payments on such DEBT that would allow for that (thus her need for $300K +/- in extra proceeds that would in essence be used to make those payments for the 3 years)Sadly yes there are consequences when families break up, separation's and marital divorce happens.
Heather Armoogam
Is the CTREIA coaching program worth the money?
21 August 2024 | 17 replies
Hi Heather, I just completed their coaching program (virtually due to COVID), and I found the instructors Mark and Ron genuinely love to teach real estate and give you a lot of course information as well to review besides the classroom instruction.