Denayer Burns
Additional Streams of Income
3 June 2017 | 29 replies
Eh...not to say this is a bad idea, but in my opinion, I think its more effective to just focus on the core concept of the business, the actual lease of the property to generate good profits rather than trying to nickel and dime tenants into more profits.Obviously, items like laundry services and perhaps vending machines might work well and make since in a multifamily setting, but I think offering to wide of a selection of add-ons cause an over complexity to a business that often runs smoothest when kept simple.In a large, class A facility, there are probably lots of avenues for setting up additional revenue streams and services, much of what can be outsourced, but for attempting to confuse a lease with different services and add on costs can often become a headache to manage on top of the tenants.At the very least, instead of offering additional services, I would simply partner with local businesses who might allow you to profit from discount, bulk pricing which you can then up charge to tenants.
Adam Dorn
Just wondering everybody's education/background?
12 September 2017 | 198 replies
-BSEE from UT-Austin-MBA from TCU (Lockheed Martin paid for it....every cent)-2 years training in real estate from specialized niche training program (worth every cent)-10 years in corporate world (transportation industry, designed fighter pilots control systems, designed automated test equipment, tested computer software)-10 years of real estate experience now (SFRs, multi-family, fix/flip, new construction, small development, ran coaching program for almost 2 years)Finance coursework has proved very useful as has the MBA training.
Joe Cummings
Hey Millhouse, You Want a Job in My Factory?
12 April 2015 | 23 replies
Buying it for what the new roof and dry sprinkler system are worth, Maybe not even that much, everything else is a plus, and the taxes are low.I want it to store and repair my equipment, and the rest for warehousing.
Rick T.
Looking for advise on how to subdivide 2840 sq ft space
17 October 2018 | 1 reply
With new metering equipment, one can attach a meter to count the flow from the water supply valve the point of entry into the unit itself.
Jim Brown
Options for my S401K
18 January 2016 | 11 replies
Heck if you want to purchase heavy equipment for construction, and lease that to someone developing land, you could do that too.
Elizabeth Garcia
New Member from Cali
5 January 2016 | 12 replies
Domestic hot water, and; Electricity adequate for lighting and any mechanical equipment within the home.
John R.
First Deal (sorry for the length)
28 July 2015 | 5 replies
I know lots about construction, electrical, mechanical, and operating heavy equipment.
Jeff Alwine
Is it possible to self-manage from “a distance”?
17 April 2020 | 54 replies
Once you learn the business you are better equipped to deal with different situations that come up.
Jennine Booth
Purchasing land with all the utilities available
9 October 2023 | 10 replies
Hello, I am trying to find ways that I can purchase land for an RV campground and convince a lender that this is an excellent idea. there are so many ways to monetize it. for instance: Rv storage, personal belongings storage units, boondocking, full/partial hookups, laundry, showers, bathrooms, RV wash stations, monthly clubhouse fees with gym equipment swimming and party pavilion access, camp store. etc what are some platforms/avenues i can take to raise say idk 375k and maybe a little extra for start up cost?
Lawrence Gillett
How do you value a cash flow negative business?
4 May 2020 | 18 replies
Franchise rights, equipment, inventory, customer base and location all have value.