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23 August 2024 | 3 replies
The company offers what they call "attainably priced" apartments, arguing that their rents are lower than market rate.
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22 August 2024 | 1 reply
Before that, it was crazy to see the difference in quality of the methods and reports from their studies.Who you hire to do a cost segregation study really can make a huge difference.
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25 August 2024 | 57 replies
With inflation and rising costs of everything associated with running the business, detail prices have risen to a high level.
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22 August 2024 | 53 replies
The price to rent ratio is super high almost across the country.
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21 August 2024 | 6 replies
Now State Farm is back at the table for September, offering the same policy I had, but cheaper than before!
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21 August 2024 | 18 replies
in 2024 For Medicare Part B (Medical Insurance):The maximum monthly premium for high-income beneficiaries is $594.00.
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24 August 2024 | 11 replies
If you find a bank that offer you an introductory rates like 3% or 4% (usually it is good for 2 to 3 years) that would be good.
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22 August 2024 | 5 replies
I know the prices are high there but as long as rental prices are high too, that's ok with me.
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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
Not a fan of D.C. multi family right now prices are high with rates very hard to cash flow and unless you are playing in the 1.5mil+ you are in at best borderline neighborhood’s & also competing against a ton of newer apartments in most cases.