@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.  

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

If it works as a traditional rental, everything else is gravy on top.Those aren't the numbers that matter:Property ValueCash in (DP)Mortgage payment and term in yearsrentmonthly expenses 

I am a local real estate investor with experience and a contracting network and I wouldn't take this deal on unless there are details that you are not sharing that makes the deal better than it sounds by your post. 

The DC area is one of the lowest cap rate markets in the country.In MoCo you'll generally need a 40-45% down payment currently to have your rent cover your PITI on a standard long term rental.

The returns I've seen as far as cash flow are decent, but what attracted me are the typical long term leases with rent escalations every year.

Would I be able to do a 1031 if I’m buying a primary property with an ADU that I would use as a short term rental?

Platforms like PropStream, REI Reply, and DealMachine can help with property data and lead generation.Digital Contracts and E-signatures: Make use of digital contract platforms like DocuSign or Dotloop to handle agreements virtually without needing to meet in person.4.

Hey everyone- a friend of mine is looking for feedback/beta users for a tool that calculates the long term cost of any property you're evaluating in minutes. 

Quote from @Tiffany Kho: Hi everyone,I manage 2 Airbnb's (one in Orlando and one in San Diego) but now I'm interested in buying a condo in Waikiki located in their resort zone which allows short-term rentals in Oahu.