
21 August 2024 | 26 replies
The primary question is, since inflation is eating away your money, how do you put it to use and hedge?

22 August 2024 | 3 replies
Will you have a personal guarantor?

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.

21 August 2024 | 9 replies
Due to that small forest type of tress growing in that area including poison ivy plants (I spent lot of money few months back in clearing that area from all the those poison ivy plants and forest of big old trees grown over the years touching the roof and leaning towards building).

23 August 2024 | 11 replies
I don't have personal experience, but I hear Charlotte is the fastest growing and has strong rent rates.

18 August 2024 | 6 replies
Not in a rush to pull the money out.I wouldn't mind renting it out but the wife said no.

24 August 2024 | 5 replies
@Abram Edawrd Inmanhire a PMlower the rentjust because you couldn't get ahold of their employer or landlord doesn't necessarily indicate a red flag. many employers and landlords won't talk to a random person
23 August 2024 | 8 replies
If it's external factors such as they need the money to do a bigger deal, or they're closing down their fund, or they're getting out of RE completely then fine.

23 August 2024 | 54 replies
Does anyone have a tax person they'd recommend?