
25 August 2024 | 8 replies
Just wondering what are some of you total no go's after you receive the inspection report back on a turn key property you have an accepted offer for?

22 August 2024 | 9 replies
VRBO host "service" is closed.

25 August 2024 | 7 replies
Even with a judgment, there's unlikely to be anything of value to go after.

22 August 2024 | 7 replies
Many people want to get rid of those properties after they've used them "one more time".I sense that a lot of your hesitation is over the loss of cash flow until busy season.

24 August 2024 | 6 replies
We are self financing all of the repairs and have completed 2 units after 8 months.

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.

22 August 2024 | 53 replies
The resources/websites/services are not mature enough to get information as easily as in the States.I couldn't find a section on BP that is dedicated to Canada and a lot of resources and discussions are specific to the States.

22 August 2024 | 5 replies
I think the house would be considered a primary after that.

25 August 2024 | 5 replies
They are some of the more sought after homes, and it can be tough to get a good deal if you aren't well positioned.

22 August 2024 | 29 replies
We want to accommodate this easily.Promoting the furnished rental on various sites, including nurse staffingsites, the MLS, FurnishedFinders, and others.Cost-effective local management to ensure that service issues are handled quickly and efficiently.