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22 August 2024 | 1 reply
I’m here to connect, learn, and share insights with others who are as passionate about real estate as I am.
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25 August 2024 | 10 replies
So far so good but let's see if any of these other points are as close as they appear..NAR rules: good or bad for consumers?
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22 August 2024 | 11 replies
Looking into the Lake Geneva (Wisconsin) area for a STR/AirBnB property.
21 August 2024 | 182 replies
So Brown nationalists are a-ok?
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23 August 2024 | 8 replies
Additionally you are released from any restrictions for occupancy after one year.So example I buy a property near the smokey in tennesses right I go up in that area every year for one week I would still have the keep the property still vacant for six months or can I have it up on the OTAS till the week I go ?
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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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17 August 2024 | 6 replies
What are the best areas in or around Austin for house hacking (either duplex or single-family houses under $700k)?
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23 August 2024 | 11 replies
There are a few different options available.
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23 August 2024 | 1 reply
This particular area in our market doesn't have cheaper 3 bedroom 2 bathroom homes so there's a nice sweet spot in the market.