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5 February 2019 | 28 replies
We have done the following things to increase the cash flow - adding a laundry room, charging storage rent, installing energy-efficient lights and so on to cut the utility cost, renovating the unit in exchange of higher rent for the current resident.What else could I do to increase the NOI?
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15 February 2019 | 11 replies
That includes light fixtures, mirrors, windows, etc.
8 February 2019 | 6 replies
I have blinds on the windows, my outside lights are angled opposite her direction, the fire pit was strategically placed so that smoke does not blow her way, etc.
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25 February 2019 | 13 replies
@Russell Brazil While I haven’t figured out the growth percentage in my area, I can tell you that my town of Bayonne, NJ (where I plan to invest) is 12 miles away from New York City, there are 3 light rail stations, we have a Walmart, we have a new Costco opening this Spring and there are numerous new high end condominium complexes being built around town.
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24 February 2019 | 9 replies
Also put in some nice recessed interior lighting as well as exterior lighting, both a security and cosmetic improvement.New fence (there was nothing previously)Screen Shot 2017-12-15 at 6.50.20 AMMy new secure, patio sliding door - an earlier security weak pointScreen Shot 2017-12-15 at 6.50.05 AMThe plus side (if there was such a thing) to Harvey is that I was able to get the other two bedrooms rented out as coworkers had become homeless (their apartments had flooded).
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23 February 2019 | 3 replies
We painted the interior, added backsplash in kitchen, laminate floor in BR's, changed some light fixtures, and faucets.Contractor solved the surface water that plagued the foundation- added french drains, graded exterior, replaced the rotted gutter system, and new vapor barrier to crawl space.
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8 April 2019 | 23 replies
Our stated criteria (we are intentionally vague since we don't charge screening fees, we prefer a wider applicant pool to choose from):Our Criteria:We do not deny housing for race, color, religion, sex, national origin, handicap, sexual orientation, marital status, or familial status.We do deny housing to individuals: when the application is not complete or accurate where there is not sufficient income/resources to pay rent and live (2x rent)where there is poor prior tenancy: evictions, violations, damage to rental property, poorly handled move outs, amounts are still owing to landlords or utilities.
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31 March 2019 | 25 replies
“The effective premium that tenants pay through late fees is a systematic penalty that the lightly regulated rental market inflicts on those who are economically fragile, not dissimilar from the interest rate penalties that subprime lenders inflict on those with previous credit challenges.”I love this.
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30 March 2019 | 8 replies
Example can lights or a remodeled bathroom.The issue is the house was remodeled like 5 years ago by a flipper and possibly has been remodeled several times.
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8 April 2019 | 1 reply
So they set all of the gold cars they saw in the parking lot on fire.No caption necessary for this toilet from hell.This is what a kitchen can look like when a low income tenant moves out of it.This is what a backyard can look like when a low income tenant moves out of it.If tenants in these tough neighborhoods don't have yards, don't worry they will light off their fourth of July fireworks in their bathrooms.Don't worry though.