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27 August 2024 | 22 replies
Once the get all your info they can turn a PoF on deals for you real quick which is nice.
26 August 2024 | 13 replies
It offers immediate cash flow and diversification across different real estate classes and markets, freeing you from the headaches of active management.
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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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26 August 2024 | 2 replies
I am really into real estate and I want to start as soon as possible, however I am studying abroad, and I'm constantly travelling.
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21 August 2024 | 8 replies
In my free time, I am working to finish the coursework to get my RE license.
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26 August 2024 | 3 replies
Does that just increase your hold time, so decreases real estate activity?
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21 August 2024 | 4 replies
Get your real estate agent license, of course.
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26 August 2024 | 8 replies
Happy to connect and assist you in your real estate investing journey.Happy to connect if you are interested to expand your portfolio@Albert Bui @Carlos Valencia
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26 August 2024 | 0 replies
I was just thinking about how busy the real estate world can get, so I wanted to take a moment to check in.
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27 August 2024 | 12 replies
The real work does come in with driving around like you mentioned, maybe being creative and showing properties they may not have thought of, and articulating different ways to offer on a property, just to name a few items.