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28 August 2024 | 23 replies
Over the years I've witnessed parties make many unforced errors in this context.
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21 August 2024 | 4 replies
its not legal to pay referral fees to non licensed individuals..
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26 August 2024 | 1 reply
None of these people would need the money back in less than 5 years.
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27 August 2024 | 1 reply
Haven’t bought anything in the last couple of years, but I have a 1031 exchange coming up in the next month that’s gonna force me into this crazy market 🤪 Congratulations on finishing up your rebuild, and always happy to connect 😊
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27 August 2024 | 11 replies
Unless you can come to terms with this individual; eviction might be the only route, and that might be a tricky process with someone who "knows their rights" my buddy recently had an issue with this, and it took him over a year to remove the tenant.
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21 August 2024 | 4 replies
I work with Jeff Breglio who has been working with real estate investors for over 15 years and has seen every type of transaction out there.
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27 August 2024 | 7 replies
I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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25 August 2024 | 57 replies
Property managers are not licensed in Maryland.I don't see any fraud.
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26 August 2024 | 10 replies
Such service would on your behalf appeal the property tax assessment (each year, if you wish), and if a reduction occurs, they take a percentage fee from the appeal to bill you.
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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.