Chris Elliott
Builder's Risk - Dallas, TX
22 August 2024 | 4 replies
Hello all,I have asked my broker to help find a builder's risk policy in Dallas and I'm being told it's "impossible".
Ani Chat
PGE requiring separate metering but CA ADU requirements says otherwise
23 August 2024 | 10 replies
That being said, I believe a CITY is allowed to require a separate meter be installed, as I have read for the City of Oakland (link below).It appears that the Southern California utility is requiring separate meters for all ADUs (link below) though again I don't see how that is legal.
Ankit Rathore
Points buydown vs principal reduction with seller's credit
22 August 2024 | 5 replies
What do you all suggest?
David Morris
Lender out there.... What software do you use?
23 August 2024 | 3 replies
It offers a central hub to keep all your contacts organized and also gives automated features.
Matt Greenfield
Rewiring a cigarette smoke-filled home: Demo to the studs?
22 August 2024 | 4 replies
Does all that need to come out too?
Charlice Arnold
Financing for commercial and multi-family properties
23 August 2024 | 4 replies
An easy way to communicate all this information is to have a package ready.
Reitta Seidel
Fix-and-Flip Market Trends
22 August 2024 | 4 replies
@Reitta Seidel, yes.Maybe sharing some of your thoughts that made you post this question will yield more valuable feedback.In my market, single family homes sell all year round.
Robert Rixer
Creative Ways to Boost NOI
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.
Frank Patalano
So what's holding you back?
19 August 2024 | 3705 replies
They are often educational in nature but also great for networking.
Kumar R.
Should Property Managers offer referral bonuses?
22 August 2024 | 18 replies
This is why I think the best reward for a referral is the promise that you will take care of the client and send them right back to the realtor for all future deals.