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21 August 2024 | 4 replies
Find a partner that lacks what you offer and create a win/win.
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23 August 2024 | 13 replies
I am finding, for this summer at least, that the weeds grow at an alarming pace.
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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.
21 August 2024 | 182 replies
I know it very well, my family has lived through it.
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23 August 2024 | 6 replies
I am thinking about just finding some templates online but not sure if there's a better way to go about it.
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23 August 2024 | 10 replies
I am looking at a few things but recently have looked at Private Lending vs buying into syndication deals.With Private Lending I believe the returns would be better, but the effort would be more (finding the deals, managing the deals, etc).
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23 August 2024 | 1 reply
What challenges are you facing in finding a solid fix-and-flip deal in the Denver area?
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20 August 2024 | 4 replies
Investment Info:Single-family residence fix & flip investment.
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23 August 2024 | 8 replies
That means in the frothy times, it is harder to find deals that meet my criteria, so less money gets deployed.
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23 August 2024 | 2 replies
I find myself short on experience and capital.