Anthony Cangialosi
Getting into our first house hack
22 August 2024 | 10 replies
Except instead of selling the next property, holding it and renting it out.
Scott Bloom
Accurate platform for rental comp pricing
22 August 2024 | 2 replies
I am wondering if this is a reflection of a shift in our rental market or if others out there are finding the data is skewed high on that platform.
Charlice Arnold
Financing for commercial and multi-family properties
23 August 2024 | 4 replies
We recommend reaching out to a broker and obtaining a relationship with them as they can help you understand the nuisances and can make/break a deal.
Gabriel Alfaro
Looking to connect with some investors in Orlando area
22 August 2024 | 1 reply
@Gabriel Alfaro I would suggest you check out CFRI, the local chapter of the National REIA.
Christopher Stanis
Flooring From Alibaba?
22 August 2024 | 5 replies
Has anyone out there ordered bulk flooring from Alibaba?
Gabriel Welch
Burned down property
22 August 2024 | 2 replies
Are there resources or grants out there I can get?
Alex Perez
Hello BiggerPockets! New PRO here
22 August 2024 | 6 replies
Feel free to reach out if you have questions about Ohio Market.
Jerry Callow
Sf Bay Area Bad for Investing?
22 August 2024 | 11 replies
Check out this link for the upcoming California November ballot --> "Justice for Renters Act" Essentially, they're trying to implement rent control state wide.
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.
Brenden Evans
Rental Property Investments
22 August 2024 | 13 replies
Hello, I am a 21 year old real estate investor out of Los Angeles California.