Comments on: Top 5 Ways to Increase the Value of Your Apartment Building http://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/ Learn, Network, Invest Mon, 23 Nov 2009 00:43:41 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Donald G. Arsenault, CCIM, RECS http://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/comment-page-1/#comment-72784 Donald G. Arsenault, CCIM, RECS Mon, 28 Sep 2009 15:27:07 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-72784 I belive that reducing expenses is one of the best way to increase Net Operating Income. Reducing expenses affects the bottom line dollar for dollar so you get the biggest bang for your investment. One of the best ways to decrease expenses is to find a way to bill back expenses to the tenants. I have replumbed my building and installed individual water meters. Now, each resident pays their pro-rata share of the water and sewer bill. Additionally, they also pay the garbage bill based on the size of their apartment unit. I also charge a $10/month meter reading/collection fee. These charges bring in over $2,000 per month. Even at a 10% cap rate, that has increased the value of my 31 unit building by $240,000. I belive that reducing expenses is one of the best way to increase Net Operating Income. Reducing expenses affects the bottom line dollar for dollar so you get the biggest bang for your investment. One of the best ways to decrease expenses is to find a way to bill back expenses to the tenants. I have replumbed my building and installed individual water meters. Now, each resident pays their pro-rata share of the water and sewer bill. Additionally, they also pay the garbage bill based on the size of their apartment unit. I also charge a $10/month meter reading/collection fee. These charges bring in over $2,000 per month. Even at a 10% cap rate, that has increased the value of my 31 unit building by $240,000.

]]> By: John Walker http://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/comment-page-1/#comment-66083 John Walker Sat, 06 Jun 2009 14:27:07 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-66083 It always helps a residential real estate agent like myself to keep up on the happenings of property management. I liked this article about apartment management and how to avoid vacancies and increase value. <abbr><em>Charlotte Real Estate’s last blog post: <a href="http://www.southeastcharlottehomes.com/Blog/FHA-Adds-Down-Payment-Options-to-8000-Credit" rel="nofollow">FHA Adds Down-Payment Options to $8000 Credit</a></em></abbr> It always helps a residential real estate agent like myself to keep up on the happenings of property management. I liked this article about apartment management and how to avoid vacancies and increase value.

Charlotte Real Estate’s last blog post: FHA Adds Down-Payment Options to $8000 Credit

]]> By: Energy Guy http://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/comment-page-1/#comment-63710 Energy Guy Sun, 08 Feb 2009 17:13:35 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-63710 An ENERGY STAR audit for mulit-unit buildings is another great way to increase the value of your property and it will also save you money on utilities year after year. Check the ENERGY STAR website for a list of commercial service partners to find one in your area. An ENERGY STAR audit for mulit-unit buildings is another great way to increase the value of your property and it will also save you money on utilities year after year. Check the ENERGY STAR website for a list of commercial service partners to find one in your area.

]]> By: Charlotte Homes http://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/comment-page-1/#comment-63524 Charlotte Homes Fri, 30 Jan 2009 18:17:12 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-63524 For a real estate agent these are great tips. Thanks alot For a real estate agent these are great tips. Thanks alot

]]> By: nick dalonzo http://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/comment-page-1/#comment-62493 nick dalonzo Sun, 14 Dec 2008 21:35:31 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-62493 I'm looking for someone to buy my 2 school buildings on 3 acres. It was my restaurant and banquet center, now it;s for sale. The town I live in, Wellsville, Ohio, is about to get a huge Coal to Liquid Fuel plant. It's estimated to take 5 yrs to build, with some 4000 construction workers. It has been clasified as one of the biggest jobs on the planet when it starts. Ground breaking is supposed to happen this coming summer. My main building is ideal for a union hall, sleeping quarters, meeting place, etc. All details of the property, and pics, can be seen on my website at www.dalonzos.com. This will make someone very wealthy, please contact me asap, Nick DaLonzo <abbr><em>nick dalonzo’s last blog post: <a href="http://www.dalonzos.com/" rel="nofollow">ROR Sitemap for http://www.dalonzos.com/</a></em></abbr> I’m looking for someone to buy my 2 school buildings on 3 acres. It was my restaurant and banquet center, now it;s for sale. The town I live in, Wellsville, Ohio, is about to get a huge Coal to Liquid Fuel plant. It’s estimated to take 5 yrs to build, with some 4000 construction workers. It has been clasified as one of the biggest jobs on the planet when it starts. Ground breaking is supposed to happen this coming summer. My main building is ideal for a union hall, sleeping quarters, meeting place, etc. All details of the property, and pics, can be seen on my website at http://www.dalonzos.com. This will make someone very wealthy, please contact me asap, Nick DaLonzo

nick dalonzo’s last blog post: ROR Sitemap for http://www.dalonzos.com/

]]> By: Top 5 Ways to Increase the Value of Your Apartment Building | extensiveproperty.com http://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/comment-page-1/#comment-61704 Top 5 Ways to Increase the Value of Your Apartment Building | extensiveproperty.com Wed, 26 Nov 2008 09:13:44 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-61704 [...] Top 5 Ways to Increase the Value of Your Apartment Building [...] [...] Top 5 Ways to Increase the Value of Your Apartment Building [...]

]]> By: Joshua Dorkin http://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/comment-page-1/#comment-61682 Joshua Dorkin Wed, 26 Nov 2008 01:05:15 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-61682 Low quality paint will definitely end up costing you more in the long run. Good call. Low quality paint will definitely end up costing you more in the long run. Good call.

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