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 Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Small Multifamily Properties Equals Big Profits: BiggerPockets Investor's Corner | REALTOR.com® Blogshttp://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/#comment-98490 Small Multifamily Properties Equals Big Profits: BiggerPockets Investor's Corner | REALTOR.com® Blogs Wed, 02 Nov 2011 16:01:10 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-98490 [...] They are often managed by less sophisticated investors who are scared to raise rents, fearing that their tenants will move out. This provides more opportunities for hands-on owners to achieve management improvements and value creation. [...] [...] They are often managed by less sophisticated investors who are scared to raise rents, fearing that their tenants will move out. This provides more opportunities for hands-on owners to achieve management improvements and value creation. [...]

]]> By: Jim Allenhttp://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/#comment-77137 Jim Allen Tue, 12 Jan 2010 12:49:12 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-77137 All Real Estate has 6 degrees of seperation. Rental properties and Business properties and Single Family Homes share the same Doctor. All Real Estate has 6 degrees of seperation. Rental properties and Business properties and Single Family Homes share the same Doctor.

]]> By: Donald G. Arsenault, CCIM, RECShttp://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/#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 Walkerhttp://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/#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 Guyhttp://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/#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 Homeshttp://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/#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: Top 5 Ways to Increase the Value of Your Apartment Building | extensiveproperty.comhttp://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/#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 Dorkinhttp://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/#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.

]]> By: paint color enthusiasthttp://www.biggerpockets.com/renewsblog/2008/11/25/top-5-ways-to-increase-the-value-of-your-apartment-building/#comment-61675 paint color enthusiast Tue, 25 Nov 2008 23:55:14 +0000 http://www.biggerpockets.com/renewsblog/?p=2489#comment-61675 Just be sure that you use quality paints when you are rennovating your apartment Just be sure that you use quality paints when you are rennovating your apartment

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