A few extra ways to increase your NOI! :)

[Kyle Curtin]

When you are out and about looking for properties, always look for those "hidden" value add potentials to be able to juice your NOI (net operating income) in addition to rents!

Some of the potential areas for value add include:

🔒 Creating basic individual storage lockers/cages for extra space to rent for each unit. (I have seen these many times just made of plywood, chicken wire, and a lock!)

🪙 Installing a coin op washer/dryer set up in a basement/common area if applicable.

🚙 Renting out extra parking spots/garage bays if applicable.

There are many ways to be able to increase your net operating income in your properties, try to monetize any extra space that you have 😁!

Have a kickass Wednesday guys!

-Kyle

#Worcester #Lowell #Boston #Leominster #Gardner #Fitchburg

[Nick Riccio]

@Kyle Curtin awesome share, man! 

I’ve done 2/3 of these and they have worked out great. At one of my properties, we rent out parking spaces to non-tenants for additional income, and we built storage in the basement.

Your spot-on with the storage units - they are incredibly easy/cheap to build and a great value add.