All Forum Posts by: Alex Ramirez

I have a 9 unit for sale in Liberty, TX. Investor Special. Let me know if you are interested

@Oladimeji Sonibare, main ways to add value are as follows:

#1 Increase the Rent. Call some apartment complexes around and ask how much they rent the units for. If you could go see the units that will be great so you know what level of rehab you need to achieve these values.

#2 Increase Occupancy: Fill out the vacant units by remodeling or/and doing tons of marketing. 

#3 Charge tenants for utilities if you are not already doing so. If there is only a single meter for all the units look into RUBS. Make sure to include pest control and trash collection if applicable

#4 Add amenities that could give you more cash per month (i.e. vending machines, laundry room, storage)

#5 Minimize your expenses. i.e. If you pay for a portion of the electricity bill, make sure you switch to LED lighting, this will cut your light bill by a lot. The same with water, install water efficient toilets, etc.

#6 if your property is less than 20 Units, manage yourself. Use RentRedi or Cozy, these are great for small multifamily and it is really easy.

It is all about getting creative and come up with ideas of increasing income and reducing expense. Please free to IM me if you have any further questions

Best of Luck!

Hi @Miguel Diaz. You can get these types of list on the web as well. I recommend https://www.listsource.com/. Set up your criteria and get a list. It will cost you but It is very reasonable. Good Luck!

I will say this:

#1 Priority. Add another room. Why? Because your house will now compare to houses being sold with one more room. This by far will add more equity than anything else

#2 remodel the kitchen. Kitchen is the second most important thing in a house people look at

#3 remodel Bathrooms. 

I recently turned a 2b1b to a 4b2b and I added a lot of equity to it. In fact, the ARV was so much higher that at closing the title company had to pay me back instead of me Bringing money to the closing table.

Let me know if you need some help.

You can list it on fb, Craigslist, etc or simply put a FSBO outside of your condo. If you want top dollar you will need a realtor. Let me know if you need some help

I don’t believe BP offers skip tracing. You can pay someone to do it for you. I’ve had people done it for me through Upwork.com. If you cannot afford it, I recommend truepeoplesearch.com. It’s like 60-70% accurate and it’s FREE!. Best of luck to you!

Print off some flyers and drop them off at your church, gas station, grocery store. Talk to smalL companies and tell them you want to partner with them to provide housing for their employees. Offer a promotion. Also if you have more tenants, run a promotion of “pick your neighbor” you can offer a $100 referral Fee if they refer someone and ends up being a tenancy. Facebook has worked for me. Lots of unqualified people but some of them have qualified and have rented some of my apartments. Best of luck to you! 

What kind of property is this? I would recommend self managing. I am self Managing a 12 plex and it is a C class property. It wasn’t pretty when we started (had to evict a tenant) but we have full control of our property. We use rentredi and it works great! Reach out if you have any questions

@Ryan A Shumaker try the syndicator deal

Analyzer (SDA) by Michael Blank. It’s really cheap and worth every single penny. It even comes with training videos

Hi @Jonathan Stevens you don't have to re-invent the wheel when someone has already spent days, maybe months developing this. I personally use the SDA from Michael Blank. It actually comes with training videos. Price is very reasonable. Good Luck to you!