All Forum Posts by: James Derry

I have seen a couple ideas that come to mind.  
Some colleagues of mine have negotiated a deal with their local plumber/ hvac. That pay a maintenance plan monthly and covers all their visits day or night.

 What does your lease state? If a response time is not defined in your terms then you may want to add some language in to set expectations for you and your tenants.  Your main goal for quick service is to keep your tenant happy.  If they are expecting work in 24-48 hours and get service in 24 hours then you are doing well and don't need your emergency call at night.  There may also be a way to get a call center to troubleshoot or diagnose problems on the phone, this may help unnecessary and costly visits. 

@Troy Gandee, thanks for letting me know. I just filled it out. I see so many FB groups about REI and 90% of the time I just delete them because of all the spam noise.

I would reach out to you internet service provider.  Some offer landlord WiFi packages. I am unsure what their minimum door count is though.  
To summarize, I helped build a 110 unit building and the developer received incentive to have spectrum installed in their units. It included door fees, a "house" account and reduced rates on all their units.  The owner paid 50%+ for all the internet/tv and the tenants had it included in the rent. The owners were also able to discount the internet for the tenants to make it more enticing of an option.  
Rough numbers below:

Normal internet rate in the area was $75. Internet and TV package was $180. The ISP offered the Internet/TV package to them for $40/mo.  Ownership included the package 90/mo.  The other benefit to this was that the ISP dealt with the account setup and equipment rentals.  All the calls and complaints still went through to their company and not the property managers.  
This was all negotiated and the ISP will complete an analysis for each situation so this deal may not be repeated for multiple properties.  

**one con is that you pay no matter what the occupancy is.  (Vacant units still get charged once this starts. )

Hello everyone, I am currently negotiating some land about 30 minutes outside of Charleston.  I feel this would be a great spot for a mix of 2-4 plexes. I have plenty of experience managing developments but don't have access to the capital.  I was wondering if anyone out there has interest in learning more about this potential opportunity.  I would love a chance to speak with someone to verify numbers, gain valuable insight from you,  and see if this grows legs. 

Spinning off of this a bit. I have a close friend that provides and installs golfing simulators. Do you think that would be a viable amenity in an STR? I think the price of them could be too high to allow for a positive ROI, any thoughts?

You peeked my interest as well.  

There is nothing wrong with have the home so close.  There seems to be a demand for you. And there are a lot of benefits by having properties, especially STRs, next to each other. Such as cleaning and maintenance.  You know the market and the contractors too. 

We had used "The best closings". They were amazing.  Reach out if you'd like the contact info. 

Welcome Tiffany! I was just looking into property in Macon. I think that's in your neck of the woods. 

I feel that is a traditional way of thinking.  I don't think it should be a significant change in price, but there are units more marketable than others.  If t would also depend on the neighborhood. For example, Some first floor units have a feel of a security risk. Or they could be more convenient due to less stairs.  Some 3rd floor or second floor units would have less desire from more stairs, or maybe it is more marketable due to a better view or it's the top floor and you do t hear foot steps above you.   
The bottom line is if its more appealing then its worth more.  You will still get the price gouges, but pricing it higher is part of the business.