Convolo Capital

No one in your passive income "How to Operate" BootCamp will talk about trash. ? But if you own or operate rental properties, you will have to deal with it. ? Missed pickups. Overflowing dumpsters. Illegal dumping. Bags left right next to the dumpster instead of inside. Tenants treating the parking lot like their personal landfill. ? It never ends. ? And while it might not be a fun topic, trash can become a hidden, compounding expense if you’re not watching carefully or enforcing strict policies. Extra pickups, cleanup costs, tenant complaints, and city fines all add up fast. ? The only way it’s not a problem? If every unit has its own trash can and pays their own bill. Otherwise, expect to need a strict standard and strong enforcement. ? Here are a few things we’ve learned along the way: ? 1?? Enforce a strict trash policy – Fines for dumping or leaving trash outside the dumpster. No exceptions. ? 2?? Porches must stay clean – If trash piles up, warnings and fines follow. ? 3?? Use trail cams – Illegal dumping happens. If you catch a license plate, some county sheriff departments will issue fines. ? 4?? Valet trash service – When managed properly, this can cut down on mess and complaints. ? 5?? Upgrade the tenant base – If trash is a constant issue, screening and leasing strategies may need tightening. ? 6?? Overcommunicate move-in/move-out policies – Make it clear: Residents are responsible for properly disposing of their trash. ? 7?? Check names on boxes – Have managers look at labels to identify which resident left their Amazon haul by the dumpster instead of inside it. ? Trash might not be a fun topic, but if you don’t control it, it will cost you. ? What strategies have worked for your communities??

Had a blast as a guest on THE Jake & Gino podcast. I have listened to them for years. Great dudes that make talking about CRE investing fun.

Sneak Peak at our next apartment investment, arriving this fall 2025! While much of the macro CRE landscape has been barren the past two+ years, our team has still found opportunities to sponsor quality assets for our investors. Credit to Stephen Quesinberry & Jeremy Thomason for staying in the pursuit despite obvious market headwinds & capital stack hurdles!

Alex Hormozi said: "Rich people buy time.?Poor people buy stuff.? Ambitious people buy skills.?Lazy people buy distraction." The upcoming DFW multifamily on Friday Jan 10th bus tour will do 2 things: 1) It will give you the skill of multifamily investing. You will hear from lenders, general partners, management companies, and listing brokers who have done this for decades. 2) It will compress the time it would take to learn this information from years on your own to days with a experienced team. Register here: https://lnkd.in/ge-EzxFN Paul Peebles, Ricardo Hinojosa, James Wilson, MBA, Ashley Cao,

Here's an inside listen from a podcast our acquisition leads did just before Thanksgiving - the guys at Old Capital really are the best in the business. Link in the comments!

Georgia Properties in the Fall be like....... ?? We bought this property earlier this year and immediately put gutter guards on every building. Here’s the breakdown of our math: ?? Cost of Gutter Guards & Install: ~$18,000 ?? Annual Gutter Cleaning: $4,500 (3 cleanouts per year @ $75/building) ?? 5-Year Hold Expense for Gutter Cleaning: $22,500 ?? Post-Gutter Guard Costs: $1,500 annually for a single yearly roof blow-off. This results in: ?? Annual Savings: $3,000 ?? 5-Year Hold Savings: $15,000 ?? Final Calculation: When you divide our Annual Savings ($3,000) by a 6% cap rate, you get a $50,000 added value from the less expenses, not to mention a hedge from that gutter cleanout cost rising. We'll see if it works out this cleanly, but this is simple decision-making Real estate math. Highly recommend Scott Specker and his team at Top Rated Gutters if you are in the Atlanta area.