Sep 18, 2026 · 43 min · 9 segments
Most landlords focus on buying the right property. The ones who actually build wealth know it's what happens after the purchase that makes or breaks your returns. In Part 2 of our NOI series, Austin…
So we talked about income and expenses.
Yeah.
last week and we kind of broke this down into a couple of different blocks and so we spent most of our time last week talking about the revenue block we talked about uh rent raising rents we kind of had a little bit of a debate on there i think we all kind of came to a consensus toward the end of it we talked about raising rents uh we talked about maximizing uh your occupancy and minimizing your vacancy um what is a what is an over occupied property did you know a property can be over occupied no
yeah explain
that
to me
well sometimes Sometimes if a property exceeds the market occupancy, it may be a sign that the rents are too low.
That's over occupancy right there.
I got you.
Yeah.
Okay.
That's what I was thinking.
Thanks for that.
Now, sometimes it doesn't.
I think with... with strong marketing and good followup and having a property management system that is organized, you should be able to, to beat the market.
So right now, multifamily, we'll start with multifamily occupancy right now.
Multifamily is at, uh, 88% across the board, you know? And so if you're, you know, if you're buying in Galveston and maybe a little higher, if you're buying, you know, in Sunnyside and maybe a little bit low, lower, um, I'm letting these guys in.
So thank you for joining us.
So going back to what we're talking about with revenues is knowing what your market is.
occupancy is can tell you quite a bit knowing what your market rental income is you know for a one bedroom versus a two bedroom a b class versus a c class you certainly want to know what that is and so we we talked about increasing revenue we talked about different things like laundry and you know adding storage units can be a great great way to to increase revenue so What are some other ways that we talked about, Albert, of improving our the income column of our profit and loss statement?
I think we talked about also like pet fees, pet rent.
Yeah.
So we talked about income and expenses.
Yeah.
last week and we kind of broke this down into a couple of different blocks and so we spent most of our time last week talking about the revenue block we talked about uh rent raising rents we kind of had a little bit of a debate on there i think we all kind of came to a consensus toward the end of it we talked about raising rents uh we talked about maximizing uh your occupancy and minimizing your vacancy um what is a what is an over occupied property did you know a property can be over occupied no
yeah explain
that
to me
well sometimes Sometimes if a property exceeds the market occupancy, it may be a sign that the rents are too low.
That's over occupancy right there.
I got you.
Yeah.
Okay.
That's what I was thinking.
Thanks for that.
Now, sometimes it doesn't.
I think with... with strong marketing and good followup and having a property management system that is organized, you should be able to, to beat the market.
So right now, multifamily, we'll start with multifamily occupancy right now.
Multifamily is at, uh, 88% across the board, you know? And so if you're, you know, if you're buying in Galveston and maybe a little higher, if you're buying, you know, in Sunnyside and maybe a little bit low, lower, um, I'm letting these guys in.
So thank you for joining us.
So going back to what we're talking about with revenues is knowing what your market is.
occupancy is can tell you quite a bit knowing what your market rental income is you know for a one bedroom versus a two bedroom a b class versus a c class you certainly want to know what that is and so we we talked about increasing revenue we talked about different things like laundry and you know adding storage units can be a great great way to to increase revenue so What are some other ways that we talked about, Albert, of improving our the income column of our profit and loss statement?
I think we talked about also like pet fees, pet rent.
Yeah.
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