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20 January 2025 | 31 replies
I have opened two more LLC's with them since I last posted here.
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23 January 2025 | 56 replies
I had a recommendation for this program after a bad experience we had flipping our last three properties.
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14 January 2025 | 10 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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20 January 2025 | 3 replies
After I fill the last vacancy, the building will generate as much cash flow in one month as its predecessor would have generated in a year.There are so many other stories whose origins are with that same knock on the door, but this one's already long enough.
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19 January 2025 | 27 replies
I'd tell the tenant they are clearly not happy in the house and tell them they are welcome to break the lease (this is the last offer).
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27 January 2025 | 17 replies
Last year I spend $9500 additional in bookkeeping (not including my accountant or tax filing.)
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15 January 2025 | 0 replies
Historically, Charlotte has never experienced more than two months of this level of inventory in any given year.Days on Market Has DoubledCompared to last summer, the average Days on Market for rental properties has doubled, making it clear that tenant demand isn’t keeping up with supply.Why Is This Happening?
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21 January 2025 | 10 replies
My last deep clean 1,800sq ft relatively new and clean house but with animals was just over $500.
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13 January 2025 | 4 replies
I have grown insanely skeptical of BP over the last 5 years, yet somehow I am trying the lead generation for both property management and now as a featured agent.
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15 January 2025 | 5 replies
Population is growing, NFL Draft was the BEST EVER attended, prices are up over 20% last year, etc.