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7 January 2025 | 5 replies
I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.
9 January 2025 | 0 replies
Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.
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14 January 2025 | 8 replies
That feature is so basic I never would have thought to even ask first if it was included.
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6 January 2025 | 2 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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8 January 2025 | 6 replies
if you are going to do things like include utilities, or have an off street parking spot, other amenities etc, there's no reason in my mind you couldn't "charge a premium" for a premium unit/service.
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10 January 2025 | 2 replies
Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.
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8 January 2025 | 5 replies
Lots of folks come up from Ventura County, including many who responded to your post.
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19 January 2025 | 55 replies
Also, SAAS platforms are supposed to include support and service (that's the last S), but the quality varies greatly from company to company.
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21 January 2025 | 19 replies
If i was giving someone 65k I would be on a plane and meeting them in person.Cannot say this about this website, but there are plenty of scams out there to take advantage of those in distress, including syndicators.
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21 January 2025 | 27 replies
It includes a lot of good/bad examples.