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2 December 2024 | 14 replies
We only have 4 units on section 8 right now, but in general, the system works well for investors IF you have a solid property manager who understands the subsides and does proper tenant screening.
2 December 2024 | 17 replies
@Nathan Gesner It's immoral to tell them they can't use the garage anymore (with proper notice), but it's not immoral to just evict them without the option to stay?
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6 December 2024 | 21 replies
I'm not lazy or anything but I'm tired of working jobs that don't pay enough to properly support me or my dreams.
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6 December 2024 | 45 replies
: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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28 November 2024 | 22 replies
It’s probably still a bad deal for the owner to install in more than about 10-15% of the assigned parking spots.
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9 December 2024 | 38 replies
It's a credit score. the best way to build credit is to have credit, use it liberally and use it properly.
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5 December 2024 | 48 replies
I actually had some solid advice for you until I saw your reply to @Kevin SobiloThe post is impossible to provide proper advice.
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3 December 2024 | 26 replies
The time it takes for the draws from tenants and then the ACH transfer to you leaves you getting pain on the 7th or 8th of the month, the $1 ACH transfer fee is an annoyance that has drawn some complaints that are as petty as the fee feels, the new tenant application features are sub-par, and I'm not sure how well it properly informs tenants of the additional charge for credit cards as I got panicked texts about the added fee from a tenant already going through some hardship.
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26 November 2024 | 13 replies
A quick google search turned up this: https://windowwellexperts.com/...You can install a legal egress window for $3,000 - $5,000.
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27 November 2024 | 3 replies
We had the plumbing break down and had to install new PVC plumbing Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?