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18 January 2025 | 18 replies
In LA, my last vacancy was about a week.The hardest part honestly is understanding the laws and dealing with the tenants around it.
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11 January 2025 | 11 replies
STR is a slowly dying model that exploded in the last 10 years and correcting big time.
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9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement.
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13 January 2025 | 5 replies
Lastly, I would also try and tap into any MTR market you could possibly have in your area.
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10 January 2025 | 6 replies
I am from California, but lived in Peachtree City, Georgia last year (renting), and currently live in Germany as an Au Pair.
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19 January 2025 | 56 replies
I have found address over the last couple of years in Ca, Co, Mi, Wy and NJ and Az.
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11 January 2025 | 2 replies
@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.
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13 February 2025 | 123 replies
There was to have been a conference last weekend about him but was postponed due to the hurricanes as it was to be in Florida.
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16 January 2025 | 10 replies
Winter always sees fewer people moving, but a lot of people were transitioning for the last 4-5 years.
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7 January 2025 | 4 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.