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25 February 2025 | 4 replies
This will help guide your decision opposed to investing somewhere for a novel reason.for example for me it was cash flow, price to rent ratio, land lord tenant laws and availability of multi-families(Just to name a few).
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14 February 2025 | 7 replies
We are renting them on Airbnb and on our site as wedding but yes Airbnb does not have that option yet.
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10 February 2025 | 12 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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15 February 2025 | 0 replies
I am in contract for a duplex in Grandview where I plan to live in one side and rent out the other
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30 January 2025 | 1 reply
By prioritizing five-star reviews, I built a strong reputation, which led to increased bookings and higher profitability.
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7 February 2025 | 4 replies
Quote from @Kory Sheldahl: Hi everyone,I'm seeking some advice regarding a property I own in Hawaii that is currently rented to a military tenant.
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7 February 2025 | 6 replies
Run the numbers you may do better long term or renting as a whole unit.
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26 January 2025 | 17 replies
Debt will get paid down, rents historically will go up, and values historically will appreciate.
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10 February 2025 | 9 replies
Quote from @Zachary Kessler: Hello all I’m currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don’t want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU.
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15 January 2025 | 4 replies
Yes, you can deduct the 8 days rent from the security deposit.