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6 January 2025 | 5 replies
I just want to get the management side of things right if I were to commit virtually all of my resources to it.Best,Dustin The rule of thumb is somewhere between 80 and 150 units is when you will need FT maintenance (depending on age and amount of deferred maintenance).
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7 January 2025 | 0 replies
Review what happened and determine why each item was above or below your expectations so that you can properly plan for next year.Review your prior year goals.Did you buy all of the properties you set out to purchase?
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7 January 2025 | 5 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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6 January 2025 | 13 replies
I felt like checking a little bit more so I ran a proper background check on her and was shocked to find that she has multiple felonies including jail time.
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7 January 2025 | 0 replies
Don’t waste resources if you have the opportunity.
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13 January 2025 | 15 replies
Would be happy to be a resource for you.
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17 January 2025 | 37 replies
Kalamaras, we were ready to close your file, we needed to change Title Companies as your Title Agency was refusing or could not add proper endorsements because of their Underwriting Insurance Carrier.
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7 January 2025 | 5 replies
Place these footings strategically after you have jacked the house up to proper level.
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16 January 2025 | 20 replies
Happy to send over some resources on why Columbus is a great real estate market to invest in.
12 January 2025 | 10 replies
Have you considered collaborating with them where you could pool your resources and directly benefit from their experience?