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12 February 2025 | 8 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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30 January 2025 | 12 replies
Ive been using the same for many years now and its my foundation for operations, follow-up, workflow management and communications.
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14 February 2025 | 19 replies
The car/renters/umbrella won't be with Foremost but this way you can have one agent to manage your portfolio.
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18 February 2025 | 43 replies
Your experience reminds me to manage the portfolio well (i.e. sell losers) and to be patient.
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22 January 2025 | 5 replies
Real Estate Investment in Canada has, in recent years, been strained in terms of affordability, and other rules creating an additional barrier of entry; especially for foreign buyer.Although I am investor in Ontario and Quebec, I'm not a lawyer, nor an accountant, nor an immigration consultant, so make sure you consult with the appropriate expert for accurate information.
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29 January 2025 | 10 replies
The current one lasted 8 years and needs to be replaced (as per what our property manager is saying)I heard front loaders could leak, so I typically only do top loaders for rentals.
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6 February 2025 | 7 replies
A VA can help you compile lists of potential wholesalers, manage follow-ups, and even track responses from your marketing efforts—freeing you up to focus on high-level strategy and deal analysis.Hope these ideas help!
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30 January 2025 | 5 replies
The utility company doesn't manage your property...they provide paid services until they're not paid anymore.
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28 January 2025 | 29 replies
I would try and manage it yourself if you have the time and effort.