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7 November 2024 | 22 replies
And also our taxes are done in no time, because there are almost zero questions to work through.Hire a bookkeeper!
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7 November 2024 | 6 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
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5 November 2024 | 15 replies
If you're still living in it, you can rent it out by the room to multiple individuals or even as a live-in STR depending on your risk tolerance & city ordinances.
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8 November 2024 | 21 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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4 November 2024 | 16 replies
We used to get as many as we wanted for 5- 10k per unit now, 40- 65k .IMO in 5- 8 years or so you will not recognize the Euclid Corridor from Little Italy ( well just east) to the RTA, why do you think there is zero inventory?
5 November 2024 | 11 replies
Look for "Pitch-Free" policies, supportive communities, and smaller, specialized meetups.
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10 November 2024 | 18 replies
I had a no pet policy so she was trying to get around that.
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7 November 2024 | 12 replies
Almost zero but normally they play nicely.7.
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3 November 2024 | 8 replies
.- Sectio 8 also requires taxes be current.3) Insurance: we require an owner to add us to their policy for liability protection.- Have discovered owners with lapsed ploicies they thought previous PMC was handling.- Also found terrible policies that owners had, that they didn't understand.4) Utilities: We check that all utilities are properly set up and cofirm or enroll in any Auto-Transfer of Service programs to avoid no heat during winter leading to frozen pipes.- Dealing with a very upset new owner client right now that previous PMC didn't handle the water account properly.
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4 November 2024 | 26 replies
The risk tolerance for one differs greatly from another.