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20 January 2025 | 8 replies
However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.
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14 January 2025 | 27 replies
I have to pressure them to take care of it.
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26 January 2025 | 3 replies
Most agency loans will expressly forbid such an arrangement, so if they found out, the odds of having the loan called would be very high.
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30 January 2025 | 14 replies
They also benefit from strong schools, which can be a huge draw for long-term tenants.While you may not achieve high cash flow immediately in these areas, the property values and rents tend to appreciate steadily over time, aligning well with your goals.
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8 February 2025 | 42 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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27 January 2025 | 5 replies
. - The people that are monetized on actually closing deals are all saying this thing is highly implausible.
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9 January 2025 | 0 replies
After 5 months we had a bad water leak under the house.
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19 February 2025 | 17 replies
I would highly recommend moving your tenants to a PM software where you can screen tenants, collect rent, etc.
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11 January 2025 | 49 replies
Generally, homes closer to the water are more expensive.
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27 January 2025 | 3 replies
Option 2 is high risk, as financing may be tough on your situation.