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24 January 2025 | 36 replies
Last I heard, they were pausing their "master lease" options and focusing more on regular property management.
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11 January 2025 | 11 replies
But now things are working more smoothly and after finalizing the accounting for last year, I have a better idea as to what kind of profit to expect.
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8 January 2025 | 10 replies
My last visit was in 2021 and owners were limited to one guest per month.
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7 January 2025 | 9 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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14 January 2025 | 8 replies
@Ryan Swan, funny you say that, I just used all of my votes on that one feature last week, which kind of sucks because I wouldn't consider that an "enhancement" as much as just a total whiff on Buildium's part.
13 January 2025 | 7 replies
Selling would likely trigger capital gains taxes (unless you lived in the property for two out of the last five years or use a 1031 exchange).
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9 January 2025 | 2 replies
Some, like the last one we got in place, used a drive by estimate of value rather than a full interior appraisal.
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13 January 2025 | 11 replies
Lastly, make sure to rework your numbers on the conservative side.
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7 January 2025 | 6 replies
This is our messages to Appfolio for the last two months, they are awful and holding our fund not to disburse, please see below - We have been trying to reach your company by chat, phone number and no luck.
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9 January 2025 | 5 replies
One last question - is your assistant actually hand writing the envelop?