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6 January 2025 | 5 replies
This will provide you two benefits:1) Help you better define the position, so you can hire a better matched person2) Make training the next person easier
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4 January 2025 | 12 replies
If that is a stretch as to your qualifications, I would not recommend this as it would with relative quickness go to the attorneys to move forward with drafting, inspections, title search, etc.
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6 January 2025 | 25 replies
It's people like you who cause folks who would actually benefit from an ESA to be painted with the same broad scammer brush.
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6 January 2025 | 7 replies
Hiring unlicensed and uninsured contractors is considered an exclusion under most property insurance policies, meaning you could be giving up that benefit as well.
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23 December 2024 | 2 replies
Hi AllJust joined the site. Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Shor...
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6 January 2025 | 11 replies
This relative to my situation, is a super modest amount of funds.
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4 January 2025 | 20 replies
I want to give them the benefit of the doubt they are just struggling with staffing but now have seen some red flags that lead me to believe there might also be some type of deceit/fraud and possible financial trouble.
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1 January 2025 | 12 replies
I've tried to include relative information, without writing a novel.
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2 January 2025 | 36 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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5 January 2025 | 5 replies
I am relatively new to REI as well.