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26 February 2025 | 13 replies
No way I would buy in Seattle.
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7 February 2025 | 10 replies
Closed with no issues, inherited great tenants and have really enjoyed living in this neighborhood Lessons learned?
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31 January 2025 | 26 replies
Did ask about specifics they are interested in and after 8 hrs of no response I reported it as spam.
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22 February 2025 | 16 replies
Sorry what are comps I'm no expert but from what I've learned, comps are the prices other properties in your area have gone for.
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6 February 2025 | 9 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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17 January 2025 | 23 replies
The property manager must make a profit, otherwise there is no incentive to provide the service.
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25 February 2025 | 8 replies
If it was on the MLS or is in disrepair and no one else is bidding on the property (say an off market motivated seller) then yes sometimes.
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5 February 2025 | 13 replies
source_impression_id=p...Here is the code section from the 2021 IRC:Habitable Spaces, Hallways, Basements with habitable spaces and hallways shall have a minimum ceiling height of no less than 7 feet.Bathroom and Laundry Rooms shall have a minimum ceiling height of no less than 6 feet 8 inches.A room that has a sloped ceiling shall at no point have a ceiling height less than 5 feet and no less than 50% of the floor area shall have a ceiling height less than 7 feet.
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10 February 2025 | 8 replies
If not, no bueno.
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2 February 2025 | 10 replies
And to Lynnette, no, "Renewable energy is very expensive to develop."