![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1493935/small_1681910648-avatar-kevinl403.jpg?twic=v1/output=image&v=2)
19 December 2024 | 2 replies
The PM company’s in-depth knowledge of California’s tenant laws and a rock-solid screening process.Hope this gives you a strong starting point.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3158043/small_1734411342-avatar-mitchm117.jpg?twic=v1/output=image&v=2)
26 December 2024 | 2 replies
He suggested calling them to negotiate something, to your satisfaction, as you previously stated, including removing the panels.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/267820/small_1707842389-avatar-jorgea3.jpg?twic=v1/output=image&v=2)
26 December 2024 | 1 reply
Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3037254/small_1717124656-avatar-laurend180.jpg?twic=v1/output=image&v=2)
11 December 2024 | 5 replies
Quote from @Lolo Druff: Just like turn signals, you should always trust, but verify that the seller is telling the truth.Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1697369/small_1621514855-avatar-tayvion.jpg?twic=v1/output=image&v=2)
12 January 2025 | 20 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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1468686/small_1658835262-avatar-matthewm623.jpg?twic=v1/output=image&v=2)
17 December 2024 | 16 replies
For your due diligence, you can also ask to see the tenant's original application and screening reports.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3158334/small_1734467760-avatar-mattc836.jpg?twic=v1/output=image&v=2)
26 December 2024 | 4 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1651041/small_1701928900-avatar-jakeb171.jpg?twic=v1/output=image&v=2)
26 December 2024 | 18 replies
This meant I couldn’t pursue the driver personally and had to rely on their car insurance, which settled for $25K—their maximum coverage.Unfortunately, the crash added $77K in unexpected costs, including $41K in repairs and extended holding costs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2392904/small_1694697007-avatar-leeling.jpg?twic=v1/output=image&v=2)
24 December 2024 | 2 replies
We list what we include and do not include in the text portion of our advertising.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1930319/small_1729519343-avatar-sergiop52.jpg?twic=v1/output=image&v=2)
12 January 2025 | 20 replies
That would mean there is an approved site plan that includes roads, water, sewer, storm water, curb, gutter and any required buffers.