Rafael Ramos
Where to invest?
3 October 2024 | 14 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.
Nicole S.
Avoid Northpoint Property management in Ohio!
6 October 2024 | 15 replies
I was also not told of the unpaid sewer and water fees, my poor new tenant doesn't have water right now.Gary Garrison took over, but he has since left.
Dee Mandrekar
New to Section 8
6 October 2024 | 7 replies
@Dee Mandrekar highly doubtful there's such a big difference between market rent and S8 rent.First off, the GROSS S8 amount includes specific amounts for all utilities - electric, gas, water, trash, etc.We do NOT recommend including utilities in the rent because S8 only pays a certain amount and the owner is then exposed to tenant abuse of utilities.
LeeAnn Owens
Building a Small Multifamily - Where to Start?
3 October 2024 | 9 replies
We also host a meetup locally w/ a massive network to pool from.
Hanzel Ana
New Investor Excited to Learn and Connect with Like-Minded People!
2 October 2024 | 16 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.
Kenneth C.
Post Eviction (Cut Utilities)
4 October 2024 | 12 replies
Unlike gas and water, in Philadelphia electricity is not lienable.
Josephine Ramesh
North Georgia Mountains - Airbnb
3 October 2024 | 16 replies
So double check with the county on any of those requirements if any.Where does the water come from?
Jill Hutson
How do you handle a long vacancy (2+ months)?
4 October 2024 | 26 replies
But for the most part, your typical renter pool of people are people with bad credit and tight finances to where they can't afford to pay for a premium rental like that.
Osvaldo Guerra
Best/safest cities for house hacking.
4 October 2024 | 13 replies
We have one of the largest small multifamily pools in the country.
Steve Ford
Operating Expense Estimates
30 September 2024 | 15 replies
I do not have a sheet but I typically budget $150 for lawn, $150 for pool if applicable, $100 for cable, $100 for water, $300 a month for electric (depending on property size and your local utility costs), $50 for pest control, and another $200 per month in misc.