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21 January 2025 | 10 replies
I am a property manager and in an emergency I will go to the property and provide access.
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1 February 2025 | 3 replies
It makes lead management way more efficient since they get to focus on people who actually want to do business.
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12 February 2025 | 4 replies
Also do research on what's required to properly manage a LLC so the veil cannot be pierced.
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6 February 2025 | 58 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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29 January 2025 | 5 replies
I graduated from college in May, and I am currently doing business development (sales) for a property management company while studying for my RE license.
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21 January 2025 | 3 replies
Considering how rising prices might influence people's decisions is interesting.
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12 February 2025 | 4 replies
I definitely wouldn’t mind the help with my rehabs and getting started with property management.
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9 January 2025 | 21 replies
I'm also meeting property managers in different markets that are starting to refuse to manage properties in certain neighborhoods.
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2 February 2025 | 2 replies
Madison Management out of reno is who we use who ironically used to be in Morristown NJ
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29 January 2025 | 9 replies
I am a broker and property manager here in Clarksville, TN.