Out of the 300 properties I manage, we only had 1 eviction last year.

Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

House-hacking with a multi-family property is a fantastic way to get started—it’s one of the best strategies for learning the ropes of property management while generating income right from the start.

I'm a local, CT based investor, flipper, and property management company owner.  

Keep systems in place for managing documents and contracts.6.

BAM and Praxis have definitely managed the situation better at this point in time. 

@Brian Glasser is a solid agent/project manager in KC and has done dozens of BRRRS himself there.  

SDIRA has been extremely accommodating in the setting of an eviction that occurred because the manager that they previously used neglected to tell them.

As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.

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.