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17 January 2025 | 3 replies
If you want to quote out high efficiency boilers for six Tripple deckers for example requiring installation of separate gas, meters etc. etc. - that might be a situation where you would want to work with a contractor directly because you would have lots of different options with widely varying costs.
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16 January 2025 | 31 replies
Understanding your top priorities can help in determining whether Stessa, Baselane, or another tool might best fit your needs.If you're comfortable with apartments.co for rent collection but want higher yields on your cash (this is me reading between the lines) you could have the transfers go into a high yield business account like BlueVine 1.5% interest or something like CapitalOne 3.9%.
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20 January 2025 | 11 replies
I would highly recommend you create an LP agreement.
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12 January 2025 | 8 replies
Whie DOS lender risk may or may not be high, being ininsured is... well, enjoy your 'asset protection'.
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11 January 2025 | 2 replies
Much of the country is at high risk between fires, hurricanes, tornados, tidal waves, earth quakes, rising tides, etc.
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19 January 2025 | 51 replies
I don't have much experience with other platforms but I can assure you RentRedi sets the bar pretty high.
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13 January 2025 | 3 replies
Condo's usually have high HOA dues which will eat into your cash flow.
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29 January 2025 | 22 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 | 14 replies
The rates are high right now but these loans are limited based on cashflow so you cant take a loan that costs more than you're receiving in rental income.
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15 January 2025 | 18 replies
here are just a few:-interest rates and prices both remain high. this has really hurt cash flow across the board.