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4 October 2024 | 11 replies
The registration site still isn't working properly.
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4 October 2024 | 8 replies
I am now looking to get the proper STR insurance on the unit.
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7 October 2024 | 24 replies
But it's missing a couple of integral features, such as maintenance requests/tracking, and also my bank (which I do not want to leave) for some reason has always hated connecting to Stessa and thus never works properly...
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5 October 2024 | 1 reply
: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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6 October 2024 | 1 reply
Structuring your financing properly allows for sustainable growth while mitigating risks.
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7 October 2024 | 34 replies
I'm big on Detroit, personally (heavily) invested there, and work with a lot of clients that wish to invest there.Homes in Detroit proper can be had for $80k - $90k today and rent for $1,200 - $1,300/mo.
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6 October 2024 | 12 replies
@Jon KimInvesting with friends can work well if structured properly.
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4 October 2024 | 12 replies
Landlords must follow the proper legal eviction process, even if the tenant is no longer paying rent or utilities.Since your "friend" has already initiated the eviction process and is waiting for the sheriff to remove the tenant, it's important to let that process play out legally.
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4 October 2024 | 8 replies
Hope your expectations are properly aligned with market realities:)
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4 October 2024 | 4 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊