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13 January 2025 | 25 replies
It's great to hear from someone active in the Rochester market.
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7 January 2025 | 24 replies
I have yet to come across a policy that covered for fraud or illegal activities.
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14 January 2025 | 23 replies
It's not illegal provided you're dislosing it to all parties and not trying to actively hid it.
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7 January 2025 | 5 replies
I'm from Leesburg, an active-duty Air Force member, too (retiring soon).
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9 January 2025 | 28 replies
Because with an HOA in tow that means your not doing it alone, you have active "partners" who will be taking care of a slew of things so think of it like training wheels.
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4 January 2025 | 5 replies
We have 3 boys who are actively in sports and the location of the house just doesn't work out for us.
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1 January 2025 | 14 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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6 January 2025 | 13 replies
I don't have the funds saved up for any major renovations but am looking for something that needs a little TLC.
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6 January 2025 | 7 replies
They say they are not liable for inaccuracies but the number of bedrooms, bathrooms, and unit amount seems incredibly major.
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2 January 2025 | 2 replies
I spent a decade in advertising, before founding and running a custom wood shop for another decade, so 'm pretty good at the self-promotion.I agree with you that the more gorilla approach would be most effective and that's actually what i've been doing – calling RE agents in my service area with active listings, introducing myself to property managers and leasing agents...To answer your question, I will have to handle the work myself for 6-12 months to build out the SOPs and field service management systems, but I have a lot of relationships for those looking to "do the work".I'll check out the meet up and would love to grab a cup of coffee, I'll shoot you an email.