
3 January 2025 | 6 replies
I have a duplex in cleveland with a combined 2,336 sq. ft.

12 January 2025 | 12 replies
Quote from @William Taylor: Quote from @Addy Chupa: Hi William,I ran some numbers using our tool, and I’ve included my thoughts below, along with two scenarios: one based on your exact assumptions and another with adjusted figures that I believe could make the deal work better.Observations on Your Numbers Utilities: Based on your calculations, it seems you’ve assumed the tenants will cover all utilities.

13 January 2025 | 11 replies
Include before-and-after photos, receipts, and a list of all the work done.Curb Appeal: First impressions matter.

15 January 2025 | 24 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.

14 January 2025 | 7 replies
Most won't insure pools with diving boards or ones without a VGBA drain.2) Include the cost of a pool company to manage the pool in the rent.

14 January 2025 | 3 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

5 January 2025 | 1 reply
😳This is caused by a combination of buyers not being able to afford to buy with interest rates back up above 7%, and seller’s not wanting to budge on their sale price...a standoff.My guess is 2025 will likely be just like 2024 and 2023 if rates stay above 6%....

14 January 2025 | 4 replies
The violations would include 'the personal occupation of a garage as residence' while asserting to police that he didn't live in it, along with the power overloads due to use not in keeping with a garage rental.

14 January 2025 | 6 replies
@Adonis Williams, you've received great comments: It depends on so many things, including FICO, LTV, type of loan, etc.

6 January 2025 | 25 replies
A combination of these things?