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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.
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4 January 2025 | 28 replies
It is now known as the Frontier County Enterprise, but previous iterations included the Hi-Line Enterprise, and before that the Eustis News.
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2 January 2025 | 10 replies
You will need to deduct the expenses and include income on a schedule E of Form 1040.
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1 January 2025 | 26 replies
I am always fully transparent and the owner in that situation is a long standing business associate that knows my character, experiences and background, strengths and weaknesses included.
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30 December 2024 | 8 replies
This video is a great start and includes a lot of sample images (good and bad).
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30 December 2024 | 2 replies
Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).
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1 January 2025 | 12 replies
Charge the tenants a higher rent rate and include utilities with their rent.
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5 January 2025 | 18 replies
This form is included with the Illinois Eviction Notice on this site, and will be necessary if you have to file a Complaint against a Tenant for Eviction (next step).Filing the Complaint If after receiving the Notice of Eviction the Tenant has not paid the rent or cured the lease violation (if they have that option), then the landlord must sue the Tenant for eviction by filing a Complaint with the County Clerk's Office in the County where the property sits.
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28 December 2024 | 4 replies
Interestingly, the records do include the downstairs space as part of the livable square footage.
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29 December 2024 | 2 replies
On the RE side - I own/developed 2,000 residential units across the United States focusing on opportunistic residential acquisitions and development, including student housing conversions and luxury multifamily development.On the startup side - it is a third-party guarantor platform that expands your renter pool, increases rents and occupancy, and ultimately boosts your NOI while broadening affordable housing options for renters.