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18 January 2025 | 8 replies
I always just explain nicely that it’s my company policy to deliver the required notice and collect the late fee as per the lease every time rent is late, no matter what, sorry no exceptions for anyone as I treat everyone equally and adhere to the lease agreement that we both signed.
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1 January 2025 | 3 replies
If you are nearby, if you have ever been a pizza delivery person, maybe deliver a pizza to the wrong house that may or may not be the one being foreclosed on so atleast you can see inside a small portion. we used to just go knock on the door some folks would actually let you look around.
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2 January 2025 | 4 replies
Also, from what I read in Bloomberg, midterm rentals near major hospitals can sometime command a decent premium.. especially if they include some nice furnishings.Little Tweaks Count: Even minor upgrades, like new door locks or a fresh coat of paint, can help you justify a stronger rent.Driving for Dollars & Networking..
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29 January 2025 | 31 replies
I worked with a broker before who delivered and has referred me to Lendbase.
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9 January 2025 | 10 replies
@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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1 January 2025 | 27 replies
Does anyone have any machines or vendors that they'd recommend that would deliver?
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10 January 2025 | 8 replies
Important that you follow the necessary steps, deliver 5 day notice etc.
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3 January 2025 | 1 reply
This deal showcased how strategic planning, targeted improvements, and a strong partnership could deliver impressive returns.
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1 January 2025 | 0 replies
This year promises fresh opportunities in commercial real estate — and we’re here to help you navigate them.
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5 January 2025 | 39 replies
Then my second house which was freshly turned had a tenant that up and left after a couple of months and caused excessive damage.