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6 November 2024 | 6 replies
The bigger the property, the different the agent on the commercial side.Multifamily in the 10-30 door range
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6 November 2024 | 6 replies
The other thing I often see is that over time, different homeowners/contractors have decided to DYI adjustments to their home aka took out walls, didn't shore things up properly, put in new doors, etc.My point is that what you are seeing is not abnormal for older homes.
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7 November 2024 | 12 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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6 November 2024 | 4 replies
The hope is to build experience and open more doors in the future for new builds.I also just had lunch with a banker on Friday who said they have been opening up and relaxing on real estate again…for everything except non-owner occupied construction - that is still a no go for them.
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5 November 2024 | 17 replies
While the "type" of neighborhood can sometimes make tenant approval criteria a little more flexible, we always try to avoid making desperate decisions that could lead to future evictions.The rise in evictions that you're seeing could be partly due to landlords lowering their standards to fill units quickly, which might lead to issues down the road with tenants who can't pay rent consistently or have a history of instability.
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6 November 2024 | 12 replies
Condos have a lower price entry point, but many are facing insurance assessments due to rising insurance costs, so that has to be reviewed carefully, but single family homes are seeing the same rate pressure unless very new construction.
2 November 2024 | 8 replies
Hey Mike, I have 12-doors in Detroit and 3 of them are Section 8.
7 November 2024 | 12 replies
I got to 30 doors and left my W2...however, realized that landlord income is not the best way to survive.
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5 November 2024 | 22 replies
You see this often in Chicago high rises where they use a less thick countertop.At the end of the day, you aren't saving a ridiculous amount of money, so like anything it helps when you are doing it at scale.What is your future vision for your Short Term rental business?
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4 November 2024 | 26 replies
Let me put it this way. 1 year of coaching for me- 136 doors later...