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27 January 2025 | 11 replies
Keep me posted on how it goes.
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29 January 2025 | 28 replies
If your interested I have posted the link below https://drive.google.com/file/d/1Ie7LRwcDVFbzSc4lcj3owGVrJWso39yT/view?
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11 February 2025 | 25 replies
*I'll try to update this post if any updates or improvements are completed, but since November there have been no improvement or fixes.
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16 January 2025 | 78 replies
I like your post.
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17 January 2025 | 4 replies
There are lots of helpful people in this forum and LOTS of posts to scour.
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16 January 2025 | 1 reply
., to be honest, if you can't simply explain it in a post, you have already lost a vast majority of investors.
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16 January 2025 | 3 replies
I have been told not to do disclose the details on posts...
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7 January 2025 | 12 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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5 January 2025 | 4 replies
@Amol KulkarniRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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23 January 2025 | 5 replies
The numbers you mention in your post are confusing - like $150k annual income from a rental property.