
8 January 2025 | 13 replies
Its being operated at STR from last 30 months with great cash flow.

11 January 2025 | 7 replies
For example, will they look at the T12 (Trailing 12 months), or something shorter like a T6 or T3 (last three months).

9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement.

12 January 2025 | 20 replies
Quote from @Sergio P Ramos: Quote from @Jay Hinrichs: Quote from @Sergio P Ramos: Update:I've been really busy since my last interaction.

12 January 2025 | 5 replies
Last thought (mainly for future readers), you may be talking about the 1 year FHA history if you have variable income.

11 January 2025 | 2 replies
Key is creating memories that last a lifetime.Excited to learn and connect with you all!

12 January 2025 | 8 replies
I’ve recommend all my clients to him in the area for the last few years and they have had great success.

13 January 2025 | 8 replies
I have used Nomad for the last 3 years with a rental property and have not had a great experience.

8 January 2025 | 5 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.

13 January 2025 | 14 replies
And lastly, what type of property do you want that next one to be?