
13 February 2025 | 25 replies
Then make sure there are ample property management companies in case you'll have any attrition.

2 February 2025 | 9 replies
Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

1 February 2025 | 16 replies
This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations

11 January 2025 | 14 replies
Have a frank conversation with the property manager.

26 January 2025 | 3 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.

22 January 2025 | 25 replies
Is it possible to have a property manager who manages some of the property, while I manage the rest remotely?

13 February 2025 | 123 replies
But what's most compelling is that he's managed to curate a group of people who also care for each other and care about HOW they conduct business.

26 January 2025 | 2 replies
There's a lot of discussion about managing a STR from a distance.

26 January 2025 | 2 replies
For my POH park I have a hourly PT maintenance manager who keeps our rentals in shape.

28 January 2025 | 20 replies
For your GA LLC, filing correctly is crucial since you're based in CA and may need to handle multi-state tax filings.A real estate tax accountant can guide you on deducting renovation costs (likely capitalized rather than expensed for a flip), managing depreciation for investment properties, and tracking expenses related to your flip.