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28 January 2025 | 27 replies
My manager is largely responsible for that.
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2 February 2025 | 5 replies
Learn how to manage better.
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27 January 2025 | 12 replies
Either myself or project manager wen I don't have time, because most contractors need daily supervision.
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27 January 2025 | 4 replies
We set up our CPA, LLC, website, marketing plat forms (social media), investor (sponsors) list, I have an operation manager, acquisition manager, and myself leading the charge.
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25 January 2025 | 14 replies
The rental yield is pretty low compared to its value, and selling now while it’s in great condition could help you avoid the stress of managing it or dealing with wear and tear.
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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.
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26 January 2025 | 2 replies
There's a lot of discussion about managing a STR from a distance.
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23 January 2025 | 4 replies
Because you live on the property, management will be easier.
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23 January 2025 | 0 replies
I am also planning on using a property manager as I have an 8 - 5 full time job.
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29 January 2025 | 6 replies
You can also partner with experienced investors who have the funds but need someone to find and manage properties.