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25 September 2024 | 13 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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23 September 2024 | 9 replies
Real estate taxes $1200 per month on a $350,000 property(seriously) In Cincinnati, when you pencil it out, the break even point for a 4 family is about $85,000-$100,000 per door.
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24 September 2024 | 16 replies
Garrett, go to your local lumber, doors, windows, etc. supply store (not a HD or Lowe's, of course) and ask at the front desk if they can recommend someone.
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24 September 2024 | 6 replies
Thank you Ned, that is exactly right, we actually check a condo/townhouse about 2 weeks ago, the thing was a condo with a basement, I cannot tell if it was a condo or townhome, anyway, the ceiling in the first floor was bowing, the 2nd floor, one of the bedroom was sinking, could not tell how this damage was done but the walls came apart from the floor, you could see the roof of the unit bowing inwards towards the structure a bit, and their "general contractor" estimate that for 5k they could straighten the property and level everything, even 1 window and 1 door looked so uneven that you would think there was something wrong with your eyes...5k for structural damage, good luck with that one, we ran as far as we could from that....but we have seen they do inflate their ARV, since we learned the hard way , we go through these deals with a magnifying glass, I knew I was not so picky, numbers do not lie.Another thing that caught my attention, which I do not know if I am overly suspicious now that I am older, but they want to get the closing for us at the same time/day they are getting the property from whoever they buying it, which it seems to me they try to save on the closing by having a "dual" closing when in reality is just 1 closing and we are the one paying for it...I do not know there are few things that do not click right with this folks.
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24 September 2024 | 12 replies
If you want to add as many doors as possible partner, if you want to build capital to reinvest down the rod sell the contracts.
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23 September 2024 | 33 replies
People usually have very strong opinions about Section 8.I only take Section 8 and have a portfolio of 27 doors.
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25 September 2024 | 22 replies
We now have 26 doors (19 with a partner, 7 just in my and my wife's name). 4x fourplexes, 2x duplexes, 1x triplex, 3 singlefamily
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23 September 2024 | 2 replies
There are 4 kids living next door and he lives with a child.
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24 September 2024 | 15 replies
I've only seen front door cam footage and this dog does not look like a service dog (perhaps emotional support)- as I used to work with dogs and service dogs are highly trained and responsive.
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24 September 2024 | 17 replies
Hi Shane, We currently manage about 500 doors in the Milwaukee area and use Appfolio.