
19 October 2024 | 4 replies
@Jackie Liu you probably have enough info to deny their application, but if you want to continue to try to approve:1) Ask applicant for copies of their lease(s) to support they've been there for 4 years and who PMC is.2) Get 2023 W-2 to see what address is on it3) Ask them to obtain and provide you with their FULL electricity account history.

24 October 2024 | 10 replies
I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

18 October 2024 | 6 replies
I have been in discussions with someone that specializes in SEO and lead generation for real estate investors, vetted him through references, and he seems to be as advertised.

18 October 2024 | 1 reply
hey everyone,i’m a developer with a big interest in the real estate space, and right now I’m digging into how tech can better support agents like you. i’d love to hear about the challenges you face when it comes to finding clients.what are the pain points in your client acquisition process?

21 October 2024 | 21 replies
Ultimately, forming connections with local investors can be a game changer, providing you with the mentorship and support you need to thrive in unfamiliar markets.

19 October 2024 | 7 replies
They didn’t have the local knowledge or support system in place, and it quickly turned into a nightmare... constant vacancies, high eviction rates, and repairs that drained their cash flow.

19 October 2024 | 25 replies
This bipartisan proposal responds to the urgent need for new housing, with estimates suggesting a shortage of up to 5.5 million units nationwide.Legislation like the HOUSES Act, which has received bipartisan support, aims to unlock millions of new homes by using underutilized federal land.

19 October 2024 | 0 replies
Social Media and Digital Marketing: Invest in virtual tours, high-quality listings, and digital advertising to reach a wider audience.

18 October 2024 | 7 replies
All an agent should do for you is list the property to generate showings => to generate applications, that YOU then screen.Now, they may actually be asking you want screening criteria you want them to advertise, which is fine.Can't answer your question though, without knowing if this is a Class A, B, C or D property - as they will all have different criteria.Here's a sample of some of what we use in our Metro Detroit market:Class A Properties: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: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:Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

22 October 2024 | 23 replies
They would start a new business or find some other high risk/high reward investment opportunity, but one advertised with a greater than 2-3% success rate.