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23 February 2025 | 80 replies
As a masters degree project 50 years ago I analyzed the Detroit real estate market in 1974.
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23 January 2025 | 10 replies
Talk to property managers and see if they would manage the other units.
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28 January 2025 | 1 reply
Please no politics here, just looking for guidance on what may happen based on your insights so I can manage my bsusiness.
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7 January 2025 | 3 replies
@Gary Abrams A cloud based solution would work really well in your scenario of having other family logging in and helping with management.
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27 January 2025 | 8 replies
That should really be the deciding factor...is it necessary and a large enough project to include the permit process?
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24 January 2025 | 6 replies
I live in a small rural town in MissouriIts an airbnb but I've had people from a solar plantation project in there for the last 5 months renting out at 2250.
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28 January 2025 | 1 reply
Coldwell Banker Commercial Fisher Group, Fisher Management Company.
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13 January 2025 | 1 reply
I had a project last year that a sub hit a conduit that was marked out and the utility made a claim many months later.
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31 January 2025 | 3 replies
I’m also curious about the pros and cons of managing short-term rentals versus long-term tenants, especially for clients who are new to real estate.I’d love to hear from those of you who’ve been down this path before.
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1 February 2025 | 2 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.