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7 January 2025 | 0 replies
Were revenues as high as you expected them to be?
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8 January 2025 | 11 replies
High rental demand for room rentals in Hyattsville and College Park.
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28 December 2024 | 8 replies
Especially when there was far wealthier people than me spectating my journey, and probably highly successful and well to do people here reading this.
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7 January 2025 | 5 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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17 January 2025 | 21 replies
The accuracy is surprisingly high and a bit saddening.
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4 January 2025 | 9 replies
The only exception I use is when the property is a high-end unit.Informative title makes your property look like a cheap business but it is still way better than common titles like cute, adorable, cozy.If you are charging over 1k per night, I think it is better to give more high-end title like Stay with 30,000 trees, tingle your inner artist with lake front retreatJust my opinion :)
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7 January 2025 | 8 replies
But, I don’t think that should be a very high bar for you especially if you are already studying and researching this at 18 years old and you don’t plan to buy anything until 2-3 years from now at the earliest.
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5 January 2025 | 7 replies
My accountant was charging $100 each which I thought was a little high they are very simple if you have an easy platform .
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12 January 2025 | 21 replies
@Taylor Daschyes, we used propstream with our own custom design. not handwritten but a high quality photo.
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3 January 2025 | 4 replies
We rent to plenty of S8 applicants; I've always believed the standard of care they exude is as high if not higher than "market" applicants because they'll get kicked out of the program if they don't.