
30 December 2024 | 5 replies
Lease has double sided tape specifically cited that includes a charge for each instance.

29 December 2024 | 16 replies
Typical utility bills (which we include) are $100-300/month.

17 December 2024 | 8 replies
@William Kwong- it's been a while. we should grab coffee again.

28 December 2024 | 8 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.

24 December 2024 | 2 replies
We list what we include and do not include in the text portion of our advertising.

30 December 2024 | 14 replies
NOTE: Need to Know: Do the kitchen and bathrooms need updating (if yes, that cost needs to be included and your buy price needs to reflect that additional expense)

26 December 2024 | 5 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

26 December 2024 | 9 replies
If you are one of the few that aren't then you might want to include it.

28 December 2024 | 26 replies
It is VERY important for all of us including BP to constantly raise the bar in our industry and stand guard at the door of our wallets so we all can literally have bigger pockets!

24 December 2024 | 25 replies
@Thomas Polise has multiple STRs there, including one that is a four-plex in the middle of town.