15 August 2024 | 33 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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13 August 2024 | 55 replies
We've also started to make some collective investments and have some other ideas in mind.Write me if you want to participate.Which other activities do you do in other groups or clubs in your own areas?
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19 August 2024 | 244 replies
It will not work here, it might save you a little time, but will just collect similar data which is not necessarily accurate.
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15 August 2024 | 86 replies
The rent from 4 houses covered the mortgage for 5 over the last 18 months I’ve been dealing with an appealed eviction and the court collecting and holding the rent.Everything I bought rented for 1% to 0.65% of the initial purchase price (more now).
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14 August 2024 | 26 replies
Also keep in mind that it can be hard to collect from tenants that don’t always have the means to pay their own rent if and when things happen.
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13 August 2024 | 3 replies
I also think the rules vary whether you collect other tenants rent or not.
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11 August 2024 | 7 replies
Getting leads through a SEO website cost the price of setting up a professionally looking website optimized for both SEO and for lead attraction and conversion.
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12 August 2024 | 4 replies
My previous bank would pay the taxes and insurance when due and collect those balances equally throughout the year.
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14 August 2024 | 12 replies
If you went to court you would be awarded money for their gossip that you'd likely never collect and you would be SPENDING MONEY to have a lawyer draft a NDA and to take them to court.
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13 August 2024 | 27 replies
Here are a few stats for the Jacksonville market and the rental portfolios we manage (over 4,100 properties):Property Management:- 98% rent collection- 672 homes rented with an avg duration of initial lease of 26.5 months - 581 leases renewed- Avg duration of resident stay of 54 months- Current occupancy 99%- Rents have rise 8% year over yearJax Market:- Med home sales price - $300k- Homes on market - 4,264- Home sold month prior - 1.17- Year over year appreciation - 15.7% I just did a Jacksonville Real Estate Market Update on our weekly show and I do it every quarter.