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13 February 2025 | 14 replies
I've looked into 6+ including calling and experiencing the customer service myself and have not found one that seems reliable.
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18 February 2025 | 0 replies
Although, I completed several gut renovations including garage conversions, in the past, I recognize that this is a different beast.
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11 February 2025 | 0 replies
Some areas to pay attention to include:*Kitchen and Bathrooms – These rooms yield the highest return on investment.
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7 February 2025 | 11 replies
Knowing the laws ahead of time and the process is very important but just know that lateness's are part of the game we play.
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22 January 2025 | 1 reply
The Importance of a Great Real Estate Agent: A Personal Paradigm ShiftI got my real estate license a while back, and I always heard people talk about the importance of "bringing value" as an agent or broker.
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13 February 2025 | 1 reply
However, it’s important to account for vacancy (5-8%) and maintenance (5-10%), as these can impact your net cash flow (if these weren't included in your cost calculations already).
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18 February 2025 | 22 replies
Verifying last 2 years of rental history very important!
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7 February 2025 | 6 replies
I just include the utilities in the rent.
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9 February 2025 | 3 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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18 February 2025 | 0 replies
The rents simply do not cover the mortgage and expenses.That raises an important question: who is actually buying these properties?