Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 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.
Ryan Goff
Grocapitus - Anyone have experience with them?
11 January 2025 | 168 replies
Its seems to be the MO, 3-5 years then new company.
Mark Sullivan
Add to the Portfolio or Swap
5 January 2025 | 11 replies
That said, if you can afford it and have the reserves, and more importantly think you have a decent chance of increasing revenue with the vacant units then I'd probably go for it.
Joseph Hossenlopp
Minoan to furnish rental properties
17 January 2025 | 27 replies
They make ordering items from different companies easy, and you get discounts from each store that has partnered with them.
Sabian Ripplinger
should i use hard money to grow quicker
15 January 2025 | 3 replies
Call up a couple companies.
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
I think you can model a decent double digit return but how do you transition to actually pulling money out?
Kyle Fitch
Why Real Estate Over Stock Market?
6 January 2025 | 57 replies
Are you aware that over 80% of Wall Street / Stock market companies DONT last that long?
Jamison Haussman
Property Management in OKlahoma City area?
10 January 2025 | 10 replies
We moved to Integrity over a year ago when the company we were with closed down.
Eric Miller
Better to have one $600k property at 70% LTV, or four $300k properties at 95% LTV?
27 December 2024 | 13 replies
Assuming these are in decent areas, this is the best solution.
Asim G.
Extra Tenant Fees charge by Phoenix Property Managers
14 January 2025 | 5 replies
It’s true that many property management companies are now incorporating tenant benefit packages as part of their offerings.