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23 January 2025 | 30 replies
I feel bad that she is lonely, needs attention, and sounds like she has had bad experience with her past investments.
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2 January 2025 | 3 replies
I know it can feel like uncharted waters at first.
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29 December 2024 | 9 replies
The data points they use made me feel like it got my pricing right and I feel much more confident about what my nightly and seasonal rates are now.
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7 January 2025 | 12 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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11 January 2025 | 67 replies
Best of luck on the investment journey, feel free to reach out if I can be of any assistance!
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31 December 2024 | 14 replies
And considering I think a person who puts in plain black and white that integrity and character of the operator are key -- and then does something underhanded and incompetent is just mind-boggling to consider -- so I'm only left with a negative feeling about the documents these darned attorneys dream up!
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3 January 2025 | 3 replies
Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.
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3 January 2025 | 26 replies
Feel free to reach out with any questions.
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2 January 2025 | 8 replies
Be prepared for the learning curve with Detroit—it’s rewarding but comes with its fair share of challenges.If you’d like more specific guidance or have questions, feel free to DM me.
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24 January 2025 | 36 replies
no one, including my score, is going to be much higher.