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25 October 2024 | 23 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 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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20 October 2024 | 84 replies
Now why in the world would I do my tenant(s)'s job?
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24 October 2024 | 33 replies
It's the landlord who ends up cleaning the tenants ranges and scrubs out their bathtub; typically while the tenants sit in the living room and watch TV (ask me how I know).It's not a two partner job.
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23 October 2024 | 13 replies
By nature of his work, he knew who did good jobs and bad jobs - he was there inspecting homes and saw who did what.I have retooled this list over time.
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24 October 2024 | 7 replies
Do a good job interviewing them because sometimes Realtors will say they are investor friendly when in reality they are just using that as an advertising ploy.
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24 October 2024 | 7 replies
There's so many catalysts for population and job growth (Intel, Honda, Amazon, Nationwide Hospital, etc).
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24 October 2024 | 1 reply
It is job if your doing it correctly.
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25 October 2024 | 9 replies
Property management is a tough job, especially for OOS.
23 October 2024 | 9 replies
I don't tip in the traditional sense, but I'll round up to the next $50 increment if they get to something quickly or are working after hours/weekends to get to my job faster.