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31 October 2024 | 37 replies
High than expected operating expenses?
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1 November 2024 | 4 replies
And yeah, as time goes on, I'm getting better at holding fewer expectations and just letting everyone do their thing.
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30 October 2024 | 7 replies
We've analyzed the City of Detroit's 183 Neighborhoods and have posted hundreds of times here on BP that investors need to understand the Class of the Neighborhood that they are investing in, so their performance expectations will be met.DM us if you'd like to chat more:)
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1 November 2024 | 34 replies
@Rakumarudu Nijam Section 8 tenants take more time to manage as they are Class C or D and many don'[t want to lift a finger to do anything themselves - this includes filling out their own S8 paperwork!
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29 October 2024 | 5 replies
By being clear about your expectations and offering a fair financial incentive, you can increase the chances that the tenant will accept the offer and vacate the property without having to go through a formal eviction process.
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29 October 2024 | 19 replies
I pretty much tell my friends expect 12 to 15k in getting the cabin to where you want it for rentals.
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30 October 2024 | 16 replies
Here's some copy & paste advice we hope you find useful:----------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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29 October 2024 | 2 replies
so - if that aligns with your goals and expectations, great!
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29 October 2024 | 6 replies
Additionally, check with your CPA for any tax implications, even if you don't expect capital gains.
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1 November 2024 | 17 replies
@Kevin L.I think most tenants understand when a building is sold they can expect some changes, which usually includes rents going up.It's up to you on how you would like to handle the situation.