
30 November 2024 | 0 replies
A good broker maintains relationships with various funding sources, including individual investors, investment groups, and financial institutions.

1 December 2024 | 93 replies
Force yourself to be as concise as possible and to limit the size of the pitch deck, investors will appreciate this and will likely view you as more credible if you include all of the key data i.e.

2 December 2024 | 35 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

3 December 2024 | 3 replies
Also make sure you understand everything about adding an ADU including value of the ADYPU, financing, impact from rent control, duration between initial expense and initial income, true cash flow (know the 50% rule, at 50% rent ratio initial property tax will be near 20% of income)- educate.

29 November 2024 | 1 reply
Have contracts that provide working days per task and include the overall construction schedule.

30 November 2024 | 4 replies
Here’s what I do with my rentals:I either have tenants split the utility bills or include a clause in the lease that states if the gas or water bill exceeds a specific amount ($X), the tenant will be responsible for the overage, provided there are no leaks or other infrastructure issues contributing to the high usage.To determine this $X amount:Water: I take the highest water bill I’ve had over the past year (excluding periods where leaks occurred) and add about $15 to account for small fluctuations or potential increases.Gas: For gas, I calculate the median bill during the winter (when usage is highest) and the median bill in the summer (when usage is typically lowest).

29 November 2024 | 17 replies
Hey Brian / everyoneThe price includes shipping :)Wow - that's a deal.

27 November 2024 | 26 replies
Why would you include internet in rent?

4 December 2024 | 30 replies
This also includes a few credit cards that are used for business expenses.

7 December 2024 | 14 replies
I started keeping an event journal to remind me of issues or unique incidents that impact the income/occupancy of each property, including maintenance block-offs.