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30 January 2025 | 5 replies
Do a bit of digging, and you can find single-families in suburbs like Decatur or Meridianville that appreciate at rates above the statewide and nationwide average and hit the 1% rule at the same time.One caveat, though, is that most rentals in Huntsville proper probably aren’t going to deliver the cash flow you’re looking for.
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9 February 2025 | 32 replies
Conversely, On homes I have wanted to expand, I have removed closets from bedrooms in order to label these as studies or offices, so that I could build additions that are labelled "bedrooms" (customized to my needs), in order to avoid the requirements of expanding a 2 car garage to a 3 car garage (a local requirement when building beyond 4 bedrooms).
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6 February 2025 | 34 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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12 February 2025 | 7 replies
The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.
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27 January 2025 | 2 replies
A lot of the popular areas in Charleston proper that are not licensed under the old laws now require the owner to live on the premises to obtain an STR license.
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1 February 2025 | 1 reply
You can review your HOA's governing documents, also known as the CC&Rs, to understand the proper procedures.
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10 February 2025 | 12 replies
I had over 200 sfrs in jackson proper all C and D class U want to think they are B s but not really in all but one area of the city of Jackson and a ton of section 8.. those were a nightmare..
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27 January 2025 | 1 reply
Crossing the lines may not provide proper liability protection.Personally, I just kept my SF rentals in my name and got excellent insurance coverage, $500K per property plus a $2M umbrella.
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8 February 2025 | 10 replies
As long as you follow the guidelines properly, it's not an issue.
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27 January 2025 | 0 replies
The ownership structure as indicated on the title must match the named insured on the policy to ensure proper coverage.