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26 January 2025 | 17 replies
Can you imagine what that review would sound like?
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28 January 2025 | 10 replies
Hi Amir, when studying different neighborhoods in my market I like to use quantmaps.
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26 January 2025 | 3 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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1 February 2025 | 3 replies
Here are some trends that could play out, or further develop in 2025.Leasing & Tenant Experience AI-Powered Leasing: Chatbots and AI tools will streamline leasing processes, from answering tenant inquiries to scheduling tours.Virtual Tours & Digital Leasing: These will become even more standard, making it easier for tenants to rent remotely.TechnologySmart Property Management: IoT devices (smart locks, thermostats, etc.) will become more common, improving efficiency and tenant satisfaction.Property Management Software: Platforms will integrate more AI for predictive maintenance, rent collection, and financial reporting.SustainabilityGreen building practices and energy-efficient upgrades will be a major focus, driven by tenant demand and potential incentives.AI & AutomationAI will play a bigger role in tenant screening, rent pricing optimization, and even predicting market trends.Automation will handle repetitive tasks like maintenance requests and lease renewals, freeing up PMs for higher-level activities.I'm sure there are plenty more shifting trends that I haven't mentioned and that are sure to evolve over the next year.
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30 January 2025 | 3 replies
A more likely situation is you’d have to offer AT LEAST 7% to her, making your payment $1830 and your payoff in 3 years $265k.
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29 January 2025 | 12 replies
There's nothing that prompts inaction like uncertainty (in fact, hinting at demanding a stable 11 cap, one might argue, is a form of effective inaction, since we know how hard that is to find). - Substitute goods.
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25 January 2025 | 25 replies
STR feels more like a strategy to break even or eek out a meager return on a great asset than a strategy to cashflow.
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6 February 2025 | 6 replies
It is cheaper, in general, to sub out like you say but if you have no experience sequencing the work and talking to subs you may be scarring them off.
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27 January 2025 | 6 replies
You can read all the books, attend all the seminars and gain great insight from others, however nothing teaches like real life experience.
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2 February 2025 | 2 replies
With Tiny Homes, a person can get all the upgrades that want like that in a larger home.