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26 December 2024 | 2 replies
Keep in mind rent control is 1 thing, its a laws for existing tenants but some city's like Newark are so strict that you must get approval for what rent can be even after a tenant moves out and new ones move in.
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25 January 2025 | 26 replies
Generalists tend to get erratic sales here and there.Residential working with home owners is more of an emotional component versus investors is more about the numbers.
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12 January 2025 | 7 replies
@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.
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14 January 2025 | 4 replies
Exceptions include delays caused by factors outside the Subcontractor’s control (e.g., weather, material delays).5.
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8 February 2025 | 80 replies
Most only see problems, ever so few see the opportunities and remove emotions to follow the math.
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5 February 2025 | 29 replies
.- The owner has full ownership and control of the property and can make all decisions such as when to sell, or may decide to operate the property according to their own wishes even if those wishes are against the recommendations of the property management company.
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18 January 2025 | 3 replies
They agreed to pay in accordance to the lease and failure to manage to the lease is the #1 reason why landlords fail (Source: American Apartment Owners Assn).Cowboy up and stop having the tenant control your ROI.Best.
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6 February 2025 | 42 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
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18 January 2025 | 2 replies
I also like contractors that have packets that allow you to pick out the stuff that you want to use for that project, which reduces the quality control process..
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16 January 2025 | 7 replies
I didn’t control my money, it controlled me.