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26 January 2025 | 48 replies
Interesting, I did not have the issues on mine when I first used but it take a while to get them confirmed.
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1 February 2025 | 2 replies
If you see a bunch of title issues (multiple mortgages, liens etc) the approval will be more difficult.
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5 February 2025 | 5 replies
I am not aware of any issues with using third-party screening services.
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3 February 2025 | 3 replies
Is anyone aware of any of a property management tool that allows PMs to give discounts to tenants who enroll in autopay (similar to how major US phone providers like do these days)?
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29 January 2025 | 2 replies
the additional of richenbacker airport, and the Ohio river really make the freight and logistics passing through a major economic driver, but its far from the only one.
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29 January 2025 | 3 replies
its an insurance issue. not much else to do..
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13 January 2025 | 31 replies
I do the majority of my leasing on Facebook and Zillow and I never ask for an ID.
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22 January 2025 | 20 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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6 February 2025 | 4 replies
Quote from @Don Bessette: I have a 30 plus year tenant that can not keep up with maintaining their unit, it is filthy inside and in desperate need of renovation, all systems are in good repair and I respond very quickly when issues are brought to my attention.It is also well below market rent, and they struggle to pay the current rate.Looking for suggestions on how to gently proceed with the notification to move.
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29 January 2025 | 0 replies
So we shall elucidate five myths and truths about investing in them.Myth 1: Distressed Properties Are Always Money PitsMost people think that distressed properties require major renovations, which wipe out profit returns.