Paola Astrid
Newark NJ Property Management s8
26 December 2024 | 5 replies
Take ownership of your mistake and learn to do the proper due diligence recommended aboveš
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
26 December 2024 | 14 replies
That may increase your cost or limit the coverage you can get.The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.
Allen Masry
what happens to 500k
7 January 2025 | 21 replies
As long as you are in a decent area and do proper screening, you will be fine in NJ.Ā
Michael Palmer
Reasonable Construction Loan Terms
21 December 2024 | 10 replies
This is a huge mistake as there are other terms and lender administration processes that will have a far greater impact on how much cash is truly needed to execute on any given project and that's the cash amount borrowers should be aware of.How are interest payments handled?
Chris Yeung
Investing in Norada Funding's notes
19 December 2024 | 55 replies
This is just the start of a larger decline in a company raising money from investors without proper SEC fillings that is starting to not pay investors back.
Mark DiPietro
Anyone worked with Mario Cotto
28 December 2024 | 23 replies
Never heard of him.Make sure you perform proper due diligence.
Adam Ross
Property manager recommendations
24 December 2024 | 2 replies
Take ownership of your mistake and learn to do the proper due diligence recommended aboveš
Rae Chris
Properties, Networking, Advice,
2 January 2025 | 13 replies
: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.
Thomas Farrell
BRRRR with ~400k Capital
11 January 2025 | 15 replies
that weāve 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.
Craig Oram
JWB experience - My thoughts, let me know yours
30 December 2024 | 24 replies
The reason for thisĀ is there isĀ certainly a lot of heavy lifting of resources required by a property management team to bring on a new resident including rent collection, setting proper expectations, accounting and building a positive relationship in the first month.As far as the quick re-rent of your home, I was hoping that would be something in which you'd see the value of working with us.Ā