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16 January 2025 | 78 replies
So, they got taken advantage of.4) They didn't do enough research on comparable properties before doing repairs - so went either overboard or slumlord, instead of properly Maintaining to the Neighborhood.The other challenge we encounter often is investors expecting perfection.
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16 January 2025 | 8 replies
Under federal law (ADA and FHA), true service animals and emotional support animals are exempt from pet fees, deposits, or rent, but the tenant must provide proper documentation if requested.
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9 January 2025 | 1 reply
So, questions: (1) How do I properly introduce myself role when calling a seller and cash buyers?
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8 January 2025 | 27 replies
But we can only assume since you stated this does not have to be disclosed because the work has been repaired, that you have confirmed the reapirs were done properly and in acccordance with any and all codes.
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8 January 2025 | 0 replies
If want to chat more, please let me know and I can make the proper connections.
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12 January 2025 | 12 replies
If you don't know how to do this properly it can be detrimental.
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26 January 2025 | 43 replies
Buyer may elect to treat this Contract as canceled, in which case all Earnest Money received hereunder will be returned to Buyer and Buyer may recover such damages as may be proper.
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15 January 2025 | 14 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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8 January 2025 | 6 replies
Definitely screen properly and don’t cut corners!
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11 January 2025 | 15 replies
If anyone who is knowledgeable, please chime in so I can relay such information to my friend so they can have proper step to follow.