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29 January 2025 | 10 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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13 February 2025 | 14 replies
And proper screening prevents those people from even renting your place.
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17 February 2025 | 40 replies
Hey Ray, While we here at Apartment Investor Pro don't have any official relationship with RaiseMasters or Hunter just yet, we do get referrals from Raisemasters to help members get their capital raising websites built.
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5 February 2025 | 18 replies
Validate their Legitimacy:Ensure the company is properly licensed and regulated, particularly if you're working with private lenders.
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29 January 2025 | 6 replies
One thing I’d stress is the significant difference between Detroit proper and the surrounding metro areas.
8 February 2025 | 89 replies
And his direct employees are allowed to sell these notes if they were registered and disclosed properly..
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30 January 2025 | 5 replies
Do a bit of digging, and you can find single-families in suburbs like Decatur or Meridianville that appreciate at rates above the statewide and nationwide average and hit the 1% rule at the same time.One caveat, though, is that most rentals in Huntsville proper probably aren’t going to deliver the cash flow you’re looking for.
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31 January 2025 | 6 replies
As mentioned mold needs moisture and the best way to get rid of moisture is proper air ventilation.
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23 January 2025 | 3 replies
Here in TN we issue POQ within a couple of days of rent being overdue, usually giving them 14 days to correct before official eviction proceedings start.
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5 February 2025 | 15 replies
@Britt Abbey perhaps the dryer is not functioning properly and so has to be used 10x more than washer.