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17 February 2025 | 5 replies
Many PM contracts have an early termination clause, which could include a fee or require a notice period.
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4 February 2025 | 13 replies
Follow all safety requirements your Insurance Company plus city and county require.This usually includes childproof access and alarms.
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9 February 2025 | 47 replies
BP also sends an email after the webinar for you to watch a replay if you couldn't watch live, and the code is included there too.
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15 February 2025 | 17 replies
If you are considering long term holding always remember to include your reserves for cap ex, maintenance & vacancy.
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11 February 2025 | 4 replies
With all of our experience, including my husband being a residential drafter and designer.
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10 February 2025 | 8 replies
How many units are you including in the $67,200?
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10 February 2025 | 11 replies
Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T" ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario."
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16 February 2025 | 71 replies
One was a straight-up purchase, the other included a loan component.
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10 February 2025 | 12 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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1 February 2025 | 1 reply
This includes and is not limited to Sidney, Walton, Norwich, Otego, Bainbridge.