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24 February 2025 | 13 replies
This is also easy to say when I only have 5 properties / 7 doors.
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18 February 2025 | 43 replies
The income includes things like late fees, a rented garage, and utilities that are billed back to the tenant.
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20 January 2025 | 6 replies
I'm finishing up an ADU garage conversion in Downtown Sac and plan to do medium term rental for travel nurses.
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7 February 2025 | 11 replies
I spoke with a mortgage "quality auditor" recently who said he knocked on 600 doors last month.
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31 January 2025 | 17 replies
Doors open at 6pm for networking.
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28 January 2025 | 4 replies
Outside of the police report, I would just ensure all window and doors lock or functional.
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10 February 2025 | 6 replies
They are going for bigger fish than you (I think) but this would be an instance of something that opens the door for that for you.
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26 February 2025 | 17 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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29 January 2025 | 9 replies
I would look for a 2 bedroom 2 bath duplex with a one car garage for each side located between the two units and each front porch on the each end of the building.
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25 February 2025 | 7 replies
We aren’t very big, we only have 5 properties 7 doors, but the tax deductions as part of our business are a huge way to retain our income to reinvest and grow.