Zach Schofel
RE Developer and Proptech based in NYC
29 December 2024 | 2 replies
On the RE side - I own/developed 2,000 residential units across the United States focusing on opportunistic residential acquisitions and development, including student housing conversions and luxury multifamily development.On the startup side - it is a third-party guarantor platform that expands your renter pool, increases rents and occupancy, and ultimately boosts your NOI while broadening affordable housing options for renters.
Andrew Schaff
Hello BiggerPockets! New PRO here
14 January 2025 | 7 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
John Voychick
Do not use Suncoast Property Management in Jacksonville
4 January 2025 | 29 replies
Just because they included that clause in their contract doesn't make it enforceable.
Morgan Iacolucci
DADU opportunity but primary home has tenants & Seller wants buy-back provision
7 January 2025 | 3 replies
@Pat Aboukhaled I would ULS (unit lot segment) the primary house and include a clause in the call option that would prevent them acquiring the DADU.
Kin Lay
How to transfer my share of the house to my brother?
14 January 2025 | 5 replies
Hi Kin,Transferring your share of the property to your brother may have tax implications, including gift tax if the transfer is considered a gift.
Kyle Carter
Ohio Legal Considerations for Rentals
3 January 2025 | 2 replies
Once the tenant applies for the unit, you'll have to work with the tenant and Section 8 to get approval, which always includes an inspection of the unit.
William J Anderson
Introduction and Seeking Advice on T-12s
27 December 2024 | 8 replies
I know they’re an essential tool for analyzing a property’s financial performance, but I want to ensure I’m approaching them correctly.Could anyone share examples of what a good T-12 looks like or highlight key items I should make sure are always included?
Janet Behm
Corporate Transparency Act (CTA) under PRELIMINARY INJUNCTION
23 December 2024 | 2 replies
This decision effectively reinstates the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements nationwide, pending the Department of the Treasury’s appeal resolution.Click herefor the full article which includes the new reporting deadlines.
Ezra Avery
Hello & Thank You
7 January 2025 | 5 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.
Ricardo Garcia
Truebooks CPA - Feedback
9 January 2025 | 46 replies
And $5,000 poorer.Over the course of our relationship, we barely used 10 hours of their time, including the onboarding, the meetings and email communication.