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16 January 2025 | 3 replies
And are insured properly.
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11 February 2025 | 183 replies
A renter in my area would pay the exact same amount for a brand new manufactured home as they would a stick built (they probably wouldn't know the difference since its put on a proper foundation anyway).
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25 January 2025 | 18 replies
I can have multiple one use code for contractors so I can control access without physically going there.You do not need to carry the key, just need to keep track all codesMain disadvantage is that the locking requires the door to close properly, otherwise the tenant may not know the door is not licked.
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18 January 2025 | 4 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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25 January 2025 | 7 replies
There are two items that you need to completely solve this problem for your rehabs: properly built Design Boards and a Finish Schedule.
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29 January 2025 | 9 replies
im in Orange County CA and there is a huge market here for room by room rentals here. i've been doing this for quite some time (over a decade now), and it certainly has its pro's and cons. my advice if you go about this is make sure you do proper vetting before moving someone in... not only for financials/ credit-worthiness, but also for temperament and expectations in a co-living space. we ask a lot of questions like "how do you handle conflict?"
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25 January 2025 | 12 replies
Finding someone with the expertise to screen and place tenants properly is rare.
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14 January 2025 | 7 replies
If the tenants don't care for the pool properly, it could cost you thousands to fix.
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29 January 2025 | 22 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 January 2025 | 1 reply
But, know what you want to accomplish beforehand.Creative Finance is a great way to buy properties when done properly and lawfully.