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21 January 2025 | 4 replies
File an eviction with the court and provide the proper notices (e.g., 10-day notice to pay or vacate for nonpayment of rent).
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24 January 2025 | 0 replies
Proper research, budgeting, and a well-thought-out strategy are key to minimizing risks and maximizing returns.In the end, BRRRR is an active investment strategy that, when executed correctly, can lead to long-term wealth creation, a steady stream of rental income, and a scalable real estate portfolio.
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7 February 2025 | 14 replies
They will give you a few minutes of their time and tell you if their products are right for you.
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22 January 2025 | 203 replies
And there is a lot of superior options out there in both product and methodology.
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7 February 2025 | 12 replies
@Nicole ShoafYou are correct and have equity locked up in those units, a good lender can give you options on HELOCs or other loan products that could help get some equity out without selling.
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12 January 2025 | 28 replies
Get an attorney and get these losers out then hire a property manager to properly vet any future tenants!
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6 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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6 February 2025 | 13 replies
And proper screening prevents those people from even renting your place.
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14 January 2025 | 4 replies
You want to make sure they are properly installed and you don't want tenants moving large appliances in and out of the house as it will cause damage.
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31 January 2025 | 29 replies
I have looked at other coastal markets that are less expensive than Charleston proper.