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.

➡️Manage existing portfolios.

I got great value from a $200 course on how to use Quickbooks for managing SF rentals. 

Now, I’m full-time with Zuma Capital Group (ZCG), a company I co-founded to focus on acquiring and managing multi-family real estate investments.

Their messenger makes it easy to manage a large volume of conversations so with our volume 1 VA manages it full-time.

@Ken Latchers how do you manage the security deposit?

Are these forums a good place to connect with managing partners for JVs or syndications?

However, I am unsure on how to go about finding the proper handyman/maintenance guy/management team to help run any out-of-state investments I make.

Multifamily properties can benefit from forced appreciation, where you increase value through renovations and improved management, potentially achieving 5% to 7% appreciation annually, especially if the rental market remains robust.

If they hire our management company, Premier Property Management, we have a very traditional fee structure similar to other management companies.