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24 January 2025 | 3 replies
@Chantelle LewisRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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9 February 2025 | 173 replies
I notice that you comment on almost all Roofstock related posts usually to defend Roofstock.
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15 January 2025 | 12 replies
*This post does not create a client relationship.
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10 February 2025 | 6 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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18 January 2025 | 15 replies
Hopefully this gives you some direction.
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29 January 2025 | 9 replies
This helped our CPA know exactly what transactions related to the house.
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1 February 2025 | 15 replies
Can this be done inside a solo k while also using funds from inside the same solo to do rehab?
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28 January 2025 | 8 replies
This would allow us to come to the table with less funds out of pocket on the front end when starting construction.Is the best way to complete the transfer of ownership through a traditional sale registered with the county?
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15 January 2025 | 15 replies
This is something I aim to understand more about.
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30 January 2025 | 8 replies
Mom’s estate plan should probably address this separately from you.