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3 February 2025 | 15 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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25 January 2025 | 0 replies
We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).
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23 January 2025 | 2 replies
Contact me PlzPS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.
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4 February 2025 | 17 replies
Unemployment was high but I had savings and managed to find work.
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7 February 2025 | 14 replies
Quote from @LaShon Evans: I manage 400 rentals and own 33.
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4 February 2025 | 3 replies
Hey Adam,I’ve been in the Tampa real estate game for 20 years as an investor and owner of a property management company.
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8 February 2025 | 8 replies
If the negative cash flow is manageable and the appreciation potential is strong, it could be a smart move.On the other hand, investing out of state allows you to enter more affordable markets with strong, steady returns, helping you to build a diverse portfolio over time.
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8 February 2025 | 3 replies
I downloaded the forms packet from the management section of bigger pockets and didn't see a template for an eviction notice.
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8 February 2025 | 0 replies
Our proposed plant will utilize advanced technology to process these tyres into valuable reusable materials, including:Crumb rubber: Used in various applications such as road construction, sports surfaces, and molded products.Tyre-derived fuel: A sustainable alternative fuel source for industrial purposes.Steel wire: Recycled and reused in manufacturing.Investment HighlightsStrong market demand: Growing environmental awareness and increasing landfill costs are driving demand for tyre recycling solutions.Sustainable business model: Our plant will contribute to a circular economy, reducing waste and conserving resources.Advanced technology: We will employ state-of-the-art equipment and processes to ensure high efficiency and product quality.Experienced team: Our management team comprises industry experts with a proven track record.Attractive returns: We project strong financial performance and offer competitive returns on investment.Call to ActionIf you are interested in learning more about this exciting investment opportunity, please contact me to discuss further.
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29 January 2025 | 2 replies
Don't change jobs or income yet.Once you do and you think you can manage the payments based on your new income, maybe once you get the rooms rented.Then if you want to switch there are plenty of opportunities.