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5 February 2025 | 56 replies
Many of our clients, including myself, have done that.
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21 January 2025 | 4 replies
These documents include your operating agreement/ corporate bylaws, articles of organization, certificate of standing, and the EIN letter.
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26 January 2025 | 7 replies
For example, include thoughtful amenities like a welcome basket, free snacks, or local guidebooks.
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30 January 2025 | 7 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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28 January 2025 | 11 replies
Things to consider when buying a new build are appliances, fans, blinds, and back yard landscaping; sometimes we can get appliances included, it just depends on the situation.
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11 January 2025 | 7 replies
The notice should include the date of termination and the reason for ending the agreement.
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21 January 2025 | 2 replies
Our buy box specifically focuses on vacation destination accommodations - including boutique motel/hotel, campgrounds, treehouses, cabins, etc.
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17 January 2025 | 2 replies
Amenities include, laundry, assigned parking, and wifi available for each unit.
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18 January 2025 | 12 replies
Quote from @Caleb Brown: Someone else asked but what would market rents be including the extra storage?
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1 February 2025 | 22 replies
Include them even though they aren’t your competition.