Camille Romero
Real Estate Advice Needed
22 January 2025 | 31 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.
Steve R.
Evicting tenant who's made partial payments. Do I need to give them 30 day notice?
18 January 2025 | 3 replies
Hello, I have a tenant that has made partial payments in the last 3 months and I want to begin the eviction process.
Jim Lynch
Minimum "boxes to check" for tenant screening, assuming you are self-managing
31 January 2025 | 6 replies
Our minimum Standard is 620 credit score, 3x rent in monthly income, no prior evictions, and last 3 landlord good reviews.
Lisa Albright
Rehab personal home taking funds from rental property equity
13 January 2025 | 8 replies
Consider the "2 of the last 5 year rule" to avoid capital gains.
Kristin Mathern
Asking for advice on tenant locksmith situation
30 January 2025 | 13 replies
@Kristin MathernI would pay it given no keys were provided, it wasn’t specifically addressed/mentioned in your lease, you were provided the opportunity to address/fix yourself with a 25-30 dollar replacement from Lowe’s/Home Depot, and lastly, it was an existing situation that could have been avoided/prevented at move in.
Kristen Haynes
Charlotte is expected to grow leaps and bounds in the next 25 years
25 January 2025 | 2 replies
., (312,810 to 481,714 people), Union (269,572 to 481,612), and Iredell (212,583 to 335,056 ).County growth in the Charlotte region.A historic jumpIn the last 25 years, more than 962,000 people moved to the Charlotte region.And, as always, if you have any real estate investing questions, I'm here to help!
Ryan Napman
New BP Member - Canadian Resident
22 January 2025 | 7 replies
I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.
Kyler Tarr
Knob and tube wiring
27 January 2025 | 18 replies
If the insulation is in decent shape and not covered by combustible insulation, and not terribly overloaded, it might last many more years.
Heidi Kenefick
Organaizing finances- baselane vs Rentastic vs avail vs rentredi?
21 January 2025 | 40 replies
I've used Avail in the past, but switched to Baselane last year.
Chris Magistrado
Cybersecurity, Recruiting, or Real Estate?
14 January 2025 | 3 replies
Lastly, always keep your job and build your employment foundation because that keeps you income relevant and lendable.Hey thanks for your reply!