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31 January 2025 | 42 replies
It also means you don't have to learn two different ways of doing things.
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6 February 2025 | 9 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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15 January 2025 | 5 replies
What matters more is how easy can you get there, how often will you be there to learn, how good is your team.
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28 January 2025 | 6 replies
You really have to learn the neighborhoods or work with a sales agent who does.
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30 January 2025 | 34 replies
Not sure if you have another property manager lined up but check out Rental Guys Property Management.
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17 January 2025 | 3 replies
To learn how to solve a relatable problem.
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5 February 2025 | 6 replies
Not sure if that’s true or not.
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7 February 2025 | 4 replies
I can definitely attribute a lot of my success over the last few years due to the connections I made on Bigger Pockets and the things I've just simply learned by listening to and reading all the great info available here!
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14 January 2025 | 5 replies
Good luck—I’m sure you’ll do great.Don’t hesitate to reach out if you have any questions; happy to help.
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7 February 2025 | 9 replies
I am excited to start building my portfolio and learning all I can.