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20 January 2025 | 11 replies
Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).
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28 January 2025 | 11 replies
Property management is also in place.
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29 January 2025 | 14 replies
I manage hundreds of rentals and most of them are caulked every 5 - 10 years.
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7 February 2025 | 7 replies
I'd recommend working with a good strong property manager that lives in that area that can check on them.
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4 February 2025 | 2 replies
I have managed to get myself into a bit of a complex situation on my first deal and I'm looking for some advice.
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29 January 2025 | 3 replies
What percentage of gross revenue does an owner typically keep if they do employ a property manager?
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29 January 2025 | 10 replies
Consider starting with house hacking to reduce housing costs while learning property management, or explore mid-term and short-term rentals for steady or higher income.
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27 January 2025 | 12 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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29 January 2025 | 1 reply
I stared using this site PropJump.com to find services providers for my 3 properties I own and manage.
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2 February 2025 | 10 replies
Just want to drop the message here, anyone located in Dubai or distanced managing properties there?