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26 October 2024 | 50 replies
It's tough to compete with a 3 bed SFR with private outdoor space with the same rent unless the community is highly amenetized/well kept.It's a great pocket of the metro to try to hold if you can.Hope this helps!
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22 October 2024 | 15 replies
Each state or big metro area across the country has a group with members/leadership that help keep everyone together and connected.
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18 October 2024 | 0 replies
The largest rent increases were seen in Cincinnati (+3.4% YoY), DC Metro (+2.9%), NYC Metro (+2.8%), and St.
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21 October 2024 | 13 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
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20 October 2024 | 32 replies
I'm looking into purchasing a Tax Deed(s) in metro Atlanta, Georgia.
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17 October 2024 | 8 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
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16 October 2024 | 4 replies
However after being directed to Metro Water, They mention that the nearest services, are a 1000 ft away.
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16 October 2024 | 0 replies
The September 2024 report from the Austin Board of REALTORS® (ABoR) shows housing prices in Austin and the greater metro remained fairly stable over the past 12 months.
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18 October 2024 | 7 replies
All an agent should do for you is list the property to generate showings => to generate applications, that YOU then screen.Now, they may actually be asking you want screening criteria you want them to advertise, which is fine.Can't answer your question though, without knowing if this is a Class A, B, C or D property - as they will all have different criteria.Here's a sample of some of what we use in our Metro Detroit market:Class A Properties: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: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:Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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16 October 2024 | 2 replies
Been buying in Little Rock metro area for the last 7 years and SW has been one of our main areas.