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26 January 2025 | 14 replies
Hi @Laura Kreinbring, you can give them 30 days notice before their lease ends (written via email & a letter on their door) stating that you will not be renewing their lease.
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20 January 2025 | 242 replies
I've also been directly in touch with a "fronter" in their Ontario, CA office who described the pressure-cooker type of environment, revolving door and nonstop lying.
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29 January 2025 | 22 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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10 January 2025 | 67 replies
I haven’t seen any longer term studies done, only promotional info when the RE market was generally rising.
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10 January 2025 | 4 replies
@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.
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6 February 2025 | 28 replies
Every state is different but what if you added additional egress doors/staircases?
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7 January 2025 | 3 replies
Each of the 5 warehouses on this campus will require updates (construction of offices/bathrooms, roof repairs, paint, siding repairs, new penetrations for doors, updates to electrical, insulation, and extension of water and sewer).
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30 December 2024 | 6 replies
Mixed-Use Developments with Green DesignsEco-conscious development is on the rise.
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21 January 2025 | 59 replies
It’s on MN (out of state to me.) and I had to get a pair of garage door springs replaced.
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9 January 2025 | 44 replies
But is in a rise of land so it has a broad view down the valley.