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25 January 2025 | 24 replies
But thing is, I'm no STR "guru".
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31 January 2025 | 11 replies
No way I'll have taxes hanging over my head into October just because they're too busy with others to file on time.
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31 January 2025 | 0 replies
There will be no assessment for increase in taxes or insurance so remains at $1935.
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22 January 2025 | 0 replies
Poor or No Communication PlatformsEffective co-living communication platforms are characterized by:1) usability2) accessibility3) commitment of involvementThis can be done through house email lists, whiteboard, group texts, etc.
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23 January 2025 | 56 replies
And there was no limit.
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4 February 2025 | 1 reply
No STR regulations How did you find this deal and how did you negotiate it?
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24 January 2025 | 3 replies
Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.
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23 January 2025 | 4 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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24 January 2025 | 42 replies
No i have not seen this.