Jacklyn Robins
Trouble renting units in Cincinnati
7 January 2025 | 24 replies
As you are finding out, it is so local that the next door building effects your investment.
Tim Wiesemann
2025 Goal To Start Using BP
13 January 2025 | 0 replies
Small investor with 5 properties (10 doors) and made a 2025 goal to start using more of the features of BP.
Chris Lo
Platforms for landlords
7 January 2025 | 3 replies
They can't assess all the subjective data like overall layout, view from the living room window, the dogs next door that bark all day, the width of doorways, size of individual rooms, quality of kitchen cabinets and appliances, etc.The best thing to do is study your market regularly.
Taylor McClure
I’ve heard of buying pre-foreclosures, anyone have experience?
5 January 2025 | 7 replies
I'm in a team who does these deals and we have a team of "door knockers" who go back weekly till the auction, they file bankruptcy which only delays 3+/- months 100% chance that the lender will as that their mortgage is removed from the bankruptcy they file NOD yet again.
Eric Maxwell
1st time landlord
9 January 2025 | 1 reply
A buddy of mine up in Omaha once inherited a tenant who refused to let inspectors through the door.. ended up pushing back renovations for a month and racking up costs like you wouldn’t believe.
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
Pack their items, change front door locks and give new locks to other tenants.
John Kim
Anyone Have Experience with Section 8 in Detroit?
30 December 2024 | 18 replies
I own 12-doors in Detroit and 3 of those are rented to section 8 tenants.The best areas for S8 tend to be C Class neighborhoods.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
A little background about me, I have just over 200 doors in my current portfolio and our company manages just over 250 doors for third party investors in addition to those.
Jason Mitchell
New Detroit Rental Investor
8 January 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.
Erik Applegate
Management by Room / Apartment Complex
4 January 2025 | 8 replies
I think your demographic might be more hotel people rather than families.I would also still go with smart locks on every door.