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12 February 2025 | 20 replies
This "failure" opened the door for a few other things that have come about!
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14 January 2025 | 3 replies
Maryland is one of only a handful of states that does not require Property Managers to have a license from the Real Estate Commission, although it is optional.Also, selfish plug, I am fully licensed and run Blue Door Residential Property Management and am happy to speak with you.
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12 February 2025 | 43 replies
There were hardly any cabinets and a door had been busted open where someone broke into the house due to it sitting vacant for so long.They apologized for the lack of communication and assured it would be better but I have had no calls or emails returned again.
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20 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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6 January 2025 | 3 replies
Another single family house had two front doors and they assumed it was 2 units, it was not.
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17 January 2025 | 19 replies
I would warn you though as soon as you give an inch, the next month if rent is not paid on time you may have opened up a door of forgiveness that was not intentional.
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6 January 2025 | 5 replies
. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.
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12 January 2025 | 7 replies
Beyond that, networking with other investors in the mobile home park space could open up some doors for partnerships or additional funding ideas.
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11 January 2025 | 20 replies
We go above and beyond when it comes to protection.. starting with insurance coverage, sings in the listing and in the property that there is no guard on duty (as silly as that sounds), putting extra locking device high enough so youngsters can't reach, an alarm/beep system to alert them that door opens for those with small children (or elderly) so they cannot wander out in the backyard with no one noticing and risk drowning.