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2 January 2025 | 13 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊Please send us any feedback via email, as we do not use the DM feature here.
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31 December 2024 | 3 replies
Do they have the proper insurance and licenses?
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15 January 2025 | 29 replies
Keep in mind that I am selling them as affordable fixer uppers and usually only address any health, safety, and functionality issues.
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26 December 2024 | 2 replies
Make sure you have properly served the notice and you have "Proof of Service" properly filled out.Â
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8 January 2025 | 10 replies
Our life is complicated and I work a complicated stressful job, but if we’re being honest, I also don’t have time for renters, but I somehow make it work and I personally think it pays off.Mtg: 1800Rent: 2900Owe: 200Rate: 4.5 I thinkSell Price: est. 450-460No other rentals except an in law suite on our current primaryFuture goals: would love to use this properly to buy other properties to get out of the corporate rat race.Â
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14 January 2025 | 10 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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23 December 2024 | 34 replies
They are rules of thumb we use to function day to day because the FACTS are too needlessly complicated to use to make every decision in life.
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1 January 2025 | 6 replies
Start sending the proper notice allowed by law.
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17 January 2025 | 40 replies
The ban in Asheville proper started in 2016 though, and we don't seem to have more affordable housing as a result.
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9 February 2025 | 173 replies
So, not a good look.I do like that you guys encourage due diligence and 3rd party inspections to insure work is done properly. Â