Bryce Jamison
Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
Example if you buy a new build at 300k or a renovated 100 year old home at 300k right next door, both should see the same appreciation.
Camille Romero
Real Estate Advice Needed
22 January 2025 | 31 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.
Jeff G.
What are some warning signs that an area is slipping from C class to D class?
7 January 2025 | 19 replies
Class C stay indoors, don't answer the door for solicitors, and don't spend a lot of time with neighbors.
Troy L.
Raise one rent, raise all of them to prevent false claims of discrimination?
19 December 2024 | 10 replies
One of the properties is a three bedroom with no garage that the tenants pay on time but require more of my time than the others .
Augusta Owens
New member and new to real estate
7 January 2025 | 12 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.
Felisha Derrick
Beginner situation/Hubris/What would you do?
6 January 2025 | 9 replies
I own 27 properties in Greater New Orleans (36 doors) and wholesale around 50 houses a year in this market.
Chris Kelly
Tenant smoking weed but can't prove it
25 December 2024 | 28 replies
Originally posted by @Eric Mayer:When you have 50+ doors or 100+ doors, would this even cross your mind to worry about?
Rae Chris
Properties, Networking, Advice,
2 January 2025 | 13 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Victor N.
Tenant Refusing To Turn on Heat In Winter In Order To Save
18 January 2025 | 36 replies
I would notify her in person and in writing (big note on her door) including quoting the clause in the lease where she is responsible, and tell her you will be inspecting to insure the heat remains on, high enough to protect your unit, or she will be breaking the terms of her lease and also liable for any damage done in the downstairs unit as well.
James Wise
Failed Leadership is why California is on fire.
23 January 2025 | 165 replies
--------------------------------------------------------You do realize that only "Big Government" can fight fires on the scale California has now, and only "Big Government" can do the clean up necessary so redevelopment can be started afterwards.You're just going to let those toxic waste lots sit and fester while people next door rebuild?