Great macroeconomics overall - population and job growth and major companies moving here.

This is the foundation of why LaPlante Real Estate is based in portfolio management and property management... my personal portfolio started in 2009 and I find the majority tends to be Section 8. 

Since I was only filing on major things like underground utilities, fires, etc.

I just had her sign a new lease adding her boyfriend who she is alleged fighting with that starts 1/1/25 so If there is going to be a major issue id like to handle it ASAP before that lease would start. i received the messages at 2am and have not responded to him. 1.

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.

This is for 3 properties I use spreadsheets, that I also provide to my clients if they don’t have a good accounting system. it can be a lot of work with making sure you have all the receipts, issuing 1099s, ensuring you have deductions, etc. as such, I recommend doing bookkeeping monthly. what’s funny is that as a tax preparer and advisor, the majority of the time isn’t spent entering numbers on a return.

The vast majority of people will not have these accounts, and the % that comes with them.

Our market is stable with strong job growth from major employers moving and developing here like Meta, Intel, Amazon, etc.

When investing OOS, consider targeting markets with major corporate relocations and expansions.

Check the property: Make sure it’s in decent shape – no need to take on a major project right away.