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19 January 2025 | 4 replies
A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email [email protected], and someone will help you.
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31 January 2025 | 10 replies
For property management, I am personally a fan of managing your first property (with proper education or mentorship before beginning) since this is where you will learn first hand what is required in managing a tenant.
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8 January 2025 | 27 replies
If it is later found to be the work was not performed according to code or properly repaired, we will seek damages from your firm since you knowingly hid this from us and would not allow us to understand the extent of the damage which occurred behind walls.Thank youThis way you are putting them on notice that you were aware damage occurred and they did not allow you to properly inspect it.
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26 January 2025 | 17 replies
Most plumbers have camera systems that can go 100's of feet usually and it is pretty easy.
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26 January 2025 | 17 replies
"Getting in" is easy; making money, managing the business, with the increased financial risk of commercial properties is a whole different game.
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22 January 2025 | 4 replies
The culture shock hit us immediately, and we struggled at first—it wasn’t easy, but we were committed.Unfortunately, that initial investment didn’t pan out.
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3 February 2025 | 25 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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3 February 2025 | 10 replies
It very well could become a large enough investment to be worthwhile, also solving for "unexpected emergencies ", for the most part and would an easy self management situation if you were to live onsite in one of your connected townhomes.
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17 January 2025 | 3 replies
It's easy to get bogged down by too much software in today's world.
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23 January 2025 | 165 replies
Oh, I never said it would be easy, but it can be done.