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6 February 2025 | 3 replies
I learned so much along the way, including navigating the legal process needed to remove previous owners (squatters) who did not want to leave.
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10 February 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.
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21 February 2025 | 6 replies
Property includes: (2 buildings)The large old building with main level office previously a dental office and potential for build out second floor of (1)-1br efficiency apartment, (3)-2br/1bath.
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19 February 2025 | 57 replies
Many of our clients, including myself, have done that.
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4 February 2025 | 13 replies
Follow all safety requirements your Insurance Company plus city and county require.This usually includes childproof access and alarms.
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29 January 2025 | 16 replies
We specialize in managing single-family and multi-family homes, with a portfolio that includes properties in the Indianapolis market.
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6 February 2025 | 2 replies
Building a 4,000-square-foot, three-story duplex with a 1,000-square-foot ADU could cost about $1.83 million, including construction and permits (excluding land).
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18 February 2025 | 33 replies
I actually just finished reading his book and was surprisingly disappointed for a couple reasons.
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16 January 2025 | 0 replies
This included modernizing the kitchen with high-end appliances, upgrading bathrooms with spa-like features, and adding hardwood floors for a luxury feel Lessons learned?
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10 February 2025 | 24 replies
I immediately called Financial Freedom they explained that the $200 was for their "pay -site" which includes a free weekly conference call, etc.