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1 January 2025 | 22 replies
You want a hustler, not a top performer, if you want check-ins.
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15 January 2025 | 14 replies
The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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9 January 2025 | 8 replies
I’ve tried VRBO and Furnished Finder, but they didn’t perform well in my market.
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6 January 2025 | 77 replies
But, I bet-ya it's also effective.
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13 January 2025 | 30 replies
Perform this research by using the rent comp tool on BiggerPockets as well as FB marketplace, Zillow, Craigslist, etc Also for those 15% of units that are “at market”.
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25 January 2025 | 25 replies
It reminds me of the Charles Schwab study - their best performing retail investment accounts were from dead people that never closed out the account.
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25 January 2025 | 17 replies
RTR advertises high returns as part of their marketing strategy, but the reality is that many of their properties do not perform as well as advertised.
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3 January 2025 | 1 reply
You're best bet is to call a few brokers local to the area and see what they can come up with.It's definitely going to be a surplus or excess carrier that will do it and the premiums will be high.
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16 January 2025 | 26 replies
While metrics like square footage or price per square foot matter, the number of bedrooms, bathrooms, and overall location are often more critical for attracting tenants.Engaging a property manager early on can save you from costly mistakes and help you invest in properties that perform well in the rental market.
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3 January 2025 | 11 replies
There is certainly a strong correlation to credit score and tenant performance.