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28 January 2025 | 6 replies
That said most folks have price targets and if large complexes are conceding 1 or 2 months on the 1st year lease, itll put downward pressure on your rent to some degree.
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7 February 2025 | 22 replies
LTR and MID term are hot now as well, we have more people that want houses than houses to rent to them.
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27 January 2025 | 15 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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22 January 2025 | 4 replies
Rental gives $500 monthly income from $2,000 rent.
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2 February 2025 | 5 replies
Over 4k in damages, utilities, past due rent, court fees, tons of trash, holes in walls, pee everywhere, etc.
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7 February 2025 | 3 replies
The previous landlord only collected half month rent as deposit, and I would like to increase the deposit to standard one-month.
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26 January 2025 | 14 replies
Been late on rent.
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24 January 2025 | 13 replies
It’s a newly renovated 3-bedroom, 2-bathroom home, just one block from the ski slopes and four blocks from downtown.The current owner has been renting it out for $30,000 per month during the peak winter and summer seasons.
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23 January 2025 | 4 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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24 January 2025 | 3 replies
Purchase price: $150,000 Cash invested: $60,000 Rented it for $2195.