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7 February 2025 | 17 replies
This seems strange since PPMG (my property management company) is vetting these renters.
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20 February 2025 | 10 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 | 5 replies
Building a strong team (agent, contractor, lender, property manager) is key—seek referrals from experienced investors.
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21 February 2025 | 3 replies
If numbers work and risks are manageable, this could be a solid house hack!
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14 January 2025 | 5 replies
It’s true that many property management companies are now incorporating tenant benefit packages as part of their offerings.
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6 February 2025 | 7 replies
There are online platforms like Rentable.com that will handle opening the correct accounts / all compliance tasks related to managing deposits
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8 February 2025 | 12 replies
. - Of course, you may need a Property Management Company to handle each rental when you move again.
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20 February 2025 | 10 replies
This is a question for your attorney and accountant on how you will manage the company etc.
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16 February 2025 | 1 reply
However, I’m actively managing my investment, taking on risk, and improving the property, which has significantly increased its value.
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14 February 2025 | 15 replies
@Adam Poffenbarger are you self managing?