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10 January 2025 | 26 replies
The city has changed Section 8 requirements multiple times lately.
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9 January 2025 | 10 replies
@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the 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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25 January 2025 | 15 replies
I wouldn't bother investing outside of the big city centers, nor buying anything younger than 30 years old.
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8 January 2025 | 6 replies
Then progress to permits and then building.You could also just do it and hope the city doesn't notice, which they probably won't.Your challenge will be getting Certificates of Compliance on the units!
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1 February 2025 | 17 replies
i have much higher expenses and more headaches of course, but cash flow is higher.most major tier 1 or tier 2 cities should have significant enough rental demand to be able to implement this strategy pretty successfully.
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24 January 2025 | 42 replies
Their home has been vacant for over 4 years and is uninhabitable as the city water dept cut off service due to a faulty septic system spilling sewage in both our backyards.
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27 January 2025 | 7 replies
Also in Touristic cities like Paris there is a competition among tenants to get the LTR appartment.
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21 January 2025 | 27 replies
Just for context, being from the area, that is one of the worst inner city areas in Greater Cincinnati.
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21 January 2025 | 10 replies
How long will you go without hot water before withholding rent, calling the city or just moving out?
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17 January 2025 | 40 replies
As you may be aware, the City of Asheville (about 2/3 of Asheville is in city limits; the rest is under county jurisdiction) has had strict STR regulations in place since 2016.