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26 January 2025 | 5 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 February 2025 | 2 replies
It got me thinking: maybe we’re solving this puzzle in the wrong places.I’m the CFO of a company that develops, builds, and manages multifamily projects, and we’ve been digging into rural markets in the southeast US—think rural Georgia, Alabama, places like that.
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24 February 2025 | 4 replies
I know...horrible company that bought the loan!
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14 February 2025 | 3 replies
So far, I've reached out to a company called Lloyd Security who appear to be able to help with wifi surveillance and access panel.
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11 February 2025 | 6 replies
My business partner and I just opened up our property managment company in the Chicago/Chicagoland area and it is not easy to do this the "right way".Honestly you can get yourself into some serious trouble if something happened with a tenant, an injury, anything and they sue and find out you don't have a license.
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26 February 2025 | 22 replies
The turnkey company will sell this for 150k.Property #2 is a 3/1 1200sq ft house in the same location that I would buy through a broker.
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25 February 2025 | 3 replies
Had a company come out and said they need to tunnel under the house to replace the main section, but could do CIPP (plastic/PVC liner) inside some portions.
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24 February 2025 | 21 replies
It is normally not a good sign if a company has to change their name.
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12 February 2025 | 14 replies
I was able to move out of my parents house in an expensive market by using the other unit rent to cover the majority of the expenses.