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5 February 2025 | 5 replies
Sounds like you’ve got a solid foundation with your GC and project management experience.
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5 February 2025 | 16 replies
Will you hire a property manager?
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9 February 2025 | 3 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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12 February 2025 | 12 replies
Quote from @Josh Jung: surprised you haven't heard of RBP. it's like a mix of services you can offer to your tenants like renters insurance, virtual concierge, etc So the property manager/landlord pays for their renters insurance, and filters?
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7 February 2025 | 7 replies
@Anthony Zotto - By the way you ask the question I assume you're going to self manage the property instead of using a property manager.
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6 February 2025 | 5 replies
*I'm a property manager, not an owner, so I do have a 3rd account for business expenses as required here in Oregon.There are a plethora of software/apps out there for managing properties and funds.
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24 February 2025 | 2 replies
One way to maximize your rental revenue is talking with Property Managers in your market to get a rental analysis to see if you are maximizing the amount of rent you are getting from each unit.
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2 February 2025 | 9 replies
Are there property managers who specialize in managing housing for section 8 tenants?
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8 February 2025 | 42 replies
The first thing here would be the regulations and laws governing acquiring properties, managing properties and selling properties.
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9 February 2025 | 1 reply
I'm looking to connect with local investors, agents, lenders, property managers and contractors who have experience in these areas. :-)