
2 January 2025 | 13 replies
@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------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?

19 February 2025 | 88 replies
This is one cause of the $**** that can happen.

30 December 2024 | 10 replies
Make sure when the new hardware is installed adjustments are made if needed and repair any damage to door jamb.

30 December 2024 | 7 replies
, because they had added a provision to their lease that conflicted with State law - even as there was no damage to the tenant!

5 January 2025 | 18 replies
Failure to adhere to the strict requirements of notice may jeopardize your case and cause unnecessary delay in the processing of the eviction.

2 January 2025 | 10 replies
Make sure they send you a copy of the police report so you can follow up with the tenant causing the issues and send them some sort of warning in writing.

14 January 2025 | 23 replies
It's the same idea.FYI I've seen subto contracts which provide for ~$50,000 in liquidated damages against a seller that reports the sale to the lender and that results in the loan being called.

23 December 2024 | 15 replies
Quote from @Ana Mills: The high quotes for the electricians will be way cheaper than having your handyman do it and it causing damage, causing a fire, or even worse causing a fire later when someone is living there and that person/persons getting hurt because of the work being done by an unlicensed worker doing the work.

29 December 2024 | 15 replies
-Outlines what is considered damage to linens and other personal property (ie., stains, etc)-MTR we are flexible on the lease end date and will prorate last month's rent.

8 January 2025 | 33 replies
I as a lender as part of settlement had our servicer unwind some negative reporting.As a sidenote I saw a post online somewhere else where someone who had an owner occupied home for several years relocated for work and teh servicer sent a letter telling them they are not in compliance with their loan because it must be owner occupied for the entirety of the loan even though the loan docs say one year....Again, servicer overstepping their boundsI am going to dig deeper on undoing the credit damage.