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17 January 2025 | 28 replies
The major negative experiences for me had to do with ship times (their updates are on the slower side) or what happens if product is damaged or arrives late.
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12 January 2025 | 25 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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13 January 2025 | 16 replies
However, for major issues, STR insurance ensures you're fully covered.
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15 January 2025 | 8 replies
Auction.com for some 66% or so of the preforeclosures in your area, other trustee's run other auctions, but auction.com has sucked up the majority of the business nationwide.
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4 February 2025 | 17 replies
Either they overpay or don't negotiate the right terms, or miss something major.
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9 January 2025 | 20 replies
Yet, I regularly correct major errors made on tax returns by HRB people and even by CPAs.
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7 January 2025 | 12 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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17 January 2025 | 23 replies
@Deirdre Lizio like any business, you will encounter customers that:1) Appreciate great service and are willing to pay for it2) Appreciate great service, but are price sensitive3) Only care about the lowest price, yet unrealistically expect great service4) Multiple variations of the above...Unfortunately, the majority of us default to #3:(
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26 January 2025 | 21 replies
I wish the majority of our bookings came from VRBO, but unfortunately that is not the case.
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15 February 2025 | 77 replies
Perhaps the timing of your payments for major expenses changed.