Anthony Sigala
Is the 1% rule dead in Arizona?
18 January 2025 | 24 replies
.: Quote from @JD Martin: The 1% "rule" is just about dead everywhere outside of the midwest and some places in the south that are still relatively cheap.
Guan Hong Guo
Income Criteria for Multiple Occupants
15 January 2025 | 10 replies
Many would be surprised to learn that about half of all states allow discrimination based on marital status, meaning a landlord can reject applicants that are not related and not legally married.As always, it's important to know the laws of your jurisdiction.
Ashley Shearer
Property Mgmt - First Right of Refusal Program for Maintenance?
17 January 2025 | 3 replies
.- Owner must sign a Hold Harmless to indemnify us against any potential tenant lawsuits relating to the work their contractor is doing.--- Another lawsuit resulted from owner's contractor taking down basement handrail to get supplies down the steps, then they didn't put it back and tenant fell down the stairs.- We also negotiate a reasonable completion date, depending on the Scope Of Work (SOW). --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?
Kristian Kotov
What are the Options for My Client?
13 January 2025 | 6 replies
(Especially a 2-4 unit.)Do they have friends/relatives/co-workers that would rent rooms from them if they bought a property to show more income?
Adam M.
Cost for a Tax Specialist
13 January 2025 | 7 replies
.: Hi Everyone,I am relatively new to rental properties and currently own 3 single family properties as rentals.
Jemini Leckie
Unrelated Tenants In a House Hack
14 January 2025 | 2 replies
The limit is "three unrelated people" and cousins are not considered related under this code.
Zachary Kotiadis
*Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
I currently live in Tennessee and I have a possible opportunity to in move to the state of New York for a two-year work-related contract come the summertime.
Zachary Young
Where To Buy My First Rental Property
18 January 2025 | 51 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.
Camille Romero
Real Estate Advice Needed
18 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.