Shakthi Kamal
Is a min of 2% rent to price ratio needed for positive cashflow in today's market?
6 January 2025 | 2 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.
Elijah Berg
36% Rent increse Two weeks Into First duplex as a 19 year old Investor
4 January 2025 | 23 replies
At annual rent increases, I do scour Zillow for market rents in the area, which I share with my tenants.
Garry Lawrence
Tips for Renting by the Room Near Colleges: First-Time Landlord in Baltimore, MD
4 January 2025 | 2 replies
@Garry LawrenceDevin Moreno has a bunch of videos on rent-by-the-room strategy in Baltimore on hisYoutube channel.
Nadine Wallace
Advice on temporary security cameras during rent-ready repairs on long-term rentals
15 January 2025 | 6 replies
Does anyone have any advice on effectively setting up temporary battery-operated cameras on a long-term rental property to deter break-ins and squatters while rent-ready repairs are being made before a tenant moves in?
Pixel Rogue
Buy, Rehab, Rent, Refinance, Repeat - got them all with questions on refinance/repeat
4 January 2025 | 7 replies
Buy - Rehab - Rent - that has been the bulk of the work.
Cristi Lucas
Business wants to rent apartments
24 December 2024 | 1 reply
I don't know Accessible CLG, but can say that we have rented to groups like this and have not had a problem.We have also rented to corporations who have people live there for only a few weeks at a time.
Noyessie Hubert
Am I understanding this rent control law correctly
26 December 2024 | 2 replies
The concern with places like Irvington will be once you move out and no longer owner occupy how do you raise rents legally.
Travis Daudelin
Renting to an in home health care agency?
25 December 2024 | 12 replies
I want to rent out.
Alan Asriants
Rent by the room?
26 December 2024 | 9 replies
While the traditional approach involves buying a multi family property, living in one unit and renting out the other - with rising prices and interest rates; others have considered renting out bedrooms as unit spaces.
Schuyler G.
Which Areas Rent Fastest?
28 December 2024 | 7 replies
We hadn't changed the rents in a while, but they weren't moving.