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27 January 2025 | 17 replies
At the time QB was not the best for property management.
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3 February 2025 | 15 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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7 February 2025 | 16 replies
Quote from @Wale Lawal: @Paige GardnerYes, this strategy is possible, but it comes with risks that you need to manage carefully.
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20 February 2025 | 7 replies
If the repairs are manageable and you’re getting at least a 10-15% discount, it can be a great deal—but avoid properties with major structural failure or uncooperative sellers.
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19 February 2025 | 11 replies
Property Management Is Still WorkEven if you only have one or two tenants, you’re still a landlord—which means handling maintenance, lease agreements, and potential disputes.
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16 February 2025 | 7 replies
It puts a face to management and allows to open doors for repairs if need be and makes them aware of who owns property now.
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28 January 2025 | 4 replies
Quote from @Geoffrey Paugam: I suspect there are many managers there, but maybe not any good ones?
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29 January 2025 | 22 replies
If you are unsure, to start, hire a property manager and don't let the tenants know you are the owner.
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18 February 2025 | 4 replies
The other contributing factor was the poor property management and sponsor asset management of the properties.
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18 February 2025 | 18 replies
Then you can manage the calendar.