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9 January 2025 | 116 replies
Its the easiest way to buy up to 4 doors for only 3.5% down.
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29 December 2024 | 9 replies
I am a PM with 60+ doors and did not get a PMS til around 10 properties.
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6 January 2025 | 25 replies
Obviously, they have no intention of following the law & I wouldn't count on them to adhere to your lease provisions, either.Don't get me wrong - I love dogs & my pit (who went through the big doggie door in the sky many years ago) was the best dog, ever!
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25 December 2024 | 28 replies
Originally posted by @Eric Mayer:When you have 50+ doors or 100+ doors, would this even cross your mind to worry about?
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24 December 2024 | 9 replies
My rule of thumb has been to have a new LLC whenever the ownership structure is different, when I have > 10 doors, or when the total LLC's ownership is > $1,000,000.
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6 January 2025 | 57 replies
When you put in the COMPLETE math there is no comparison between real estate and wall street, real estate blows the doors off wall street every time.
19 December 2024 | 5 replies
Networking with brokers, wholesalers, and property managers in your target markets can open doors to off-market opportunities.
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27 December 2024 | 2 replies
Power washing the exterior, repairing the driveway, and painting the front door.
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1 January 2025 | 14 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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25 December 2024 | 10 replies
You might want to limit your visits though to avoid escalation.Short term if the smart lock is on his personal door just change it to a key if it's isn't working for him, you can always switch back later.