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31 December 2024 | 13 replies
There are situations that they can source better value products from larger suppliers such as HVAC units or plumbing supplies, and we are ok with that.
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30 December 2024 | 10 replies
Leaves an immediate bad impression.Entry Door: This seems silly but make sure your front door opens and closes easily without the need to play around with the door.
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3 January 2025 | 4 replies
I would say your first year is just for drinking from the fire hose, even if it means taking a larger split and not earning as much commission.
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5 January 2025 | 33 replies
Kitchen cabinet handles were placed upside down, cabinet doors were installed backwards, electrical line for thermostat was ran on the inside of the bedroom exposed, trash swept into newly installs vents from the furnace, cracked tub, wall switches were installed sideways in some rooms, wall outlets were installed upside down on some walls, list goes on.
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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.
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7 January 2025 | 13 replies
.- Depending on your budget, do you want a small condo or larger residence?
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31 December 2024 | 6 replies
I'm looking to bundle them and 1031 exchange them into a larger property.
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31 December 2024 | 0 replies
To achieve this, I’m planning to scale rapidly by performing a couple of syndications to acquire a larger portfolio.I currently have a portfolio of 17 properties, but to justify labor costs and create a sustainable structure, I need to expand quickly.
4 January 2025 | 5 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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30 December 2024 | 18 replies
I own 12-doors in Detroit and 3 of those are rented to section 8 tenants.The best areas for S8 tend to be C Class neighborhoods.