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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.
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18 December 2024 | 10 replies
Oh the things I have seen and had to manage as a PM of 138 doors.
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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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20 January 2025 | 57 replies
In the alternative, everything seemingly goes well, he has lied on his application (very dumb move) which you don't control and down the road a year or two you get a "knock, knock" on the door from some very stern men who want to talk to you about the transaction.
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15 January 2025 | 24 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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26 December 2024 | 4 replies
Recommend you look at Lockly locks with built-in camera, so you can also see who looked at the property and tell if the door was properly closed.
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26 December 2024 | 7 replies
FHA loans only require about 3.5% down, so it’s a great way to start generating passive income while keeping your housing costs low.If you’re leaning towards renting for now, you could still invest by looking at fix and flip properties or even partnering with someone more experienced to get your foot in the door.
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6 January 2025 | 13 replies
You can't "force" your way in, but there's no law stopping you from knocking on their door to ask if you can check the furnace/ac unit out.4) Don't escalate as they have possession of your property and to can bad things to it!
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26 December 2024 | 3 replies
I would encourage house hacking, you won't be cash flowing but it helps you save while you get your foot in the door with low DP.
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23 December 2024 | 9 replies
And just the other day, I was grabbing coffee with a friend who reps a group of invsetors out in San Antonio.. they got burned early on by not clarifying their rental criteria, picking up a triplex that sounded good on paper but turned out to have a revolving door of problematic tenants.A baseline business plan isn’t just a mind-numbing exercise.. it’s the guardrail that keeps your momentum from swerving off into the ditch.