Troy Smith
Refinance step of BRRR
13 January 2025 | 11 replies
Include before-and-after photos, receipts, and a list of all the work done.Curb Appeal: First impressions matter.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
19 January 2025 | 41 replies
When its included in a lease for real estate then the laws pertaining to residential rental security deposits in your state apply but when its separate you should have more leeway to get some additional deposit to protect you.
Collin Hays
I fired dynamic pricing today
2 February 2025 | 20 replies
After years of not using it, for some of the reasons listed in this group and mainly because I didn't think it worked well in my market, I signed up for the 30 day trial that expires in 7 days.
Melissa Sejour
How do you research the best areas to invest in?
29 January 2025 | 11 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.
Devan Praska
Anyone Use/Make a "Homeowner's Manual" For Single-Family Home?
5 January 2025 | 5 replies
I think it's great as it includes warranty information for appliances, type of hvac filter, light bulbs and general maintenance etc
Ryan Rubel
Short-term rental purchase, north county coastal. How realistic is this plan?
4 January 2025 | 5 replies
I mainly focus on do ing flips and flip to rent, but I also facilitate STR and MTR in the area too.
Angel Mora
Evernest Property Management
29 January 2025 | 25 replies
Things they did bad which I wish I had asked more information about:Never involved in the screening of tenantsThey recommended keys for cash by waiving the rent amount buy only collecting fees which they would get not meThe cost to evict is 750-950 yet other companies told me they will include eviction in the priceThe tenant didnt pay in full last month and I was the one calling out to them and asking questions then a few days later I get an email saying something happened with the tenant and they are investigating.You get passed from person to person every week or so.No one told me when the construction was complete and so the house was ready for a week and the post to zillow and other sites was not done.It took them another week to take pictures and then another week to upload it.I was paying 200 dollar a month electric bills while the house was vacant because they left the AC running in the empty property.
Daniel Alvarez
What is the best way to see a person is a good Tennant?
12 January 2025 | 11 replies
I recommend you include some of your key qualification criteria in the advertisement.
Gene D Stephens
Looking for Advice on Investment/DSCR loans
29 January 2025 | 11 replies
For your scenario, a DSCR loan could work well if the property’s projected rental income can cover debt payments, but most DSCR lenders don't include renovation costs directly.
Robert Lindsley
Tenant with two pitbulls
6 January 2025 | 25 replies
They even show a 16th victim and notate that the authorities are not sure so they did not include it.