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13 January 2025 | 31 replies
I do the majority of my leasing on Facebook and Zillow and I never ask for an ID.
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17 January 2025 | 22 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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19 January 2025 | 9 replies
This lead to piecing together payments here and there and drastically slowed the construction process and major cost overruns.
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13 January 2025 | 4 replies
Curious how this will play out in the courts (granted it's LTR) and affect pricing products used for STR such as PriceLabs (which I use but have to seriously manually adjust for very specific reasons).
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15 January 2025 | 145 replies
You know, like any other INSURANCE PRODUCT.
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8 February 2025 | 29 replies
Shasta is not close to a major airport making any travel more cumbersome.
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12 January 2025 | 54 replies
I agree - plenty of affordable housing but you are not going to find it in a major city or a very desirable area.
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18 January 2025 | 1 reply
With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.
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19 January 2025 | 10 replies
The big pros are the strong job market (lots of major employers), good population growth, and still-reasonable entry prices.
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8 January 2025 | 7 replies
When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer.