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12 January 2025 | 25 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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24 December 2024 | 9 replies
For house hacking, ensure rental and personal use are properly allocated for deductions.
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31 December 2024 | 66 replies
They instead lack the skill to do a proper bid.
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26 December 2024 | 9 replies
They’re built for heavy use and have faster drying times—usually 30–45 minutes—without needing major electrical changes.If you’re up for a bigger investment, adding extra stackable units in the garage could be a great long-term fix, though it’ll mean some electrical work and setting up proper ventilation.I’d probably go for the commercial upgrade in your current space first—it’s quicker and might solve the bottleneck right away.
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22 January 2025 | 203 replies
Tenant quality and demand is generally good and usually there are no issues with proper screening, at least for those with decent properties.But for all of the naysayers on California, keep it up.
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30 December 2024 | 24 replies
The reason for this is there is certainly a lot of heavy lifting of resources required by a property management team to bring on a new resident including rent collection, setting proper expectations, accounting and building a positive relationship in the first month.As far as the quick re-rent of your home, I was hoping that would be something in which you'd see the value of working with us.
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28 December 2024 | 1 reply
Properly collecting these fees is a key part of financial success in real estate investment.And hey, why stop there?
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31 December 2024 | 418 replies
I think this is something bigger than many of us realize, but this is just the beginning of the house of cards.
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3 January 2025 | 18 replies
You don't need to use a title company and pay fees, you just need to proper paper work and quit claim deed.
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31 December 2024 | 9 replies
i agree that a new purchase at 75% equity will typically not have significant cash flow and may even be negative when properly allocating for all expenses.Investing to max equity without reserves is risky and you indicate would result in stress.