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16 January 2025 | 2 replies
Used PSI last year, they did a bad job, the snow wasn't even bad last year and with several attempts asking them to do better within the terms of the contract, they still sucked.
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22 January 2025 | 7 replies
I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.
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20 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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22 January 2025 | 9 replies
Over the last 3 months, I’ve moved 4 of our 12 units over to a property manager.
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27 January 2025 | 1 reply
Another might be a residential tenant whose child comes home from college and discovers black mold in her bedroom closet.Ideally, Tenant Estoppel Letters will be sent to them after the inspection and financing contingencies have been cleared and within the last week before closing.
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6 February 2025 | 16 replies
I have purchased 3 STRs personally in the last 18 months and have closed on at least 25 for clients in the past 12 months.
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9 February 2025 | 33 replies
I sold my Temple property last year and it was good timing.
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24 January 2025 | 7 replies
I moved to the Sarasota area last year, and have been impressed by the REIA meetings here.
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22 January 2025 | 2 replies
Last year we helped eight buyers acquire exceptional coastal STR's in; Brookings, Gold Beach, Bandon, Manzanita, Arch Cape and Yachats, with two in 2025 under contract in Seaside and Rockaway Beach.
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28 January 2025 | 0 replies
🎯 Leverage PowerWhen's the last time your broker let you buy $500,000 worth of stocks with $100,000 down?