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11 January 2025 | 20 replies
@Scott Goulet if that's the case and there is no significant difference in occupancy, then my gut tells me that it is not a major factor that guests consider and are willing to pay a premium for.
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4 January 2025 | 14 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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16 January 2025 | 23 replies
Until that happens, enjoy major cash flow.
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27 January 2025 | 14 replies
If you’re paying off more than $1,500/mo I’d probably keep it barring any major upcoming capex. (3-5 years out so buyer wouldn’t automatically ask for it to be repaired at sale.)Good luck either way.
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13 January 2025 | 16 replies
However, for major issues, STR insurance ensures you're fully covered.
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8 February 2025 | 29 replies
Shasta is not close to a major airport making any travel more cumbersome.
29 December 2024 | 13 replies
The vast majority of electric dryers run on 220v.
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17 January 2025 | 19 replies
But I believe for the majority of mom and pop landlords, it's not worth offering a concession.
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5 January 2025 | 8 replies
Pittsburgh is home to many major universities including the rapidly growing Carnegie Mellon University which is “at least partially responsible for Pittsburgh’s growth, from revitalized neighborhoods to a vibrant and booming restaurant scene.”
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8 January 2025 | 38 replies
Besides frozen pipes in the winter, there's also sump pumps that if not running, could flood a basement and cause major mold damage.