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15 January 2025 | 7 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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21 January 2025 | 35 replies
This includes trips to properties for evaluations, trips to Home Depot, etc.
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20 January 2025 | 2 replies
. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000.
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17 January 2025 | 4 replies
I’ve been thinking about partnering with a successful wholesaler and seeing if they will expand their operation to include the zip codes I am interested in.Example: I would like to partner and give money to a successful Detroit or Texas wholesaler and see if they are willing to add my Georgia target market to their operations.Before moving forward, I wanted to get some feedback and advice from those who are wholesalers or who have partnered with wholesalers.Has anyone ever heard or have experience in a partnership like this?
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29 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 | 3 replies
I've even had tenats bring their own range, but usually that's included in the lease as are dishwashers.
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18 January 2025 | 8 replies
They host regular meetups, workshops, and networking events that attract investors across all levels, including those focusing on multi-family and commercial properties.
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19 January 2025 | 10 replies
Quick rundown on text messaging rules Get Permission: You can’t text someone unless they’ve given explicit consent (like through an opt-in form).Opt-Out: Always include an easy way for them to unsubscribe, like "Reply STOP to opt out."
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15 January 2025 | 3 replies
If every rental listing has a washer dryer included that market expects it and you should have them there.
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16 February 2025 | 61 replies
They have help pages and support.Airbnb has a multitude of problems, including their extenuating circumstances auto refund to guest.Booking.com help I find very useful.