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18 January 2025 | 18 replies
Overall, for every type of property....I would say that keeping up with proper maintenance is what most people neglect.
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21 January 2025 | 27 replies
The best way to solve this situation now would be by ensuring you've presented the units in the most attractive way possible.
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15 January 2025 | 15 replies
It’s about staying compliant, keeping tenants happy, and ensuring your investment performs at its best.
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17 January 2025 | 19 replies
Reducing rent sets a precedent and can attract price-sensitive tenants rather than those prioritizing quality.Negotiating renewal terms can make sense if tied to benefits like lease length or tenant stability, but always ensure it aligns with your long-term goals.
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7 January 2025 | 12 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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30 December 2024 | 6 replies
If you have a business entity(you want to properly track money going in / out from its owners).They will likely be classified as contributions / distributions.Best of luck!
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23 January 2025 | 16 replies
Thank you Brett, mainly for properly reading my inquiry and genuinely trying to help me.
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16 January 2025 | 13 replies
Urban Development land swaps are often used as a strategy to: - Consolidate public land holdings - Acquire important natural or recreational areas - Facilitate development while ensuring community benefitsLand swaps can provide several benefits to communities: - Preservation of open spaces and environmentally sensitive areas - Creation of new public parks or recreational facilities - Protection of wildlife habitats and corridors - Improved land management efficiencyI searched for some Urban examples for reference: 1.
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22 January 2025 | 22 replies
Ensure compliance with 45-day identification and 180-day closing rules.This post does not create a CPA-Client relationship.
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8 January 2025 | 4 replies
Made sure to check the ledger and T12 to ensure that the tenant was qualified correctly before purchasing the property.