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11 May 2024 | 38 replies
This growth, driven by factors like retirees, job opportunities, and a desirable climate, increases demand for rental properties.Tourism: Florida is a major tourist destination, with attractions like theme parks, beaches, and cultural events drawing millions of visitors each year.
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12 May 2024 | 20 replies
I heard that there is a moratorium on any more large developments due to the water issue.
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10 May 2024 | 30 replies
: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+, 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, 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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12 May 2024 | 12 replies
After 2017 the market had dried up and we had to go into more extensive projects, typically big basement issues or mold or both.
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10 May 2024 | 4 replies
The presence of major employers like BMW, Michelin, and Fluor Corporation has led to job growth and economic stability in the region.
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8 May 2024 | 1 reply
Management went back and forth with Delta until finally getting an email from Delta that these issues weren't covered by their builder's warranty.1.
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9 May 2024 | 20 replies
I spoke with real estate and property management professionals about it and they recommended not providing it due to maintenance issues.
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11 May 2024 | 8 replies
In the event they do require the loan to be paid off entirely, they issue a demand letter that gives you 30 days befor ethey begin a foreclosure.
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9 May 2024 | 8 replies
Unit A is about 100 years old and Unit B is almost completely new.Pros:-The duplex is in a very desirable neighborhood with home value appreciation year over year at about 50+%-Rent is also in high demand within this area-Cash flows well even with high interest rates and increasing property taxes-Home is price below average cost per sq ft-The house has been renovated and some parts of it has been remodeledCons:-All issues are with Unit A, the 100 year old unit.
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10 May 2024 | 0 replies
Value report has just been released and it’s full of good information for those thinking about a minor or major home improvement project in the future.Exterior projects continue to cost homeowners far less than they’ll spend inside and yield the highest rate of return upon selling.