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22 January 2025 | 12 replies
With proper tenant screening and systems in place you can absolutely be a successful landlord.
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28 January 2025 | 29 replies
I have had a good experience with Proper Insurance.
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18 January 2025 | 16 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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7 January 2025 | 5 replies
This ensures you have a clear picture of what repairs are needed and helps avoid surprises during the rehab.
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9 January 2025 | 8 replies
Also, what’s the best way to ensure the area is safe and desirable for tenants?
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12 January 2025 | 12 replies
If you don't know how to do this properly it can be detrimental.
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15 January 2025 | 12 replies
Proper time tracking and logs are critical for demonstrating compliance with this rule.I've only seen one person with a W-2 qualify for reps, and that was from a tax court case where people had to come in in person and attest to his hard work.
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9 January 2025 | 2 replies
You may have heard that staging your home properly can make a big difference when you sell your house, but what exactly is home staging, and is it really worth your time and effort?
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10 February 2025 | 31 replies
The challenge is knowing how to scope out the renovations properly and understand your construction costs.
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8 January 2025 | 20 replies
Our biggest problem is getting her out so we can do a proper rehab 60 days of dead dime waiting for her to vacate is not Ideal obviously.