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21 January 2025 | 6 replies
@Jeremy H Barton - I'm an investor, flipper, and property management owner.
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6 February 2025 | 6 replies
I do construction management for investors and I usually find them good contractors at good prices.
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21 January 2025 | 13 replies
You need to work with a property manager that has experience with this, unless you plan on doing it yourself.
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20 January 2025 | 1 reply
I have a team and large network of wholesalers, contractors, property managers etc.
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12 February 2025 | 22 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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12 February 2025 | 19 replies
This seems like a no-brainer to me and fits well into a vertical integration strategy (I'm also thinking about managing other people's rentals as even more vertical integration (aka side money).
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12 February 2025 | 9 replies
.- Community Floodplain Management: Flood zone maps are essential for local governments to manage floodplain development and maintain eligibility for NFIP participation.- Risk Awareness: Flood zone designations still help people understand general flood risks in their area.Elevation still matters under Risk Rating 2.0, but its role is handled differently compared to the old system.Under the old system, elevation certificates were often required to calculate insurance rates.
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22 January 2025 | 12 replies
Also note that my company will possibly either cover closing costs if we sell or provide property management for two years if we rent.
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19 January 2025 | 6 replies
Sell the properties.You mentioned having difficulty managing the properties as is.