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6 February 2025 | 7 replies
I have hot tubs in the majority of my STR that I manage and always request my clients to get them.
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12 February 2025 | 8 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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31 January 2025 | 2 replies
with some commercial brokers, property management any expert help is an advantage !
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26 January 2025 | 19 replies
I am just a beginner wholesaler so I haven't done much marketing/lead management yet.
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29 January 2025 | 31 replies
Reqauest a refund from them verbally and in writing and continue to follow up and go up the management chain if needed .
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21 January 2025 | 10 replies
I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.
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5 February 2025 | 6 replies
It lets you focus on managing the property and getting steady income right away.
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28 January 2025 | 8 replies
Any realtors / property managers / contractors / wholesalers please connect with me!
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2 February 2025 | 10 replies
In addition I heard that is better having one LLC for each property and one for management only.