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29 January 2025 | 3 replies
@Gutta Bunni are you advertising your management services?
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24 January 2025 | 13 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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29 January 2025 | 4 replies
Looks like a good service but they seem to require a minimum of a 100 doors?
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17 January 2025 | 6 replies
Refrigerators aren’t typically expected in Texas single-family rentals, and it may be the same in Georgia.For other appliances, buying new is usually the better choice.
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28 January 2025 | 0 replies
Both investments can offer tax benefits, but real estate typically has the edge.
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5 February 2025 | 9 replies
Some of the family-business real estate companies are starting to move from the (typically) patriarch who started the company in the 90s into the kids who are in their early 40's +/-.
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4 February 2025 | 17 replies
The lender typically is not aware that ownership has changed.
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14 February 2025 | 11 replies
After all, if you can't service them, you could refer them to another agent you trust and earn a portion of the commission.
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11 February 2025 | 4 replies
Yes there are broker's out there that also don't do good business, but they typically work with clients that do not know any better.
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25 January 2025 | 1 reply
They would be putting in some money and their service as sweat equity, and we would be putting up money and my wife’s services.