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16 December 2024 | 8 replies
It’s so comprehensive that I’m compelled to give you a great answer, but there is so much to unpack that a full proper answer to every question may take longer than I have tonight.
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16 December 2024 | 8 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+ (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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19 December 2024 | 22 replies
Newer appliances, free nice laundry, 2nd floor, yard space, storage, clean bathroom, included heat, installed window A/C.Appraisal suggested the unit was worth 2,300 a month, which I felt was a bit high, so I listed it for $2,150 with no move in fee and a 2k deposit.
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12 December 2024 | 17 replies
You could buy the meter, have a plumber install, you connect to computer, charge the exact amount of water usage.
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12 December 2024 | 2 replies
What is the best overall water metering company you have found when it comes to ease of installation, reliability, and the cost of the equipment and monitoring?
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13 December 2024 | 4 replies
Do you have the Capacity/Ability to close, do you have the Character/Credit to close (including relevant experience), and do you have the liquidity to properly provide enough collateral (are you injecting enough into the deal).
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16 December 2024 | 19 replies
HOA violations are only grounds for evictions if you your lease requires them to meet HOA regulations, you have properly notified them of the violation, and they have neglected to resolve the issue.
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17 December 2024 | 8 replies
It is therefore extremely important for you to know how to properly evaluate and choose a SAFE 1031 Exchange Qualified Intermediary for your 1031 Exchange transaction.You should always perform a careful and thorough due diligence review before making your final selection.
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11 December 2024 | 4 replies
We've installed the Moen leak detection device, which detects leaks both hot water and cold water, and monitors water usage and gives you weekly reports.
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14 December 2024 | 11 replies
I hope you reported it to the police, if not, you should file a police report and also install cameras because there's an influx of squatter's taking over people's properties recently.