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30 May 2024 | 6 replies
Once I hit 2 years, I buy another home I can move into and add value.
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29 May 2024 | 0 replies
How did you add value to the deal?
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30 May 2024 | 17 replies
One thing we have done was to offer amenities that carry high value in the area and build these costs into our rental agreement.
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29 May 2024 | 4 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+, 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, 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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27 May 2024 | 6 replies
What is the best way to find lenders with solid reviews since I am not allowed to ask here directly?
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30 May 2024 | 33 replies
Review your state's landlord tenant laws and enforce any measure regarding non-payment of rent.
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27 May 2024 | 4 replies
Also, if you are using one standard set of criteria to review all tenants, both section 8 and non-section 8, do you require a minimum credit score?
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29 May 2024 | 3 replies
Not having these inspected would be a Red Flag for most and I've seen where it substantially affected the property value.....
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29 May 2024 | 26 replies
Haven't taken any seminars.No section for Self Storage. 60% of Value is held by REITS who don't need BP.
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28 May 2024 | 8 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.