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19 January 2025 | 4 replies
When your content is helpful and tailored to their needs, it builds trust and positions your business as the go-to expert.
17 January 2025 | 5 replies
You may have your lawyer review the contract/property management agreement.
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21 January 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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14 January 2025 | 4 replies
Positive Home Value Growth ForecastWhile the pace of home value appreciation is expected to moderate, Zillow forecasts a 2.8% increase in Buffalo’s home values for 2025, indicating continued market strength.In summary, Buffalo’s combination of strong job growth, relative affordability, limited housing inventory, strategic location, and positive home value forecasts solidify its status as the nation’s hottest housing market for 2025.
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21 January 2025 | 10 replies
My colleagues may choose a different position.
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24 January 2025 | 8 replies
Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?
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25 January 2025 | 17 replies
While the staff at RTR do try to work with you and accessible, it's important for potential investors not to be swayed solely by glowing reviews and comments.
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14 January 2025 | 28 replies
Here’s what helped me most:Quarterly Check-Ins: I spend an hour each quarter reviewing my rental income and categorizing any expenses right away.
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15 January 2025 | 6 replies
The triplex is occupied and currently bringing in positive cash flow.
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23 January 2025 | 23 replies
Making big investment decisions can bring reservations- I would love to connect and review strategies!