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27 January 2025 | 8 replies
Paying off the notes, working to pre-emptively make repairs to capex items before they fail or become a major issue think roof, HVAC, and foundation.
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20 February 2025 | 3 replies
Are there any good property management companies that are familiar with Section 8?
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23 January 2025 | 4 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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9 January 2025 | 3 replies
I personally recommend checking Columbus OH - lots of job growth, population growth, and major companies moving and developing here.
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7 February 2025 | 6 replies
I am interested in meeting mortgage brokers, investors, and real-estate agents in the Austin area, as well as anyone who can connect my abilities as an engineer to a tech company in the area.I love learning new things, and not knowing how to do a thing has never stopped me from doing it.
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11 February 2025 | 12 replies
Would you hire a property management company?)
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7 February 2025 | 6 replies
Some outreach to local companies with a transient workforce may be worth your time - you'd have 1 lease rather than 5 (1 per bedroom).
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31 January 2025 | 5 replies
For example, the insurance company offers you $100k.
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31 January 2025 | 20 replies
Is there some reason that you or the company simply don't discuss what happened and use this as an opportunity to turn a negative post into a positive one for the company?
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25 January 2025 | 26 replies
These companies selling products tend to drain agents dry at these conventions selling every do dad that is supposed to give them an edge over everybody else.