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16 January 2025 | 3 replies
I've even had tenats bring their own range, but usually that's included in the lease as are dishwashers.
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20 February 2025 | 114 replies
However, things like my ATM investments will continue to throw off a 24% CoC return and 20% IRR and I'm not including those.
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29 January 2025 | 22 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 | 107 replies
For deals I do, I try to write in under the inspection section in the purchase agreement, “any and all recommend by home inspector including but not limited to inspections checked no above.”
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17 January 2025 | 2 replies
Amenities include, laundry, assigned parking, and wifi available for each unit.
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26 January 2025 | 6 replies
Secondly, the homeowner would need to cooperate as she would need to submit a bunch of paperwork including income statements, tax returns, etc. for the Short Sale application to show that she is insolvent.
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15 January 2025 | 3 replies
If every rental listing has a washer dryer included that market expects it and you should have them there.
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20 January 2025 | 7 replies
It will just invite the idea of allowing her to include even more pets.
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2 February 2025 | 20 replies
I think 1) 10 years that includes recovery from GFC and the Covid pandemic is not a long enough duration2) I think for those 10 years, 100% is not that special3) I think many Midwest markets did not experience the appreciation you depict.There are Midwest markets that have pretty good long term appreciation but there are also many Midwest markets that have appreciation that has not historically kept up with inflation.
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17 January 2025 | 10 replies
"Phase I included 388 responses with over 1,200 comments and suggestions while Phase II included 141 responses and several hundred more comments and suggestions.