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10 January 2025 | 22 replies
Section 8 is a nice program, but you will get low IQ tenants who don't know how to clean properly.
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11 February 2025 | 167 replies
You could ask them to just monitor your wallet to ensure sufficient funds, but then they'd have to trust your security policy and procedures are at least as good as the exchanges.
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10 January 2025 | 28 replies
I disagree with your sentiment about a bull market correlating to my genius I just manage risk properly with a model I have ran for years and in the past month / month and a half have made almost another 100,000.
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6 January 2025 | 25 replies
I notice you didn't say you'd actually seen the tenant's policy.Are they properly licensed?
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31 December 2024 | 18 replies
If you've already reached that end - ie if $4 million is enough principal to create residual income that you won't outlive - then I don't see any good reason to be buying out-of-town properties that then have to be managed properly to preserve your investment.
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20 December 2024 | 3 replies
Received access to mortgage portal to ensure all payments are made (including escrow).Anything else here I should do or not do if acquiring for the long-term?
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17 December 2024 | 15 replies
Mudjacking, polyjacking, or replacement may be necessary to achieve the proper slope away from the foundation.● Monitor the gutters for overflow.
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12 January 2025 | 25 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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25 December 2024 | 4 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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24 December 2024 | 12 replies
However, Austin proper has a high barrier to entry due to the sharp rise in property values in recent years.