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17 January 2025 | 22 replies
Your project manager should know plenty of guys- delegate this to them3.
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3 February 2025 | 15 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 February 2025 | 14 replies
I personally do my owen management so I can't recommend anyone.
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11 February 2025 | 7 replies
She is moving out and next management company sent me a questionnaire and one asked "Did they have any animals on your property?
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24 February 2025 | 9 replies
We own one and manage multiple others on that same street.
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4 February 2025 | 2 replies
I have managed to get myself into a bit of a complex situation on my first deal and I'm looking for some advice.
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1 February 2025 | 23 replies
:)Just kidding.1) Stock market: may want to do this while exploring other options, just make sure funds are easily accessible2) Buy Multi-unit: two basic options:- Buy turnkey: may not cashflow for 3-5 years, depending on your management skills.- Buy someone else's problem: can you fix their problems?
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18 February 2025 | 7 replies
Somehow they manage to live with it.
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23 February 2025 | 16 replies
Being an agent is different than a w2 where you get guidance from a manager, or higher up.
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5 February 2025 | 16 replies
My top recommendation is to begin by contacting property management companies in each target area.