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3 January 2025 | 7 replies
So the lower the interest rate on the subject to loan, and the higher the prevailing rate, the more chance that a lender will initiate action.
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29 January 2025 | 14 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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16 January 2025 | 3 replies
Focus on learning how they generate leads, negotiate deals, and close transactions.
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13 January 2025 | 10 replies
Since you mentioned REI Hub, I worked with REI Hub in the past and they had the same connection issues but their CEO is usually good about making quick updates to create a better user experience.That being said, there is no perfect solution out there regarding bank feed connections so I'd go with one you know and ensure the accounts are linked on a weekly basis to be confident every transaction is flowing through without interruptions.
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30 January 2025 | 19 replies
Outside of that, I am in a lower barrier to entry market of Cincinnati/Northern Ky.
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25 January 2025 | 8 replies
I price higher in other months so the lower occupancy doesn't hurt.Would love success stories on how to really attract.
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17 January 2025 | 4 replies
Taxes and requirements should be much lower for a LTR
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19 January 2025 | 56 replies
And yes, we’re focused on value-add and lower occupancy communities.
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16 February 2025 | 61 replies
Just much more profitable bookings as I set my price higher. booking.com brings people at a much higher price more than Airbnb brings people at a lower price.Originally posted by @Brendan Curley:@Ken Latchers what did booking.com do to prove you owned the home and how are they processing credit card payments for you?