18 October 2021 | 53 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
22 July 2021 | 11 replies
Since I am employed full-time and have family activities, I am planning to price a property management company into my calculations from the start.I look forward to engaging and learning from you BP members!
14 July 2021 | 1 reply
However, when that finally happens, I still will not have had stable employment for 2 years.
19 July 2021 | 9 replies
That should give you an idea of how many rentals there are.Is there employment in various sectors?
21 June 2022 | 3 replies
That depends on migration data, building growth, employment growth, etc.
22 July 2021 | 9 replies
Many are also waiting for their employer’s official policy on remote work or working from home going forward.Compared to earlier this year, more sellers appear to be reducing asking prices after going on market.
2 August 2021 | 11 replies
You need to interpret the report, call landlord references and verify employment.
17 July 2021 | 9 replies
I’ve been extremely successful generating leads, and have basically created a referral based business.
16 July 2021 | 3 replies
Sounds like an employment issue, like you changed fields or had no income for a while.
9 March 2022 | 12 replies
I've ran the numbers through AirDNA and as an Airbnb, the 2BR/1BA in front can generate enough to pay the full mortgage.