11 August 2025 | 8 replies
I would also ask them to address the section 8 tenant if they are breaking the lease and causing damages.
28 August 2025 | 36 replies
A turnkey rental is essentially a property that’s ready to go: it’s been fully renovated, has a property manager in place, and is ready to lease (or, in some cases, even has a tenant in place).
8 August 2025 | 3 replies
@Bobbie Russell add a utility cap to the furnished lease.
18 August 2025 | 4 replies
At that point, you would have to wait until their lease renews.
14 August 2025 | 1 reply
Over the years, I’ve worked on everything from renovating properties to structuring leases with operators who provide sober living environments.
8 August 2025 | 4 replies
How would I go about finding a sober living operator that could sign for a lease?
7 August 2025 | 4 replies
But you need to know what kind of lease structure they are offering.
13 August 2025 | 9 replies
Some cool benefits include expense tracking (per property), the Lease Indiciation Tool (helps predict the likelihood of a tenant renewing the lease giving you the chance to renew early and/or increase monthly rent if you know someone wants to renew), Tenant Communication (via their app), Maintenance Requests, Tenant Payments, and more.
28 August 2025 | 15 replies
Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.
25 August 2025 | 6 replies
Here’s my current situation and timeline:2023 – Purchased a rental property (currently leased for 1 year, managed by my wife).2024 – Bought a home, lived in it for 1 year, then fixed and sold it on June 16, 2025 (profit was minimal).June 21, 2025 – Bought a new construction home, lived there for 2 months.September 15th 2025 – Closing on another property.Additional details:Active Duty U.S.