Imagine if credit bureaus could enable collection of information regarding cash for keys agreements You're absolutely right—landlords often rely on eviction records to assess tenant risk, but that only captures part of the picture.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.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.

Whether this be next to you in Houston, or in another market depends only on your investment goals.I would caution you that if you were looking for an area that has good metrics and will get in the path of appreciation it may be hard to find 10% COC at 20% down.

Getting pre-qualified or having a lender relationship in place will give you clarity on:(a) What size/type of deal you can realistically pursue(b) What kind of down payment and reserves you’ll need(c) Whether you need a co-sponsor or key principal if you lack experience(d)The loan programs available to you based on your profile 

Tenants who receive cash for keys often don't pay any income taxes on thi.

It saves time and keeps everything organized for tax season.Key Metrics to Monitor• Monthly cash flow per property• Expense categories as a percentage of revenue• Occupancy rate and average nightly rate• Net operating income• Owner distributions and reserve levelsPortfolio DashboardingOnce your books are clean and consistent, you can build a Google Data Studio or Excel dashboard using QuickBooks exports to monitor performance across your portfolio.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.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.

You will likely need to use 2 seperate excel models and use a metric that is easily comparable(relative cash flow, IRR, net cost).Traditional Buy and Hold: Typically requires 20-25% down, and will come with a slightly higher interest rate .75-1.5% over prime.

This site is 80% newbies who are learning how to crawl.Call local agents in Key West who know the serious investors in that area.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.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.