We are always running into people that want to get involved in rental real estate, but don’t know where to start. It’s really not that hard, but you do need a plan. Even better, find an experienced mentor that can assist you through the challenges and give you real advice. So, what do we tell novice […]
Now is one of the best times ever to expand rental holdings – low prices & rising rents! Google “rental vacancy rates” or “rising rents”. Go ahead, I dare you. What you’ll find are a lot of articles from all manner experts predicting rents will be going up in the near future. Of course, you’ll […]
Many of our tenants don’t have medical insurance, much less dental insurance. There is an affordable way to protect your smile. We’re always trying to find ways to help out our tenants as we realize times our tough. So, when we met a representative from Baker College’s Dental Hygiene program and heard what they had […]
Both DTE Energy and Consumers Energy offer “Appliance Service Plans” that can make life easy for do-it-yourself property owners in the metro Detroit area. You’ve filled your latest vacancy, got the tenant in with all the necessary documents & disclosures signed and everything should just be on auto-pilot from here on out, right? Wrong! Murphy’s […]
If you can’t fill out a rental application correctly or provide the requested documents, why would someone rent to you? We recently shredded a rental application from a prospect interested in a property, without processing it. Why? Much of it was illegible, parts of it were blank and after waiting 3 days we still hadn’t […]
How do you protect yourself? This is a great topic property owners need to be aware of! We ran across a great article recently about protecting yourself from liability when you enter your property for a repair or inspection. In our sue-happy “civilization”, it seems everyone will sue whoever they perceive to have the money. […]
Property managers come in all “shapes, sizes & flavors”. You’ll only be happy with the one that meets all your expectations. Choosing a property manager (PM) for your rental portfolio is one of the most important tasks you’ll undertake to insure your real estate investment future. In searching for a manager, you’ll want to do […]
Rents are predicted to rise for the foreseeable future. Renters need to budget accordingly. The Great Recession the US is experiencing coupled with the Housing Meltdown, is leading to more and more renters, driving up the cost of rents. With just a tiny bit of research, renters can verify this. A recent Fortune magazine […]