Author: LPM Admin

The Crucial Points to Understand about Your Rental Lease

Signing a lease without proper understanding it could lead to disagreements with your landlord or even worse, going to court. Taking the time to read your lease, asking clarification questions, so you understand it and following the terms of your lease, will help you have a better rental experience!  What is a Rental Lease?  Most tenants don’t really understand that a […]

My Landlord Wants to Show My Home Before I Move Out

Why Would I Want Anyone Showing the House I’m Living In? So, your lease is ending and with your target date to move out approaching in less than 30 days, your landlord is telling you they want to show your home to potential new tenants. When you tell them you’re too busy to accommodate any […]

Personnel Tales from a Detroit Property Manager: HR Edition

In the past, we’ve written posts about the challenges of dealing with owners, tenants, vendors, contractors, city inspectors and more. Well, we also have to deal with our own workers. So, we’d like to share a couple of stories with you about the things that happened to and with people we employ. Where Did They […]

Tips for Newbies Investing in Real Estate

Learn how to find & buy properties in Detroit, and make money through real estate investing. Investing in real estate is a tough gig to get in on, especially when you have no idea where to start. Here are a few of the tactics that our owners have used to find their first — or […]

The 3 Most Common Eviction Mistakes DIY Landlords Make

Eviction is the legal process whereby a landlord regains possesion of his rental unit, typically for nonpayment or other lease violations. Each state has their own well-defined laws and procedures for evicting tenants. Failure to follow these correctly may result in money-costing delays and/or force a landlord to start the eviction process all over again. […]

I’m Moving Out! Can I Get My Security Deposit Back ASAP?!

Ah, the security deposit… a financial burden when moving in, a blessing when moving out – but wait, it’s not as easy as that. ’ Hold your horses! Chill for a sec, and let’s look more closely about this security deposit you so hastily want back. There might be some easy reasons that you don’t […]

Maintenance Lessons Courtesy of the Polar Vortex

Winter is always a busy time for the Maintenance crew, and the kinds of work that need doing in the winter tend much more toward ‘emergency’ This year, Metro Detroit got really cold. The news pointed out on a couple of occasions that it was colder in Detroit than it was in Antarctica! And that […]

Is Your Rental Investment Still Worth It?

While there are no 100% hard-and-fast rules, here are some things that you definitely do need to keep in mind when you’re pondering that question One of the biggest problems with the high-risk/high-reward nature of the real estate market in the City of Detroit (versus the suburbs) is that when you hit that ‘high-risk’ side […]

How to Manage Online Reviews

Every business gets negative reviews. Yours will too. How they effect your buyer’s decisions is entirely based on how you respond to it. We’re all aware of the importance of online reviews in today’s business. Thanks to the internet, it’s easier to share an opinion now, or to make decisions based on perceived satisfaction. In […]

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