The Michigan State legislature has already approved Senate Bills 205-208, which together make it illegal for landlords to discriminate on the basis of income source. So can landlords still reject Section 8 tenants in Michigan? As of the time of writing (November 2024), the answer is: Yes. But for how long remains to be seen. […]
Landlords, take notice: The cost of a mortgage in Detroit is now cheaper than rent. The Motor City is one of only a handful of metros in the country that’s seen an increase in both rents and house prices, even as the rental bubble seems to be slowing in others. At the same time, attractive […]
Detroit is undergoing a transformation right now. With Ford’s reopening of Michigan Central Station as a hub for automated vehicle research, the city is once again emerging as a hub for technology and innovation. Recent developments have underscored this evolution, with significant investments and relocations reshaping the city’s landscape. Two news stories highlight this shift: […]
Welcome to Corktown, the heart of Detroit’s booming rental market, where affordable housing and lucrative investment opportunities converge. There’s just one problem with taking advantage of all those great real estate gems… Whether you’re a seasoned investor or just starting out, the complexity of the City of Detroit—with its 183 neighborhoods—can be overwhelming. Each area […]
Purchasing your first investment property is an exciting venture that can lead to financial growth and passive income. However, it requires careful planning, thorough research, and strategic decision-making. This guide will walk you through the essential steps, focusing on the unique aspects of buying a property for investment purposes. 1. Financial Preparation Before embarking on […]
As lifelong Detroiters who have been managing rentals and investing in properties privately here for almost 30 years, this is the most exciting time for the city that we’ve ever seen. There’s been over $6.8 billion in capital investments, creating more housing, more jobs, and more growth for the city overall. The end result? A […]
NOTE: we originally started publishing this data monthly back in April of 2020 to assist our clients in understanding the developments & corresponding challenges related to the Eviction Moratorium. With most landlord-tenant courts pretty much back to normal, and very little feedback from our audience about the data, we’ve decided to save our staff time and […]
In case you haven’t heard, Detroit is making a major comeback. We’re Detroit locals who’ve been investing and managing rentals here for almost 30 years, and the past few years have seen a remarkable shift for the city: Billions in development from Ford, Penske and Quicken 100s of new condos being built Commercial districts being […]
Most Detroit rental investors focus on the lower end of the real estate market. That’s because it’s an ideal place to get onto the property investment ladder, making many landlords flock to the Motor City for its famous $100k-and-under deals. But the City of Detroit isn’t all about affordable single-family rental units. Just this month, […]
Detroit’s Avenue of Fashion is undergoing a renaissance. For rental investors seeking opportunities in a vibrant community steeped in history, the surrounding neighborhoods might be worth looking into. Stretching along Livernois Avenue from Eight Mile Road to Seven Mile Road, this area is not just a shopping district but a testament to resilience and community-driven […]