Walking through the City of Detroit is fun—the thriving arts and music scene, the rich and captivating history, the affordable cost of living… But investing in Detroit rental properties is a different story. As a Detroit landlord, you must know how to attract quality tenants that’ll be responsible for rent, maintaining the home, and abiding […]
The market was doing well…until it wasn’t. In the past 8 months, the US rental market did a complete turnaround, ending the 20-month streak of increasing rent amounts across 27 of the 40 biggest cities. Prices fell by 0.1% in August 2022, according to Apartments.com, much to every investor’s despair—and may now threaten investment returns. […]
All good tenants know that it’s essential to pay rent on time. It promotes a good relationship with your landlord and shows you’re a reliable tenant. But promptly paying your rent is sometimes easier said than done. In June 2022 alone, 15% of Americans were behind on their rent payments. This is partly because rents […]
We’re not aware of any other local management company sending their clients these types of updates! Please let us know if you hear of another company doing so. Please be sure to share this with anyone you know interested in real estate investing or looking for a better property manager, so they can see what […]
As a landlord, you should always want the highest amount of effective rent for your properties. This usually means raising rents in step with market increases. Often, inflation and raising the rent lead to tenant turnover, which leads to loss of rent while a property is vacant and additional expenses getting it RentReady. Inflation in […]
As any rental property investor knows, there are ebbs and flows in market demand. This means that there are times of the year when the market is busier than others, and more renters are looking for a new home. And as it turns out, one of those busy times coincides with the start of the […]
While winter is generally a slower period for rental applications, things start to pick up in the middle of February as income tax refund season gets underway. Since many Class B and C tenants live paycheck to paycheck, an income tax refund gives them the funds for the first month’s rent and security deposit they […]
Hopefully, all your properties are full before the cold weather and snow start to set in. So, what can you do to ensure your rental property doesn’t sit empty this winter? As we enter the end of the year and into the colder months, we thought we would share some key points to help set […]
The City of Detroit may be called Motor City, but that doesn’t mean you always have to drive around. If you’re looking for a good weekend adventure, there are several biking trails in the City of Detroit with gorgeous views and scenic routes for you to enjoy. Plus, there are a lot of benefits to […]
We’re not aware of any other local management company sending their clients these types of updates! Please let us know if you hear of another company doing so. During this time of year, we reflect on the wonderful moments we have experienced, which include our client relationship with you. Have a joyous holiday season! We […]