Visiting Metro Detroit to invest in real estate usually means long days driving around neighborhoods, viewing property after property, and meeting with potential/current team members. You’re obviously not going to cook, so you eat out by default. After a long day, you deserve more than a fast-food meal. So, we’ve put together a list of […]
As we approach the conclusion of our Ultimate Real Estate Glossary, the time has come to tackle tricky terminologies starting with the letter T. Our goal is simple: We aim to inform you of the industry’s difficult-to-understand words and terms from A to Z, all to help you make well-informed investment decisions in the real […]
Whether you’ve been renting for years or you’re just getting started in the real estate industry, it’s important to know your landlord responsibilities or legal obligations as a landlord. As a landlord, you can’t just rent a property and forget about it. Just like your tenants—you have certain responsibilities. Thankfully, when it comes to […]
If you think renter’s insurance isn’t necessary, think again! Most people skip out on renter’s insurance because they incorrectly assume that: The landlord’s policy covers them. But landlord’s property insurance only covers the losses to the building—not your belongings, property damages, or potential legal costs. They underestimated the value of all their possessions combined. Try […]
We truly hope you appreciate our extra efforts to keep you informed about the COVID impact on tenant rent payment performance. There are a lot of issues outside of our control, but we want to communicate to keep you informed. Please send us any suggestions for what additional information you’d like to see. Please be […]
Capitalization rate (or cap rates) is a term that real estate investors use to determine the value of an income-producing property. Unfortunately, it’s also one of those terms that cause head-scratching among some people, as it sounds like something you’d see in an accounting course rather than when talking about mortgages and properties. So what […]
Whether you’re new to real estate or simply looking for a way to refresh your knowledge, you’ve come to the right place to learn about real estate terms. In this article, we’ll define important words that start with the letter S as part of our Ultimate Real Estate Glossary, covering all the letters from […]
When you’re looking over your real estate contract, it helps to know the technical jargon and understand what you’re really about to sign. That’s what the Ultimate Real Estate Glossary was made to do. We wrote this guide to help you through the confusing tangle of real estate terminology so that you don’t have to […]
The majority of tenants won’t experience an eviction while renting. In most cases, you can prevent yourself from being evicted by being a good tenant and following the rental laws in your area. However, sometimes life is unpredictable and accidents can happen, putting you at risk personally and financially. If you’re wondering what can happen […]
“Wear and tear” has to be one of the vaguest descriptions used in landlord-tenant laws. What’s considered reasonable wear and tear? When does it qualify as extensive damage to your rental property? Not only is it difficult to determine, but landlord-tenant laws also vary across different states when it comes to defining this. What’s wear […]