If you’ve already come to the decision to end the relationship with your existing Property Management Company (PMC), chances are they’ve dropped the ball in several aspects of their job. They could be disorganized, bad at communicating, or failing to deliver the quality of service that was promised or expected. But often this gets even […]
With the warm months behind us and the weather cooling, it’s only a matter of time before winter snow and ice are here! The last thing you want is tenants calling you on a freezing January night, saying their pipes have burst, flooding the entire basement and ruining their stuff (which they want you to […]
Have you ever wondered what the difference is between renting from a property manager versus an individual, or ‘DIY’, landlord? It mostly depends on how you want to communicate or engage with them and what type of relationship you’d like to establish, but here are some key factors to consider when comparing the two: Relationship […]
In this Investors’ Game Plan series, we’ve talked about everything you need to know before diving into the industry in Part 1, and Part 2 looked at how you can create a foolproof marketing strategy for your rental business. Assuming you’ve done well on those two fronts, by now, you’re probably beginning to gain pretty […]
In this 3-part series, we’re showing rental investors how to approach building a business the same way that entrepreneurs do it. In Part 1 of The Investors’ Game Plan series, we talked about some of the most important considerations to think about before setting up your rental business. This installment is about creating a foolproof […]
Looking to escape the 9-5 and attain financial freedom? Most people who dream of launching their own business want to gain full autonomy and the ability to live their lives more flexibly, rather than simply being stuck behind a computer desk. Yet nearly half of all new businesses fail within their first 5 years […]
Did you know that getting almost-evicted might stop you from being able to get a new car? That’s right–not only do eviction proceedings impact your future rentals, but also your credit history! It will haunt you when you’re getting a loan, mortgage, or credit card for at least the next 7 years. It doesn’t even […]
With the warm months behind us and the weather cooling, it’s only a matter of time before winter snow and ice are here. The last thing you want is tenants calling you on a freezing January night, saying their pipes have burst, flooding the entire basement and ruining their stuff (which they want you […]
We manage lots of properties for landlords who don’t live in the local area (Metro Detroit), or even in the country. For out-of-state rental investors like these, having a dependable property manager to be their eyes and ears is probably the most critical part of their strategy. Because of this, out-of-town landlords need to […]
One of the most valuable things a PMC does for a DIY landlord is make their rentals a business, not personal. So, if you met a potential partner who was going to help you run your business, would your first priority be making sure that they took as little payment as possible for their efforts? […]