3 Tell-Tale Signs Your Rental Has Electrical Problems (And What to Do)

“With great power comes great responsibility.” An electrical problem can put both landlords and tenants at risk. So, if you’re a rental investor, you need to ensure that you have a safe rental property to avoid any potential accidents or legal issues. Unfortunately, many landlords fail to recognize the signs until it’s too late. To […]


How to Minimize Closing Costs when Purchasing Real Estate

Closing costs. The very phrase seems to cast a shadow over your dream investment, conjuring visions of draining your hard-earned money. So, of course, you want to know if there’s any way you can keep the closing cost as low as possible, especially when it usually comes in at up to 5% of the total […]


3 Ways to Baby-Proof Your Rental Property for Family Tenants

As you may know, having family tenants can bring multiple benefits—like longer rental periods and greater motivation to keep the house clean and well-maintained. But with families come children, who require extra safety precautions when it comes to living at a rental property. From baby-proofing outlets and cabinets to securing windows with safety locks, ensuring […]


Is It a Good Idea to Rent to Tenants with Felony Records?

As a landlord, you probably have dealt with your fair share of tenant dilemmas. But have you ever come across an applicant with a felony record? Should you even remotely consider renting to someone like that? Doing so carries certain risks, such as a lack of recent credit and employment history to go on. But […]


Tenant Payment Performance Update v2023 – 10

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 interested in real estate investing or looking for a better property manager, so they can see what they are […]


Landlords: Accounting 101: Understanding the Numbers in Rental Properties

One small mistake with your rental property accounting can lead to big consequences. Forget to collect rent on time, or at all? You lose revenue. Don’t have a proper record of your maintenance fixes? Your budget is suddenly overrun, or you can’t claim tax deductions. Overlooked paying for HOA fees? You’ll have to pay a […]


How to Handle Tenants’ Unreasonable & Reasonable Requests

The landlord’s dilemma can be a rollercoaster, especially when dealing with tenants with a never-ending list of peculiar requests. From changing lightbulbs to expecting an endless supply of toilet paper, it’s as if tenants think you’re responsible for everything in the house, because you’re the landlord. While some landlords want to be helpful, it’s important […]


Tenants: Protect Your Security Deposit by Cleaning (Not Replacing!) Appliances

Picture this: you’ve just moved into a new rental property, excited to settle in and make it your own. You’ve paid your security deposit, and you hope to get the entire amount back by the time your lease agreement expires. Nonetheless, it’s inevitable for tenants to feel anxious about the potential deductions from their security […]


Mobile Home Flipping: How to Do It and If It’s Worth It

The housing market is experiencing rapid price growth with enticingly low interest rates. As a result, more and more investors are capitalizing on the opportunity to purchase homes, renovate them swiftly, and sell them at a profit. However, despite the surge in home flips and investor optimism regarding returns, home flipping profits are on a […]


Should You Pay a Tenant to Leave? Are Landlords Allowed to Even Do That?

Are you a landlord struggling with an unwanted tenant? You’ve seen posts from other landlords talking about Cash-for-Keys, but is this legal? Finding yourself in the midst of a difficult evasion situation can be extremely stressful, but knowledge is power. Before you attempt any drastic measures—like paying a tenant to leave—it’s important to understand your […]

Signup for regular real estate updates and tips for the Metro-Detroit area