Blog

2020-05-25

5 Ways to Save on Electricity Bill in Times of COVID-19

  The Coronavirus outbreak has suddenly and completely altered the way we live. Over 90% of Americans are currently under some form of lockdown, which means spending the majority of our time at home. As more and more people switch to working from home (or just binge watch Netflix shows) and use their electronic devices, […]

2020-05-18

Beginner’s Guide to Working with a PM Company, Part 1

  Hiring a good property manager can be the key to scaling up your rental investments. Working with a property management company frees up time for landlords to focus on growing their rental portfolio, rather than on the day-to-day business of tenant screening, property inspections, and maintenance issues. So if you self-manage and you’re looking […]

2020-05-11

What Impact Will Coronavirus Have on Metro Detroit Property Prices

  At the start of 2020, Metro Detroit’s real estate industry was performing well. Many investors were looking forward to the onset of the spring homebuying season, until coronavirus hit pause on everything. According to Retail Wealth Network’s 2020 market research report, the Motor City has shown a year-on-year real estate market growth across a […]

2020-05-04

Turnkey Real Estate: When Is The Right Time To Buy A Turnkey rental?

Photo by PhotoMIX Ltd. from Pexels The coronavirus pandemic has got many investors wondering what the future holds for real estate. The current economic uncertainty makes it difficult to answer the question “when is the right time to buy an investment property?” For turnkey real estate investors, the answer is even more complex, since it involves looking at […]

2020-04-27

Understanding Your Michigan Security Deposit

Your security deposit is an amount you escrow with your landlord, to cover any potential damages that may occur to the property during your tenancy. As the name implies, it’s a deposit that you own through your lease term, even though your landlord has possession of it. Legally it must be returned to you within […]

2020-04-20

Handling Squatters in Michigan

When you hear the word “squatters”, it probably conjures up images of a homeless community or an abandoned house used as a drug den in the inner city. Though in many cases that may be true, modern-day squatters may be someone you diligently screened and leased to. Whether one of your holdover tenants refuses to […]

2020-04-06

Exit Survey: Why Is Your Tenant Leaving?

Tenant exit survey can be an effective tool to improve tenant retention by addressing any issues that may be causing your renters to look for a new home.   Most tenants regularly move for a variety of reasons; it’s merely the nature of the business. The more doors you manage, the more times you have […]

2020-03-30

Landlords Assume the Worst When Tenant’s Don’t Communicate

  Landlords can only assume the worst when your payments aren’t made on time and they don’t hear from you or you avoid them. We just took over the management of quite a few single-family homes with existing tenants. As communication is critical to fostering a good landlord-tenant relationship, we invested the resources into sending […]

2020-03-23

What’s More Important to Renters – Cheap Rent or a Nice Home?

We’d like some feedback from any readers on the dilemma of what’s more important to the majority of people looking to rent a home – cheap rent or a nice home. We consistently have prospects looking at the rentals we have, telling us that they’re the nicest they’ve seen so far, but few of these […]