NOTE: we originally started publishing this data monthly back in April of 2020 to assist our clients in understanding the developments & corresponding challenges related to the Eviction Moratorium. With most landlord-tenant courts pretty much back to normal, and very little feedback from our audience about the data, we’ve decided to save our staff time and switch […]
Detroit attracts buy-and-hold investors because it has: Low barrier to entry: Properties under $150k Healthy returns: Strong rental cash flow Long-term growth: High appreciation rates But you can only win here if you know where to invest. That’s because the City of Detroit has 183 neighborhoods, all different from one another (some pretty starkly different). […]
The landscape of Detroit’s housing market is set to undergo significant changes with the recent approval of two major housing proposals. The Detroit City Council recently approved revisions to the city’s rental property regulations with a decisive 7-1 vote. These changes aim to tighten the reins on landlords known for recurring infractions, refresh the escrow […]
We spoke recently about new proposed legislation (Senate Bills 205-208) that would prevent landlords from being able to discriminate against tenants on the basis of their source of income. If passed into law, this would mean that any landlord with 5 or more properties in the state of Michigan would be unable to reject Section […]
Welcome to North End. This neighborhood just north of Midtown Detroit is really one to watch for rental property investors. There are a LOT of opportunities here – you just have to pick the right block. That’s why we’re doing these Deep Dive series on each of the City of Detroit’s 105 neighborhoods. We want […]
As Royal Oak anticipates a surge in its renter population, landlords are presented with a unique opportunity to capitalize on the evolving housing market here. This southern Oakland County city, known for its vibrant downtown and residential neighborhoods, is already pretty popular with Detroit residents. But now, it’s set to witness a significant increase in […]
With rents and house prices rising, tenants are feeling the pinch. It’s becoming increasingly difficult to find affordable rentals in Detroit without sacrificing on quality. So, as the city continues to develop and evolve, where should renters look for a good neighborhood that’s still within budget? Let’s unpack the current rental market trends, then look […]
The holidays are right around the corner—the busiest time of the year for many, including landlords. While the festive season is a time for joy and good cheer, it can also be a particularly challenging time of the year for rental property owners. This is also the season when you want to spend more time […]
The Michigan State legislature has already approved Senate Bills 205-208, which together make it illegal for landlords to discriminate on the basis of income source. So can landlords still reject Section 8 tenants in Michigan? As of the time of writing (November 2024), the answer is: Yes. But for how long remains to be seen. […]
Landlords, take notice: The cost of a mortgage in Detroit is now cheaper than rent. The Motor City is one of only a handful of metros in the country that’s seen an increase in both rents and house prices, even as the rental bubble seems to be slowing in others. At the same time, attractive […]