Blog

2024-05-13

$3B in Investment Coming to Detroit & What Landlords Should Do About It

Have you heard the buzz about the exciting $3 billion development coming to Detroit’s New Center area? This collaboration involves big players like Henry Ford Health, the Detroit Pistons, and Michigan State University. You might be curious: how will this affect your real estate portfolio? We’ll examine each new investment and analyze what it means […]

2024-05-09

1031 Rules in Michigan: What to Know if You’re Selling Your Rental

Among the most advantageous, yet intricate, mechanisms available to landlords is the 1031 exchange – a tax-deferral strategy that, when executed correctly, can significantly enhance the profitability and sustainability of your real estate portfolio. Named after Section 1031 of the Internal Revenue Code, this provision allows investors to defer capital gains taxes on the sale […]

2024-05-07

Tenant Payment Performance Update v2024-04

We’re not aware of any other local management company sending their clients these types of updates! Please be sure to share this with anyone you know interested in real estate investing or looking for a better property manager, so they can see what they are missing! EVICTIONS UPDATE We’re not having many issues with evictions […]

2024-04-29

How to Make Tenants Pay for Repairs

One of the critical duties of a landlord is keeping your rental property in tip-top shape. It’s also your job to make sure you’ve set aside enough to cover repairs and maintenance for your rentals. But it’s NOT your job to pay for every single thing – like when a tenant breaks a window, for […]

2024-04-23

The 2024 NFL Draft – What it Means for Detroit Investors

The City of Detroit will be hosting the NFL draft for the first time this week. This isn’t just big news for football fans, it’s also one of those things that should make property investors sit up and take notice. So, although we don’t normally talk about pro sports here, this time we’re going to […]

2024-04-15

These 5 Detroit Neighborhoods are Getting a $14.5M Investment

Detroit is on the brink of yet another exciting transformation, thanks to a generous $14.5 million state grant awarded by the Michigan Economic Development Corp. This significant financial boost, aimed at supporting five neighborhood projects with a blend of residential, office, and commercial uses, opens up a realm of investment opportunities for astute landlords to […]

2024-04-09

How to Get More College Student Tenants

There are pros and cons to getting tenants that are college students. On one hand, if things go smoothly, that guarantees you around 4 years of tenancy. Even after, there’s a steady demand for rental properties in areas where universities are located. On the other hand, it’s not always rainbows and butterflies with college students, […]

2024-04-06

Tenant Payment Performance Update v2024-03

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

2024-03-26

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 […]

2024-03-25

Why are Detroiters’ Water Bills Skyrocketing (And What Can Tenants Do)?

Bills, bills, bills. Utility bills are constant and never-ending. It definitely doesn’t help when costs are increasing too. Your water bill is one of them, and if it’s causing you stress, you’re not alone. Water rates have increased as much as 40% since 2010 in Michigan. Unfortunately, this upward trend is expected to continue, with […]

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