Blog

2018-03-12

Identifying the ‘Target Market’ for Your Property

Realtors use the same strategies their competition is using and somehow expects better results. Any kind of post proposing to talk about ‘targeting’ a property advertisement has to begin with a caveat: do not take anything in this post as advising you to do anything that would violate the Fair Housing Act. That will get […]

2018-03-05

How to Get More Rent & Shorter Vacancies on the Cheap

More than cosmetics, a spiffy home protects a homeowner’s investment. Royal Rose Properties has a system for making sure that all of the necessary repairs get done before we try to move a new tenant into your home — but sometimes, doing more than is strictly necessary can be a big benefit to your bottom […]

2018-03-02

Do It Yourself Water Damage Repairs (Guest Post)

Water may be essential to humans, but it can spell death for a home. When you purchase a home, it becomes your biggest asset or baby that needs a lot of care and attention. Sometimes things can happen to your property that are beyond your control. You are away on a trip, business or otherwise. […]

2018-02-26

Your Property Management Agreement: What Does It Mean?

A Contract is a written list of the promises you have made. A Property Management Agreement is a complicated document. We get enough questions about ours that we figured we should probably do a little “Plain English” breakdown of the beasts. Keeping in mind, we’re not lawyers and nothing we say should be taken as […]

2018-02-19

What Makes Royal Rose Properties Different?

Different in a good way. Recently, one of our employees — the wonderful young woman who represents us at all of the local trade shows and association gatherings — asked me a question that really got me thinking. “What makes Royal Rose Properties different from the other property managers in the Metro Detroit area?” It […]

2018-02-12

Switching to ShowingHero: Good, Bad, and Beautiful

Technology can be the solution, but that’s after first defining what the problem is. Thanks to the loss of two once-great showing agents over the course of three months, Royal Rose Properties found itself faced with a dilemma: hire new agents and deal with all of the trial-and-error that comes with it, or find another […]

2018-02-05

The Crackdown Begins: Detroit vs. Landlords, Round 1

Tenants are now keeping a careful watch for an opportunity not to pay rent. February 1st marked the official commencement of Detroit’s initiative to get all rental properties certified by the City, and they’re doing it by ZIP code. Here’s how it works: • Each month (except April), the City adds a new ZIP code […]

2018-01-29

Things You Can Do Your Own To Reduce Heating Bills

No, ‘stop paying your heating bills’ is not the correct answer. Keeping your home warm during winter can be a struggle if not correctly done which can lead to a very high electricity bill. There are many installations a person can invest in which will ensure that one’s home stays nice and warm on those […]

2018-01-29

Big Challenges of Property Management: Accounting Edition

U mad, bros? When it comes to property management, every phase of the cycle has its own unique challenges. This month, we’re going to ‘go deep’ on a few of the most challenging areas of our business, talk about what our greatest challenges are, and how we’re currently trying to address them. Today, we’re talking […]

2018-01-22

When a Detroit Property Manager Goes Out of Business

“This, too, shall pass.” We received word a few weeks ago that one of our major competitors in the Detroit area was going out of business. Of course, it’s always good news from a business perspective when a competitor leaves the arena, but we realize that many other people might have a different experience, and […]

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