Even an otherwise-excellent investment property can become your Kryptonite if it needs too much work or you spend too much. We’re assuming by now that you’re reading this because you’re looking into becoming a real-estate tycoon and you want to know whether that rental investment you’ve got your eye on is likely to be worth […]
Americans are changing the way we think about the urban core…again. Since 2008, downtown office vacancies nationwide have increased to 12.4% — but suburban office vacancies are at a huge 16.6%. What’s going on? Well, there are a lot of theories, but the one that’s gaining the most traction is that the post-WWII migration toward […]
Your lease should make life easier on you and on your tenants. If you’ve ever had reason to pay attention, you’d notice that most of the sizeable property management firms around Detroit use their own lease agreements. Why? Simple: because as you manage more and more properties, you come across more and more circumstances that […]
You know, the ones that you should actually keep. Welcome to the fresh new year, with new beginnings all around. If you’re anything like us, you’ve been planning your New Year’s resolutions since just after you finished telling everyone what you were thankful for several weeks ago. Around here, the New Years resolutions look something […]
The Last Thing Your Holidays Needs Is An Accident. The holiday season is fun — travel, family, decorating, food, and games! They can also be stressful — travel, family, decorating, cooking, and entertaining! Here are some simple ways that you can take a little bit of the stress out of the holidays by keeping your […]
If Something Seems Amiss — Or Too Good To Be True — It Probably Is. You’ve probably seen stories on the news about renters getting targeted by zany scams on Craigslist and similar sites — but you rarely hear about the scammers that target landlords, and they’re surprisingly common. Getting scammed can do serious damage […]
If You Can’t Rent To the One You Love, Love the One You Rent To. Ask any successful entrepreneur who has been in business for more than a couple of years, and they’ll tell you: it’s cheaper and easier to keep an existing client than it is to find a new one. The same applies […]
Cashflow is King! Are you considering becoming a landlord? And you’ve already checked out the neighborhood around the place you’re considering buying? Then it’s time to look at the numbers and figure out if this place is a good rental investment. What Will Your Net Rental Income Look Like? The number one number to calculate […]
However unlikely, you need to be prepared! Real emergencies are thankfully rare, but they do occasionally happen — and when they do, you need to be prepared and act accordingly to avoid making the problem worse, minimizing your liability exposure and taking care of your tenants. The most efficient way to handle an emergency is […]
Landlords that get creative are landlords that keep tenants and make more money! Being a landlord is hardly all sitting down and raking in profits because you’re nice enough to let someone else live in your house — there’s a lot of work involved! Keeping your tenants in your properties and paying on time are […]