Tag: acquiring rentals

Pros and Cons of MF vs SFR

Many property investors start out with single-family rentals because they’re easier to acquire and more familiar. As your unit count grows though, you may want to consider buying multi-family properties. A multi-family property may consist of units in a building with a common entrance or units with separate entrances. Several of either building type may […]

Is Your Rental Investment Still Worth It?

While there are no 100% hard-and-fast rules, here are some things that you definitely do need to keep in mind when you’re pondering that question One of the biggest problems with the high-risk/high-reward nature of the real estate market in the City of Detroit (versus the suburbs) is that when you hit that ‘high-risk’ side […]

The Yin and Yang of Metro Detroit Rentals

Most cities in Metro Detroit are worlds apart. The Metro Detroit area is one of the most polarized areas in the nation. One part is populated with people who tend strongly to be low-income, low-education, and low-demographic. The other is populated with people who tend to fall much closer to the national averages in those […]

How to Invest in a Blighted Neighborhood

Blighted neighborhoods are genuinely a trap, but they’re only a trap for the unwary. Blight – in Detroit, it’s essentially defined as “a property that hasn’t been maintained in so long that it is an eyesore and a hazard.” Detroit has several areas that are blight-ridden, where literally one street looks like any other (low-demographic) […]

Investing in Detroit Properties: A Fairy Tale

Don’t stake your claim until you know the potential pitfalls. Investing in Detroit Properties – Once upon a time, a somewhat-nobleman of modest wealth from a land far, far away heard whispers of our land, which was of course just as far away from him as he is to us. The whispers traveled across the […]

Under the Hood, Part I: How We Track Our Marketing Efforts

The Marketing Department IS responsible for the blog, so of course we’re going to talk about ourselves first!   This month, we’re going to give you a few glimpses of processes that normally happen ‘behind the scenes’ here at Royal Rose Properties, to show you why we’re proud of the way we do business (but […]

Why Isn’t My Property Renting? Part I: Marketing Evaluation

Did you know you can market wrong before you ever start marketing? You can imagine that every property manager gets this question on a regular basis. And we do! Yet, somehow, there’s not a whole lot of information on the subject out there. So we’re going to give you a short series this month on […]

How to Prepare Your Property for Summer

The summer months bring a lot of joy but can also bring some very serious challenges for the property owner as well. From paint-peeling hot weather to tornados and everything in between, there are many things that can cause thousands of dollars in damage, especially for the unprepared. While many of these things cannot be […]

Pre-Move-Out Inspections (and Why You Should Care)

Yes, you still need to do a Move-Out Inspection as well. A lot can change between ‘someone’s home’ and ‘no one’s home!’ One of the more annoying aspects of property management is the need to perform inspections when the tenant is still living in the home. Sometimes, it’s easy — but more often than not, […]

SEO for Property Managers: A Primer, Part IV: Social Media

Facebook asks, “What’s on your mind?” Twitter, “What’s happening?” Instagram asks “What did you have for dinner?” — and Pinterest asks “how many pictures of a macramé owl can you really comment on in a single lifetime?” Last Time: Off-Page SEO On to part four of our five-part series on SEO for Property Managers. Over […]