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 […]
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, […]
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 […]
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 […]
Challenges are inevitable when you own or manage a rental property. One such challenge that landlords often struggle with is waste management. For instance, tenants letting trash pile up can cause you a ton of headaches. For one, it’s a health concern, with the possibility of attracting vermin. And on top of that, improper waste […]
Everything seems to be going smoothly with your rental unit, but your lease agreement is about to end and you need to stay a little longer What should you do? Well, there are two options: lease extension and lease renewal. Now, you might be thinking, what’s the difference between those two options? Although similar, they […]
Over the past decade, emotional support animals (ESA) have become the topic of discussion, popping up everywhere, from airports to rental properties. While these animals can provide their owners with great companionship and support, people have been faking emotional support animals just to bend the rules and keep their pets in rental units where animals […]
You’ve already got your first rental property—or a few—and now you want to broaden your portfolio. Should you stick to the same area, or expand into new locations to diversify? And if you want to look to greener pastures, what critical factors should you keep in mind? If you’re looking for a hot rental to […]
The market was doing well…until it wasn’t. In the past 8 months, the US rental market did a complete turnaround, ending the 20-month streak of increasing rent amounts across 27 of the 40 biggest cities. Prices fell by 0.1% in August 2022, according to Apartments.com, much to every investor’s despair—and may now threaten investment returns. […]
Do you find interesting investing in Metro Detroit real estate, but don’t know where to start? Everyone keeps telling you that the key to a successful investment is finding the right property, but you can’t find any good leads. The ones you’ve seen are either too expensive, need too much work, or both—which you don’t […]