Yes, it’s possible to live off passive income alone. In fact, many people do just that. While it may not be the most popular career choice, living off of rental income can provide a comfortable life if done correctly. We often see haphazard and impatient rental investors give up on their properties and tenants just […]
While the American dream is to own or rent a home is its own significant feat in most of our lives. Whether you’re a college student who just moved out of your parent’s home or a small family who hasn’t found the perfect opportunity to become homeowners yet, renting offers a great way for you to […]
What happens if the pandemic goes on for the next six months? The next year? What if it goes on much longer than we were originally expecting, and lasts another two years? With the way experts have been talking about the potentially slow delivery of a vaccine, that’s a possibility that’s starting to seem increasingly […]
These past coronavirus-filled months have been extraordinarily difficult for most landlords. Though way back in March, President Trump expressed positivity that we’d get over this pandemic “quickly,” in reality, nobody knows how long this will last. Many landlords weren’t prepared for the pandemic shut down and didn’t have reserves or financial planning in place […]
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 […]
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 […]
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 […]
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) […]
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 […]
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 […]