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 […]
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 […]
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 […]
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 […]
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, […]
Collecting rent, in full and on time, is the number one thing a landlord needs to do to be successful and have consistent cash flow. But, especially in Class C or D rental markets (where lots of new investors start out because the houses are affordable), this isn’t always easy. You’ll almost certainly have to […]
As a landlord, it’s always ideal to have some basic knowledge and skills to take care of the repairs that will inevitably come up in your rentals without needing to shell out for a contractor. Let’s consider the two approaches: DIY-ing and hiring a professional. If you want to be hands-off, make sure that […]
We live in a world where communication is key, but not all businesses are good at it. Telecommunication providers, for example, are notorious for their annoying and barely-responsive customer services… if you can even reach them at all. It’s no different in the service-oriented real estate industry. PMCs are supposed to manage properties and tenants […]