Finding new talent in the real estate construction and maintenance business usually means some amount of trial and error. The head of the Maintenance Department chatted with me about the struggles that his Department is facing lately, and we realized after a bit of chatting that the majority of their problems come down to the […]
Yes, we’re doing more much more than put a “for rent” sign on your property. Recently, our Marketing Department had an interesting interaction with an owner whose rental unit just wasn’t moving, for reasons that no one could control. The owner asked us if we could do anything extra in terms of emergency marketing to […]
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) […]
50% of workers say they’re not sure what’s expected of them in their job. Sounds crazy, but it’s true! The Royal Rose Properties Maintenance Department deals with an extraordinary range of contractors, from the down-and-dirty “Chuck with a truck” guys to professional builders who offer ALL the services – and charge you for all those […]
A good property management team can make your investment work. Royal Rose Properties is a fairly unusual property manager – we do a lot of things that most property managers don’t. In particular, we’re renowned for our in-depth record-keeping, our unique approach to the most high-risk/high-reward neighborhoods in Detroit, and for having a relatively vast […]
How do you all deal with being a landlord when it seems that tenants are constantly angry? When you manage almost 400 properties spread across just under 200 portfolios, every detail matters. You get to see the kind of patterns that form from “big data” – but you also, just by pure statistical chance, get […]
Want to Fix Tenant Toilets at 3 a.m. and Lose All Your Money? Being a DIY landlord can, if you play your cards right, be a pretty low-key affair – our last week’s blog post has some clutch pointers on that. But it’s also fairly normal for landlording to kind of creep out of its […]
To achieve more free time and not be tied to a demanding landlording job, you’ll do yourself a favor by building your systems now. One of the benefits of being a do-it-yourself or DIY landlord is that you get to choose just how much time and energy you want to put into landlording – obvious […]
Companies are certainly catching onto the trend of “no office space” and it’s changing the way they work. One of the aspects of Royal Rose Properties that our owners and tenant find the most disconcerting is that we have no office space. There’s no door you can go knock on and have someone from […]
The secret on getting tenants to do what you want: Show genuine interest to them first. So how do you get people to actually do what you want them to do? Well, obviously, if people base their decisions on their relationship with you (or your business, in this case), you gain influence over other people […]