Old School! There are certain risks that come with having elderly tenants in a rental under your management. Some of those risks — like suddenly losing a tenant to a catastrophic medical incident — are relatively obvious, but many are more subtle. One of the nastiest traps comes from what seems to be a simple […]
If You’re Superstitious, You Can Bring The Febreeze and The Candle There are lot of different ways to screen tenants, but one of the best (and least understood) ways to ‘screen’ is to attract the highest-quality prospects you can in the first place. There are a few solid techniques for doing so — setting a […]
Your lease should make life easier on you and on your tenants. If you’ve ever had reason to pay attention, you’d notice that most of the sizeable property management firms around Detroit use their own lease agreements. Why? Simple: because as you manage more and more properties, you come across more and more circumstances that […]
You know, the ones that you should actually keep. Welcome to the fresh new year, with new beginnings all around. If you’re anything like us, you’ve been planning your New Year’s resolutions since just after you finished telling everyone what you were thankful for several weeks ago. Around here, the New Years resolutions look something […]
However unlikely, you need to be prepared! Real emergencies are thankfully rare, but they do occasionally happen — and when they do, you need to be prepared and act accordingly to avoid making the problem worse, minimizing your liability exposure and taking care of your tenants. The most efficient way to handle an emergency is […]
You may be surprised to learn it’s your tenants! There’s no such thing as a neighborhood with no crime. There are neighborhoods with less reported crime, and there are those areas that are plainly high-crime neighborhoods — but no matter where your property is located, you’re eventually going to have to deal with crime. If […]
The better this is defined in your lease, the better your chances of actually collecting something! So, here’s a scenario for you: a new tenant signs a lease and gives every indication that they’re about to move in…and then something comes up and they have to turn around and leave. They ask you to return […]