June 2012

Found 5 blog entries for June 2012.

As an investor, you take a big risk trying to buy properties you intend to hold as rentals if you don’t spend a vacant_640considerable amount of time researching the area and the purchase beforehand.  While a home might look like a bargain, and something that would be beautiful after some renovation, it doesn’t mean that the home will rent easily.

If you can’t fill it with tenants, even with the help of a property manager in Michigan, you’re left holding a liability instead of a profitable asset.

Before you start picking up investment property, especially for the first time, there are some things you can do to ensure that your rental properties will in fact be easy to rent:

1. Talk to rental agents in the area.  If you work with an agent who handles a lot of

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pet_friendly_property_manager_425Have you been soured by a past experience involving a tenant with unruly pets?  Landlords and property managers in Metro-Detroit often want to protect their investment to reduce maintenance costs and property upkeep by issuing “no pet” policies on their property.  If you want to drive your profits in the right direction, and fill vacancies, then you may want to consider a change to get pets into your rental property.

According to a recent study from the Foundation for Interdisciplinary Research and Education Promoting Animal Welfare (FIREPAW), the average pet-friendly rental doesn’t suffer any additional damage beyond typical rental units. 

With the rough economy, especially here in the Metro-Detroit area, more people are adopting family pets as

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If you’re new to real estate investment, or you find yourself making the transition from homeowner to landlord, youmetro_detroit_property_manager_home_for_rent_400 are discovering unfamiliar territory.  This includes collecting rent, dealing with emergency repairs, screening tenants, renovations, marketing and more.  Having to deal with these on a regular basis can make even a savvy real estate investor turn sour.

In the absence of a magic button or a genie to simplify the entire process, there are still plenty of things you can do to keep the process running smoothly.  Headache free property management? It’s a strong possibility. 

Here are some tips to help you make an easy transition to the life of a landlord and reduce the associated stresses.

Don’t get too big too fast

While the concept of

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Without a Michigan property manager to handle the finer details of your real estate investment, what exactly would bad_tenant_property_manager_401you do when problem tenants pop up?  It's likely to occur at some point, because even if you carefully screen tenants there are problems in life that can turn a great renter into a problem tenant.

When you're managing property in Metro Detroit, you have a lot to think about.  You're focused on making money from your rental and that requires an agenda and budget that you try to stick to - but what if your tenants don't care for your agenda?  What if they fight you at every turn by paying rent late, filing complaints on property conditions, constantly calling your emergency line for non-emergency issues, pressuring you with family, damaging

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Buying your first investment property can be exciting, but the process is completely different from buying real estate property_manager_in_michigan_300for personal use.  Personal real estate is often bought with emotion and personal feelings but real estate investment requires clear thinking with a singular goal in mind:  To turn a profit.

As complicated as real estate investment can be, it can be made far simpler through intelligent decisions and making plans – such as using a property manager in Michigan to reduce a lot of the day-to-day headaches.  Here’s a simple guide to follow to ease into real estate investment and be a more successful landlord.

Protecting your Investment with Tenant References

There are some amazing properties I southeast Michigan, and we absolutely love

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