Farmington Hills is one of Oakland County's most established communities, with a mix of single-family neighborhoods, condominiums, and apartment communities. It is just minutes from JMZ Management's Novi office, and it attracts renters looking for access to major highways, employers, and everyday conveniences. We also work with owners in nearby communities such as Northville, Livonia, Plymouth, and Canton.

If you own a rental in Farmington Hills, the right property manager can protect your investment and save you a lot of time. Here is what to look for.

JMZ Blog › Investor Guides

The cash you need to buy and operate a rental home is the down payment plus closing costs, inspections, any repairs before the first tenant, leasing costs, a few months of carrying costs while the home is empty, and a cash reserve for surprises. The down payment is usually the biggest piece, but investors who only save for the down payment are the ones who end up scrambling when the furnace quits in month three.

Property management in Metro Detroit costs a monthly management fee (usually a percentage of rent), a leasing fee each time a new tenant is placed, and a few smaller one-time or optional fees; at JMZ Management that means 10% of monthly rent with a $100 monthly minimum, plus a leasing fee equal to the first month's rent. Below is the full 2026 fee breakdown, with worked examples so you can estimate your own cost.