JMZ Blog › Investor Guides
The rent you can realistically charge is what similar homes nearby have actually leased for recently, adjusted for your home's size, condition, features and the time of year you list it. It is not the highest listing price you can find, and it is not the number that makes your spreadsheet work.
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.
