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.

JMZ Blog › Investor Guides

The rent will cover all of your costs only if it is larger than your mortgage payment, property taxes, insurance, management, routine repairs, savings for big-ticket replacements and an allowance for vacancy, added together. Most new investors count the first three and forget the rest, which is how a rental that looks profitable on paper ends up costing money every month.

Michigan winters can be tough, but a little preparation goes a long way. These simple steps help you stay comfortable, avoid emergencies, and keep a good relationship with your landlord.