Inheriting a home often comes during a difficult time, and the decisions that follow can feel overwhelming. Sell it? Move in? Keep it in the family and rent it out? For many heirs in Southeast Michigan, renting the home is an appealing way to hold onto the property while it produces income.

Before you list it, here is what to think through.

Security deposit disputes are one of the most common problems landlords run into, and in Michigan the rules are detailed. A missed deadline can cost you the right to keep any of the deposit, and in some cases expose you to a claim for double the amount.

Here is what Michigan landlords need to know. (For a wider look at your obligations, start with our overview of Michigan landlord-tenant laws.)

Good rental homes in Novi and the surrounding Oakland County communities tend to move quickly. The renters who land them are usually the ones who show up prepared. Use this checklist to put your best application forward and avoid surprises on move-in day.