---
title: "A Property Manager's Landlord Guide: 6 Tips to Protect Your Investment"
description: Real estate investment can be a challenge for a new investor. Use these tips to protect yourself and your investment.
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# [A Property Manager's Landlord Guide: 6 Tips to Protect Your Investment](https://www.jmzmanagement.com/jmz-blog/a-property-managers-landlord-guide-6-tips-to-protect-your-investment)

Buying your first investment property can be exciting, but  
the process is completely different from buying real estate ![property manager in Michigan handing over keys to new tenants](https://www.jmzmanagement.com/hs-fs/hubfs/Imported_Blog_Media/property_manager_in_michigan_300-2.jpg?width=300&height=225&name=property_manager_in_michigan_300-2.jpg "property_manager_in_michigan_300")for 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 ](https://www.jmzmanagement.com) 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 the people in the Metro-Detroit area. Unfortunately, there are always  
less-desirable people mingled in with the community and you need to protect  
your investment.

References can be a burdensome step and that’s why many  
landlords skip it – some think they have a great gut instinct when it comes to  
judging people. Skip the references  
however and it could lead to countless problems later. Even better, if you work with a property  
manager in Oakland county or Wayne county, you don’t have to do the leg work  
and you uncover a wealth of information about potential problems before you  
have a lease agreement with the problem tenant.

### Get Everything in Writing with Tenants

Your tenants have a lot of rights when it comes to housing,  
but as a landlord and property owner you also have rights. In order to protect the rights of everyone  
involved, get everything in writing.  
This includes the code of conduct you expect tenants to adhere to, the  
rental application, reporting of problems, animals, community rules, etc.

If the idea of trying to remember everything you need for a  
quality lease agreement, work with a property manager in Michigan. An experience property manager can help you  
develop a custom lease agreement that is more in depth than cookie-cutter  
agreements pulled for free from the web.

### Make your Property Appealing

If you want to attract higher quality tenants and keep those  
great tenants happy, then you need to provide stellar grounds and property  
maintenance. That includes keeping the  
property clean, landscaping trimmed, handling security, current market  
appliances, etc. Not only will things be  
more visually appealing but you reduce your property liability – and added  
security measures could make tenants feel safer (even willing to pay more)  
while reducing your insurance premiums.

### Coverage with Adequate Insurance

Not only should you be covered by property insurance to  
protect your investment in Michigan, but you should protect yourself with  
liability insurance. A single incident  
with a bad tenant (or even a good one) could wipe out your investment and leave  
you with pockets turned-out.

### Invest in a Property Manager in Michigan

No matter the age of the home you invest in, it’s a sound  
idea to work with a property manager.  
Not only can they help with a lot of the above points, but property  
managers can be extremely helpful in giving you a hands-free solution to  
managing your investment. That includes  
making repairs as needed to avoid your property suffering. The longer you wait for something to be  
fixed, the more costly the repair.

Lastly, make sure you follow all of the local municipal  
regulations as well as state and federal regulations for renting out your  
property. The [FHA ](http://www.justice.gov/crt/about/hce/housing_coverage.php)provides precise  
guidelines/regulations to help landlords avoid issues of discrimination. Violate those regulations and you face hefty  
lawsuits. This is where you can benefit  
most by working with an experienced, qualified property manager in Michigan.

 Topics: [landlord tips](https://www.jmzmanagement.com/jmz-blog/topic/landlord-tips), [michigan property management](https://www.jmzmanagement.com/jmz-blog/topic/michigan-property-management), [property management](https://www.jmzmanagement.com/jmz-blog/topic/property-management), [real estate investment](https://www.jmzmanagement.com/jmz-blog/topic/real-estate-investment)

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