General tips and advice for finding, working with and succeeding with a Michigan-based property management company
There are currently 6 blog entries related to this category.
Monday, July 9th, 2012 at 1:09pm. 685 Views, 0 Comments.
If you're debating a change in the floor of your rental units and investment property, give it careful consideration before making a move. It shouldn't simply be a matter of which is easier for you or the tenants to maintain.
Ideally, if you're working with a property manager in Michigan, the general maintenance is included anyhow so maintenance shouldn't necessarily be an issue. Let's look at the pros of adding hard wood floors into your rental space.
Perks of Wood Floors
1. The most obvious perk is already mentioned. Wood floors are typically easier to maintain and clean, and have a longer durability and life that most carpets designed for rental units.
2. Hardwood enhances the overall image of the home which could help it rent and sell…
Friday, June 29th, 2012 at 2:20pm. 380 Views, 0 Comments.
As an investor, you take a big risk trying to buy properties you intend to hold as rentals if you don’t spend a considerable amount of time researching the area and the purchase beforehand. While a home might look like a bargain, and something that would be beautiful after some renovation, it doesn’t mean that the home will rent easily.
If you can’t fill it with tenants, even with the help of a property manager in Michigan, you’re left holding a liability instead of a profitable asset.
Before you start picking up investment property, especially for the first time, there are some things you can do to ensure that your rental properties will in fact be easy to rent:
1. Talk to rental agents in the area. If you work with an agent who handles a lot of…
Friday, June 8th, 2012 at 2:42pm. 298 Views, 0 Comments.
When you're managing property in Metro Detroit, you have a lot to think about. You're focused on making money from your rental and that requires an agenda and budget that you try to stick to - but what if your tenants don't care for your agenda? What if they fight you at every turn by paying rent late, filing complaints on property conditions, constantly calling your emergency line for non-emergency issues, pressuring you with family, damaging…
Friday, May 25th, 2012 at 4:22pm. 248 Views, 0 Comments.
When you’re dealing with new investment property with the intent to rent or lease that home, one of the most difficult things to do is establish the right rent amount. New landlords often find it difficult because simply doing a comparison on other homes in the area isn’t enough. There’s a lot to consider including amenities, location, maintenance costs, taxes and more. This is why so many owners in southeast Michigan turn to property managers in Oakland County and Wayne County.
Having a property get swamped in applications and rent out quickly is usually a good thing – but it could also mean that you’re not charging enough rent. If the property seems to sit empty, that’s often a clear indication that the rent is too high.
So how do you set the…
Saturday, April 28th, 2012 at 3:16pm. 284 Views, 0 Comments.
No doubt that many families feel a strong connection to their pets – most consider them a member of the family and feel the same love and affection for a pet as they do living person. From a property management and landlord perspective however, pets have the potential to be extremely destructive.
With rental property in Michigan, pets can soil carpets, chew on a lot of surfaces (including doors and trim molding), scratch at walls and door jams, dig into floors and around the property and even damage hardwood floors. While there is that ever-present risk of pets impacting your revenue stream, some sound advice from Michigan property management experts can help you see some of the rewards and trade-offs.
Protecting your Investment with a Pet Fee…
Friday, April 20th, 2012 at 4:52pm. 257 Views, 0 Comments.
If you have recently acquired investment property for rental purposes, then you face a common issue every property owner has to copy with: A complete stranger will be moving into the property - property you may have once called home.
Along with dealing with a stranger in that residence, you have more than enough to keep you busy. Managing the details of work, your business, your household and family, etc. is enough to keep your schedule tight. You have little time for handling all the maintenance issues of rental properties.
That's why most local property investors and landlords make the choice to outsource to a Michigan property management company. There's a certain freedom to turning over the maintenance, background checks, service calls, walk…