Whether you own one property or many properties, hiring a property manager for your Michigan real estate investment often makes good financial sense.

Professional property managers can help you achieve the goals you have for your rental property. Plus, you might be surprised that not only is a property management company affordable—most landlords find using a professional property manager improves their bottom line! Most often, you'll find that their expertise and dedication exceed your expectations. From leasing your property to the daily tasks of collecting rent or performing maintenance, your property manager does it all!

Marketing your property is one of the most significant areas where it pays off to use a professional property manager, especially in West Bloomfield! Let's look at how partnering with a property management company helps you find the best tenants for your property.

From millennials to retirees, the idea of renting a home is more appealing than buying.  

For millennials, taking on a new home loan while struggling to repay college or credit card debts isn't wise. For retirees, the idea of a mortgage and home-owning responsibilities is less appealing than freedom at this life-stage. Aside from millennials and retirees, there are also individuals who simply don't want the responsibilities of owning a house. 

No matter the reason for renting, the Detroit Metro area is an ideal place to collect on the investment of a rental property. To make a rental property worth the investment, you have to find—and keep—good tenants. Where do you look? Here are three steps to finding quality tenants for your rental property!

You probably have a love/hate relationship with collecting the rent from your tenants each month.

You love getting paid for your work as a landlord who provides a safe living environment for your tenants. However, you probably hate actually collecting and logging checks, electronic payments, and tracking down tenants who haven't paid on time. 

How can you make it easier to collect the rent from tenants in your Novi property? What payment options should you consider for tenants? 

Here’s a quick look at several payment options and how you can incorporate them into your rent collection system to this task easier on yourself.