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.

You can make or break your success as a landlord depending on the quality of your tenants. 

If you don't have quality tenants in your Detroit Metro properties, you put your business and your rental homes at-risk. Allowing bad tenants in your homes is an expensive mistake. 

How do you find good tenants and avoid the bad ones? There is a balance between "thorough" and "invasive" during the screening process. 

While you don’t want to take on a bad tenant, you also don’t want to cross a line that gets you into legal trouble.

Tenant screening allows you to find out about a potential tenant’s rental and criminal history, but how do you know when you’ve gone too far? Here’s what landlords need to know about tenant screening.