As dark an omen as a decade-long winter may be for television characters; the standard American three-month (or more) winter can cause tons of disaster for rental property owners as well. Autumn is the perfect time to protect yourself against the stress and cost of a potentially nasty winter season, and we are here to tell you how.
Are you thinking about hiring a property management company to assist with your rental investments? We may be biased, but we think it’s a great idea.
At first blush, it’s fairly clear how a property manager can reduce the stress involved with property maintenance, though it may seem an unnecessary expense that will reduce the profitability of your units. However, it’s worth considering the ways that this decision can save a landlord money in relation to the cost of the management services, which are usually only 10-12% of the monthly rent.
If you’re trying to rent your home but haven’t had much luck finding a tenant, it might be time to upgrade. There are several inexpensive items you can replace that might make a considerable difference to attract potential renters. You could even ask for higher rent with the right upgrades.
These are just a few things to try, but every home is unique, so you might want to consult a local Detroit Metro property management service to see what they’ve noticed their tenants in the area are looking for in a rental. Here are some of the best Michigan rental property upgrades to consider.
