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Is Investing in Single-Family Properties Different from Multi-Family Units in Detroit?

January 23, 2020

The average salary of a real estate investor is $123,937 a year. Whether you make more or less than this will often depend on how you manage the following decision: What best fits my investing needs; single-family, multi-family, or a mix of both?

A basic understanding of what each type of investment involves—as well as how to manage them—can help you make a well-informed decision for your real estate investment portfolio.

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7 Tips for Improving Your Occupancy Rate as a Property Investor in Detroit

January 16, 2020

If there’s one thing real estate investment has in common with the hotel industry, it’s the following truth: the most expensive room—or property—is an empty one.

A vacancy is a vacuum that sucks money from your property investment portfolio. Successfully beating this beast can help put your rental business on cruise control. Here are some of the best tips available for vanishing vacancy and maximizing your occupancy rate.

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How to Keep Multi-Family Maintenance Costs to a Minimum as a Detroit Investor

January 2, 2020

Even if you remove the cost of taxes, insurance, and other fees, it still costs around $298 a month to maintain the average American home.

In Detroit, the expense could climb even higher—particularly if you don’t know the best way to manage the maintenance of your property investment portfolio.

However, when you hire a property management company in Detroityou can put the reins on maintenance costs and keep them to a minimum. This not only saves you money, but it also strengthens your real estate portfolio as a whole.

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