Whether you’re new to investment properties or you’re
looking to add another property to your portfolio, you’ve likely considered
buying up foreclosure properties. Given the
difficult economic climate, a lot of homeowners are forced to walk away from their
properties, leaving the bank to try to reclaim lost money through foreclosure
sales.

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.