Latest News From Our Blog

When Breaking a Lease Is Ok—and When It's Not

May 2, 2019

One unfortunate reality about being a landlord is the broken lease. Sometimes, despite our best efforts, leases are broken. 

On occasion, it’s the tenant who breaks the terms of the agreement. They have to relocate for work and must end the lease early. Sometimes, a tenant vacates without notice. 

At other times, you might have to terminate a lease early because a tenant violates the terms of the lease agreement. Despite your thorough tenant screening process, you ended up with a bad tenant. 

You can relax knowing that while it's not the norm, breaking a lease happens to every landlord. Here's what to do when a tenant breaks a lease for your West Bloomfield property. 

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What is a Rental Analysis and How Does it Work?

April 4, 2019

A rental market analysis (RMA) helps you assess the investment potential of a property within a target area. When conducting a rental analysis, you follow a simple mathematical equation:

  • Figure out the adjusted price per square foot of comparable properties in the area.
  • Multiply by the square feet of properties for sale. 

How does this simple equation help? It helps you determine if the average rent in the area is higher than the average price of any available properties. If so, then the market is favorable.

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Out of State Investing: Detroit Metro

March 14, 2019

Owning property in Detroit Metro doesn't mean you have to live in the area. Some of the most successful landlords know that purchasing rental properties in hot markets grows their income--no matter where they live. 

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