JMZ Blog › Investor Guides
Manage the property yourself if you live nearby, have reliable time, know Michigan landlord rules and are comfortable handling repairs, screening and late rent; hire a manager if any of those is missing or if your time is worth more than the fee. Neither choice is right for everyone, and many investors self-manage their first home and hire a manager as they add more.
Farmington Hills is one of Oakland County's most established communities, with a mix of single-family neighborhoods, condominiums, and apartment communities. It is just minutes from JMZ Management's Novi office, and it attracts renters looking for access to major highways, employers, and everyday conveniences. We also work with owners in nearby communities such as Northville, Livonia, Plymouth, and Canton.
If you own a rental in Farmington Hills, the right property manager can protect your investment and save you a lot of time. Here is what to look for.
Property management in Metro Detroit costs a monthly management fee (usually a percentage of rent), a leasing fee each time a new tenant is placed, and a few smaller one-time or optional fees; at JMZ Management that means 10% of monthly rent with a $100 monthly minimum, plus a leasing fee equal to the first month's rent. Below is the full 2026 fee breakdown, with worked examples so you can estimate your own cost.
