Archive for the ‘Detroit rental market’ Category

Maintenance Lessons Courtesy of the Polar Vortex

Winter is always a busy time for the Maintenance crew, and the kinds of work that need doing in the winter tend much more toward ‘emergency’ This year, Metro Detroit got really cold. The...

Is Your Rental Investment Still Worth It?

While there are no 100% hard-and-fast rules, here are some things that you definitely do need to keep in mind when you’re pondering that question One of the biggest problems with the...

Target Market Segments with Your Rental Ads, Part II

Flesh out the ideal renter that you visualize as you write and market your listing. Last week, we defined what exactly a ‘target market segment’ was, and also talked a bit about the...

The Yin and Yang of Metro Detroit Rentals

Most cities in Metro Detroit are worlds apart. The Metro Detroit area is one of the most polarized areas in the nation. One part is populated with people who tend strongly to be low-income,...

How to Invest in a Blighted Neighborhood

Blighted neighborhoods are genuinely a trap, but they’re only a trap for the unwary. Blight – in Detroit, it’s essentially defined as “a property that hasn’t been maintained in so long...

How a Professional Landlord Manages Contractors: Like a BOSS

50% of workers say they’re not sure what’s expected of them in their job. Sounds crazy, but it’s true! The Royal Rose Properties Maintenance Department deals with an extraordinary range of...

How Many People Does it Take to Manage a Property?

A good property management team can make your investment work. Royal Rose Properties is a fairly unusual property manager – we do a lot of things that most property managers don’t. In...

Investing in Detroit Properties: A Fairy Tale

Don’t stake your claim until you know the potential pitfalls. Investing in Detroit Properties – Once upon a time, a somewhat-nobleman of modest wealth from a land far, far away heard...

A DIY Landlord’s Guide to Having Positive Tenant Landlord Relationships

Behind a “bad” tenant and Landlord relationship, lies a more nuanced story. If you just cruise the Internet at random, looking at stories from landlords and tenants about the other, you rapidly...

A DIY Landlord’s Guide to Landlord Licensing, Part II

Yes, that’s a 500 grand fine!! How do you like that? Last week, we laid out the basics of the Landlord Licensing (a.k.a. Rental Certification) process. This week, we’re going to talk about...