Archive for the ‘Investing Strategy’ Category

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 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...

No Office Space? The Benefits of Being Online-Only

Companies are certainly catching onto the trend of “no office space” and it’s changing the way they work.   One of the aspects of Royal Rose Properties that our owners and tenant...

Getting Better Tenants Starts with Being a Better Landlord

Just because you own some rental property doesn’t make you a better person. It’s easy, when you’re a landlord, to think of tenants as sources of rent money that sometimes...

Your Property Management Agreement: What Does It Mean?

A Contract is a written list of the promises you have made. A Property Management Agreement is a complicated document. We get enough questions about ours that we figured we should probably do a...

Property Investment, Effort Shock, and the Dunning-Kruger Effect

Not to be confused with the Freddy-Kruger Effect, which is much scarier. You know how everyone always laughs at teenagers because they think they know everything? It turns out that there’s a...

What to Invest In Before you Rent That House Out

Drew’s Third Law: If you don’t invest enough to bring the property up to the level of the neighborhood, the property will bring you DOWN to the level of the neighborhood. Many times, when...

DIY Landlords & the Power of Formality, Part 1: Why Worry?

It’s OK to relax, isn’t it? They’re your friends, right? DIY landlords have to do everything that a property management company does, and that’s a pretty long list. (Check our...