Archive for the ‘Managing Rentals’ Category

Using Modern Technology to Get Rent Paid on Time

Can your smartphone get tenants to pay ontime? Maybe, maybe not — but their smartphone sure can! Property managers, including DIY’s, can get pretty busy — and one of the most...

The Most Cost-Effective Renovations for Improving Property Values

Location, Curb Appeal, Value for Dollar, Location. That’s more like it. No matter what they want to tell you, it’s not just ‘location, location, location’ anymore. People...

Writing Your Own Lease Agreement: The Devil’s In The Details

Your lease should make life easier on you and on your tenants. If you’ve ever had reason to pay attention, you’d notice that most of the sizeable property management firms around Detroit...

A Landlord’s New Years Resolutions

You know, the ones that you should actually keep. Welcome to the fresh new year, with new beginnings all around. If you’re anything like us, you’ve been planning your New Year’s...

The Power of Great Relationships (With Your Tenants)

If You Can’t Rent To the One You Love, Love the One You Rent To. Ask any successful entrepreneur who has been in business for more than a couple of years, and they’ll tell you: it’s...

How to Handle an Emergency At Your Rental

However unlikely, you need to be prepared! Real emergencies are thankfully rare, but they do occasionally happen — and when they do, you need to be prepared and act accordingly to avoid making...

4 Simple Tricks that Make Being a Landlord a Little More Profitable

Landlords that get creative are landlords that keep tenants and make more money! Being a landlord is hardly all sitting down and raking in profits because you’re nice enough to let someone else...

Who Is Your Best Ally in Fighting Crime at Your Properties?

You may be surprised to learn it’s your tenants! There’s no such thing as a neighborhood with no crime. There are neighborhoods with less reported crime, and there are those areas that...

Broken Leases – How Much Do Tenants Owe?

The better this is defined in your lease, the better your chances of actually collecting something! So, here’s a scenario for you: a new tenant signs a lease and gives every indication that...

Mistakes Landlords Make, Part II

We admitted to a few moderately spectacular bungles last week — let’s do it again! Last week, we talked about some of the mistakes that landlords make — and we’re going to...