Archive for the ‘1. Property Owner Blog Posts’ Category

Are DIY Landlords Really Maximizing their Opportunities in Hot Rental Markets?

Hot rental markets make it easy to fill vacancies, but are you getting the highest possible rent? Royal Oak, Michigan is a very hot rental market in the Metro Detroit area right now.  It’s one of...

Detroit Area Investing – The City versus the Suburbs

Either can make you money, but have you really considered everything when evaluating the risk versus reward of each? It seems almost every day someone’s asking us about buying investment...

It’s Buyer Beware with Out-of-State & Out-of-Country Real Estate Transactions

Here’s a great example of the multitude of issues most real estate investors rarely consider when doing business away from home! We’ve recently been hired by a property owner that, in our...

Charging Tenants for Maintenance Bills

Tenants rarely take responsibility for repair issues, so landlords need strong language in lease agreements to legally charge tenants for problems they cause. We just had another experience that...

Avoiding Risky Property Management Companies

We’ve just heard about another two local property management companies “having difficulties” meeting the needs and expectations of their rental property owner clients. First, let’s make...

The Real State of Real Estate…

If you’re involved with the residential rental market, you’ve probably already heard that rental rates have been going up the last couple of years.  The dramatic increase in foreclosures...

Tenants Abandoning Detroit…

We’ve seen a sharp increase in the number of tenants calling on our rentals that are moving from Detroit! It’s our corporate policy to ask every prospective tenant where they live now and...

Using Social Media to Screen Potential Tenants

How many landlords have checked out a rental applicant using social media sites like LinkedIn, Facebook, Twitter, etc? Be honest – how many landlords have ever even thought about it? It could...

Refinance Your Upside Down Rental

Many real estate investors that bought their rental properties prior to 2007 are upside down in them.  Even those that put down 25% or more have seen their equity evaporate with falling real estate...

Penny-Wise, but Dollar-Foolish Property Owners

We know of a property that’s been up for rent for around 4 months. The property is on a main road, so it gets a lot of visibility, being exposed to morning and afternoon rush hour traffic.  The...