Posts Tagged ‘managing rentals’

DIY Landlord Tips: Setting Up Fees and Payments

If you don’t want to return their funds, you can’t legally call them a “deposit”! As a do-it-yourself landlord, there are a lot of small lessons that are often learned too late by trial and...

Everyone at a Property Management Company is a Detective

Property managers have a particular set of skills…. Here are a couple of short anecdotes of times when someone at our property management company had to do some genuine detective work in order...

Property Management from 10,000 Feet: The Big Picture

What does a property management company do? The answer is simple: more than most people realize. What does a property management company do all day?  It’s a legitimate question – and here’s...

The Challenge of Finding Contractors

Finding new talent in the real estate construction and maintenance business usually means some amount of trial and error. The head of the Maintenance Department chatted with me about the struggles...

The ‘Emergency Marketing’ Dilemma

Yes, we’re doing more much more than put a “for rent” sign on your property. Recently, our Marketing Department had an interesting interaction with an owner whose rental unit just...

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...

Tales from the Rose: Every Detail Matters

How do you all deal with being a landlord when it seems that tenants are constantly angry? When you manage almost 400 properties spread across just under 200 portfolios, every detail matters. You...

A DIY Landlord’s Guide to When to Stop Being a DIY Landlord

Want to Fix Tenant Toilets at 3 a.m. and Lose All Your Money? Being a DIY landlord can, if you play your cards right, be a pretty low-key affair – our last week’s blog post has some clutch...