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Canton Property Management
Canton,MI
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Consistently ranked as one of the best places to live in Wayne County, the township of Canton, MI is also an ideal place for real estate investors to make money!
About one-fourth of the 93,000 residents in this community rent their homes. So, if you want to build a successful real estate portfolio and generate tremendous cash flow, make sure you include rental properties in this market!
As a suburb of Detroit, Canton has easy access to employment, restaurants, shopping, recreation, and the airport. Investors will find a mix of singles and families with children, making it an excellent location to invest in homes for families with school-aged kids. Residents also enjoy the diversity and family-oriented sense of community in the area.
What do real estate investors need for success when investing in this market? In addition to the best rental properties, you need the right residential property management team! Whether you have one, five, or fifty properties, an expert property manager helps investors experience elite success.
Here's what you need to know.
Choose Turnkey or Traditional Properties
What's the best property for your real estate investment portfolio? It depends on your goals! Many investors build significant portfolios with a mix of turnkey and traditional properties.
A turnkey rental is ready-made to deliver income right away. With these properties, investors buy a home that's already rehabbed and generating rental income.
Your property comes with a quality renter and expert property management to deliver ongoing services—while you get paid every month! The work is done for you, and the ongoing work of managing a successful rental continues without you needing to pitch in.
With traditional buy-and-hold rentals, a Canton, MI, property manager helps you find properties with the best potential. We provide an expert rental market analysis that guides you to properties that are the right fit for your investment portfolio.
Your property manager also recommends the best renovations to get properties rental-ready. When it's time to hit the market, we handle advertising, renter screening, and ongoing management to maximize your income.
Either turnkey solutions or traditional buy-and-holds can be the best new properties to meet your financial goals! Partner with the best residential property management company serving the Canton area to make smart choices for your next property purchases.
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Improve Your Property Marketing Success
In most cases, renters won't find your properties on their own. Even if they do, you need a thorough screening process to place quality residents and reduce the risk of bad renters.
When building a portfolio, you can't afford the costs of placing a lousy renter in one of your rentals. However, if you're not attracting quality renters, your marketing strategy could need expert help.
So, how can investors improve the quality of renters in their properties? Marketing for successful rentals requires more insight than jotting down a few details, snapping some quick cellphone photos, and posting the listing to a few websites.
To reduce vacancy times and find better renters, an expert property management team in Canton, MI, takes property marketing to the next level!
Experience better ROIs, fewer empty properties, and less income loss with a property manager that:
- Acts quickly to minimize vacancy times
- Creates effective property listings to showcase your rentals
- Uses high-quality photos to catch the eye of your next renter
- Applies a thorough rental application to help qualify potential residents
- Screens every applicant with a thorough background check
- Shows properties when potential renters are available (including nights and weekends)
An expert marketing strategy helps better renters find your rental properties in Canton! When your properties generate a steady income with fewer days on the market, you experience more cash flow and long-term revenue.
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Your Properties Comply
Investors can't operate rental properties that aren't safe for residents. Every rental in your portfolio must follow local compliance rules and pass a licensing inspection.
If you live nearby, making sure your properties comply can be a tremendous amount of work on your own. If you invest in Canton, MI, from out of state, rental property compliance is nearly impossible to manage without local help.
Despite the work involved, operating safe rental properties is good for business. Your residents have a safe place to live—and you avoid liabilities and lawsuits from renter injuries in your property.
Plus, well-maintained properties have better property values. When rental properties stay in excellent condition and comply with local ordinances, investors also save money on maintenance, repair costs, and fines for ordinance violations.
If your properties don't pass compliance inspections, you lose money while your rentals can't operate. However, investors don't need to worry about the licensing process or maintaining rentals on their own!
As the best residential property management company serving Canton, we understand compliance rules and everything your property needs to operate legally. We handle all maintenance needs, city inspections, and certifications so investors can keep their free time and enjoy truly passive real estate investment income!
Don't Sweat the Details
Finding renters and collecting the rent are two critical aspects of making money with real estate investments. Still, plenty of details have to come together before investors have renters or rent to collect!
When choosing investment properties in the Canton area, owners need local experts to navigate the many details that make your portfolio successful.
A property manager helps investors with details and decisions like:
- Should you require residents to carry renters insurance?
- What's the best business entity to protect your properties and income?
- Is prepaid rent a good idea?
- Should you buy a condo, townhome, or single-family home as your next investment?
- Can you choose only female renters for your properties?
The wrong decisions can violate the law and lead to rental income loss. With some decisions, choosing the wrong thing can lead to a lawsuit or shut down your rental property business.
With an expert Detroit rental property management team, investors don't have to struggle through these kinds of decisions (and others)! You have a professional resource that has handled these situations (and many more).
We guide you to the best decisions for your real estate investment portfolio growth while protecting your properties and income from things that can go wrong.
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Build More Cash Flow With Canton Rental Properties
Are you ready to experience tremendous cash flow? It's time to invest in the Canton rental market! The Own It Detroit team helps investors capitalize on the opportunities here and in the Detroit area.
Take the Next Step with a Free Rental Analysis!
Unlock the full potential of your property. Get your free rental analysis today and see how much you could earn!
Frequently Asked Questions
Find answers to common questions about how Own It Detroit can help you maximize your property investment success.
We stand behind our marketing efforts so confidently that we don’t charge a marketing fee until we place a qualified tenant in your property!
That’s right! We do not charge an upfront fee to market your rental properties. Own It Detroit applies our years of experience in marketing rental properties in the Metro Detroit area until we find the right tenant before we assess our professional marketing fees.
Are we looking for your first tenant? Maybe we’re starting the search for a replacement tenant when your existing renter doesn’t renew. Either way, we apply the same tried-and-true expert strategies to marketing. These strategies include:
- Applying rental market analysis to determine the best monthly rent price
- Using professional photos to create a compelling property listing
- Posting your property’s listing on the major renter search websites, including the Own It Detroit website
- Providing professional yard signage and other printed collateral
Our renewal process helps us minimize downtime between tenants. As soon as we know your tenant won’t renew their lease, we begin pre-advertising your property to find your next renter!
To maximize your rental property’s exposure, we maintain a comprehensive list of top rental listing sites, including apartments.com, hotpads.com, rently.com, realtor.com, trulia.com, and zillow.com.
We start by placing only the best quality tenants in your rental properties. Quality tenants are neat, honest, credible, responsible, respectful, and take good care of your investment properties.
Own It Detroit also documents the condition of your property at move-in and move-out. This helps us hold tenants accountable for any property damage in excess of normal wear and tear.
Throughout the year, we perform routine property inspections. These efforts help us recognize maintenance needs or damage before they become a significant issue. With four inspections for each lease period, we keep a constant eye on your property—and stay ahead of repairs and seasonal maintenance.
Definitely not! Own It Detroit works for and on behalf of property owners. Once we start managing your property, we work according to your goals and with your direction. Our job is to apply our years of experience and property management services expertise to support your financial goals.
Own It Detroit will always keep you informed about the status of your investment properties. Property owners are in charge! We simply help you get more out of your investments while you enjoy your free time.
With our aggressive marketing strategies, we ensure that we fill vacant properties as soon as possible. Our pre-advertising strategy and years of experience in the Metro Detroit market are especially effective at reducing vacancy times.
While every property and tenant search is unique, at times, we have been able to find a new tenant for empty rental properties within a day of becoming vacant. However, in slow seasons, it can take up to a month to find the right tenant for an investment property.
Own It Detroit will never fill a vacant property with the wrong tenant to cut down on your vacancy time. Our goal is not only to fill empty properties quickly but also to fill them with long-term, quality tenants. Quality tenants pay the rent on time, care for your property, and will often renew their lease!
We consider a variety of methods to ensure that properties under our management stay competitively priced. Rental market analysis helps us stay informed about current conditions in the Metro Detroit area. When it’s appropriate, we adjust rental rates to stay competitive while maintaining the best quality tenants in your rental properties.
Own It Detroit is committed to the highest returns on your investments! Our data-driven approach to setting rental rates keeps your properties competitive. Our years of experience help us master the techniques to maximize the potential profits for our property owners.
With our team of property managers, you have peace of mind that your property will rent as quickly as possible, to the most qualified tenant, and at the highest rate possible.
Own It Detroit provides financial reports via email on a monthly basis as early in the month as we can. We also provide owners with a secure online portal to view all financial reports and information about your rental properties at any time.
We pay our owners monthly between the 10th and 15th of every month.
Learn more about our property management services!
Timely and quality property repairs and maintenance could mean the difference between success and failure for your investment properties. However, from our years of experience, we’ve learned that different property owners can have different ideas regarding repairs and maintenance.
Owners can choose to handle their own repairs. When you trust Own It Detroit to manage the maintenance for your rental properties, we always ensure the highest level of repair services for every property.
We work hard to cultivate and maintain excellent relationships with tried-and-tested professional contractors in the Metro Detroit area. Due to the volume of work we offer contractors, we can also provide maintenance services to our investors at competitive prices.
Own It Detroit also works with home warranty companies and existing service contracts for your properties. Our team keeps photo, video, and invoice documentation of every repair and all routine maintenance for your records.
Need More Info?
Contact Us
6 Parklane Blvd Suite #545,
Dearborn, MI 48126,USA
+1 313-254-4184
