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Should I Rent My House Furnished?

First off, it’s important to understand that there is no law in Detroit, Michigan that guides whether or not you should furnish a property. That decision is entirely yours! You can decide whether to offer it with nothing but floorboards and bare walls, or with every possible kind of tools, appliance, furniture, kitchenware, magic lanterns,…

9 Tips for Positive Cash Flow When Investing in Income Property

The goal of any investor is to make as much profit as possible while taking the lowest amount of risk. In the world of real estate investing, a property is said to be profitable if its cash flow is positive. In other words, a positive cash flow property means that the investment is lucrative and…

5 Landlord Tips to Have Better Relationships with Your Detroit Tenants

Rental vacancies and high tenant turnovers are every Detroit landlord’s worst nightmare. Although, when landlords and tenants are on the same page, it makes the whole rental experience a lot more enjoyable. It can lead to fewer conflicts and gives the chance for any conflicts to be resolved amicably. As a landlord, it’s your responsibility…

6 Things to Know About Fair Housing Laws

When it comes to finding ideal tenants for your rental property in Detroit, Michigan, proper screening is a must. In most cases, you’ll get a lot of applications for tenancy How can you go about choosing the best prospective tenants without breaking any Fair Housing Laws? For starters, it would be best to learn everything…

How to Fill Rental Property Vacancies with Tenants Quickly

A vacant property is every landlord’s nightmare. If your rental unit sits vacant for too long, it can easily cost thousands of dollars in revenue. Putting a serious dent in your rental property’s profitability. Keeping your rental property occupied is therefore key. What is even more important is ensuring that the property is occupied by…

Tax Benefits of Investing in Real Estate

There is no denying that real estate has been able to produce some of the wealthiest investors. Many were spooked by the 2010 foreclosure crisis, but the market has since picked up and the upswing throughout the years has been growing strong. In addition to cash flow, real estate investments also open up many tax…

Top Questions to Ask a Potential Tenant [and What Not to Ask]

Congratulations, you have just advertised your Detroit rental property, and prospective tenants are showing interest! So what’s next? How do you know which potential tenant to pick? As every Detroit landlord knows, tenants come in all different shapes and sizes. Good ones will care for your property, keep you up to date with any maintenance…

13 Ways to Winterize Your Detroit Rental Property

When winter beckons, many people busy themselves with festival preparations. As a rental property owner, the massive drop of temperatures requires you to adequately prepare.  You must ensure that your investment is in the right form to withstand the cold weather conditions. Many rental property owners are concerned with winter checks-in. This is because the…

What to Do When Your Tenant Stops Paying Rent

As a landlord, it can be a nightmare when your tenant suddenly stops paying rent. There may be different reasons for this so it’s important to fully understand the problem. This way you can take the best measures that will protect your interests as well as that of your property. Eviction is a time-consuming and…

Tips to Get the Most Out of Your Rental Property

Getting the most out of your rental property doesn’t have to be difficult. You just need to plan carefully right from the start. The following are 6 tips to help you get started and maximize your rental income.   1.   Be Diligent on Late Fees Being respectful and kind to your tenants doesn’t mean becoming…