Property management recommendation in Detroit, MI

[Ali Ahmed]

I have called Metro Detroit Property Management and Renters Warehouse so far and the fees seem too high thereby taking a hit on my numbers. Lease assumption 200/ lease renewal 1st months rent and flat $80 fee per month to maintain a Single family.

Metro Detroit has a mandatory minimum auto approval of $200 before they call owners for repair approvals. When asked for an example, a lock change is $150 and I feel that is a big markup.

So question to my fellow BP members who are investing in Detroit, who do you use for PM? I am an out of state investor looking for a trust worthy company that can handle my property that already has a Section 8 tenant in place. I am currently starting with a SFR to tes the waters before investing more in the area.

Property is located in Inkster, MI if that makes a difference.

[Magnus Göransson]

@Imthiaz Ahmed Hello Imthiaz! My name is Magnus from Sweden. I have bought 13 turnkey houses in Detroit from Strategy Propertys, so far so good. In som cases i get higher rent then they thought i get. All my houses has tenants except one that was recently closed. I like the team and the company has grown fast as Detroit market do aswell. They have emplyed more PM lately and the one i have replys fast and i feel safe with her. Can not say i am an expert in real estate. But i have a good feeling which people i like to have around me. I have decided to believe that they do the best they can for me. And i feel they doing that. I am a tyre dealer in Sweden and spending all proffits there to US real estate. If i compare Detroit with my other markets that is Las Vegas and KC. Detroit has cashflowed best so far, and in some areas like Warren. My houses there has rised a lot in value just in 1 year. And i tips in Detroit, dont send a inspector to check your house when its snow. He can miss things like the drive way and the roof.