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Updated over 3 years ago, 03/14/2021
Property management recommendation in Detroit, MI
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.