Busting 3 Common Detroit Rental Myths
Thursday, February 25
The real estate industry is incredibly complex. As a result, there’s an overabundance of information on the internet trying to explain the topic—some of this is useful, some of this is overwhelming, while some is complete myth. Especially for new investors, it can therefore be challenging to se...
How to Screen Applicants like a Pro, Part 6: Verifying References
Wednesday, February 17
Verifying references is often a must when screening tenants, especially the lower the Class of property and tenants you deal with. To screen applicants like a pro, you should contact the applicant’s current and past landlords, as well as their current employer, to verify that the information they...
How to Screen Applicants like a Pro: Catching Fraud (part 5)
Wednesday, January 27
One of the reasons why professional-quality tenant screening is so important is the need to catch misleading and incorrect information on rental applications - and that need is more crucial now than ever before. Due to Coronavirus, the rental industry has seen a huge increase in the number of ren...
Which Property Class Should New investors Go for in Metro Detroit
Wednesday, January 27
With 5 million locals, a growing demand for rental properties, and an affordable housing market, Metro Detroit’s cities attract rental investors to this area from all over the country (and the world). The area as a whole is on the rise, and more landlords want to get into this market. Housed w...
Metro Detroit Cities Deep Dive: Harper Woods
Saturday, January 23
If you’re interested in buy-and-hold rental opportunities, then you’ve likely heard of Metro Detroit’s strong rental market and affordable housing stock. However, with the overwhelming variations among its 185 cities and 290 neighborhoods, you may be struggling to understand where to buy—espec...
Tenant Screening: Required Income = 3x Rent, or A Better Option
Wednesday, January 20
The industry standard for screening prospective tenants’ ability to pay is to use the “rule” that their take home income should be 3x the rent amount. However, a prospect’s ability to pay and their likelihood of consistently paying on time are two different things. How many tenants do you think...