Why Use Tenant Holding Fees Instead of Earnest Deposits?
Tuesday, November 10
Have you ever had an applicant enthusiastically agree to rent your property, only to back out a day before signing the lease? Or your potential tenant suddenly announcing that they have a German Shepherd when you specifically said "no pets"? It's a waste of landlords' time and highly aggravating,...
Why You Should Screen a PM Company Like You Screen for Tenants
Tuesday, November 03
Hiring a PM company to manage your properties is a good way to shift your attention towards growing your rental portfolio and maximizing your investments, rather than focusing on the day-to-day responsibilities of self-managing. Good property management is, alongside tenant quality, one of the ...
Your Property Type Will Dictate Your Tenant Issues
Wednesday, October 28
After managing properties in Metro Detroit for 20+ years, we've seen all the tenant issues you could possibly imagine. And arising from these issues, we've also heard all the tenant excuses you could imagine. Metro Detroit comes with its own unique set of common tenant issues. The thing that m...
Investing In Metro Detroit
Wednesday, October 21
We seem to get the same questions about investing in Detroit over and over again. Where are the cheapest houses? What zip code should I buy in? Why shouldn’t I buy that property with a Quit Claim Deed? And so on and so forth. Most of these questions have been answered previously by us or anothe...
How to Deal with 4 Categories of Problem Tenants, #4: The Rule Breaker
Wednesday, October 14
Over the past few weeks, we’ve talked about how to deal with 3 of the most stressful kinds of problem tenants for landlords: Slobs who trash rental properties, Hotel Guests who expect everything done for them, and Professional Tenants who try to avoid paying rent altogether. In our fourth and fin...
How to Deal with 4 Categories of Problem Tenants, #3: The Professional
Wednesday, October 07
In this Problem Tenants series, we’ve already tackled tenants who are disgusting Slobs or demanding Hotel Guests. Now, let’s take a look at how to deal with another type of problem tenant: the “professionals.” “Professional” tenants may have a respectable-sounding nickname, but really, all they ...