Mistakes Landlords Make, Part II
Monday, November 18
We admitted to a few moderately spectacular bungles last week — let’s do it again! Last week, we talked about some of the mistakes that landlords make — and we’re going to keep it up this week, too. Let’s get right into it! Dealing with Tenants Don’t get caught in a repair frenzy: Be c...
Mistakes Landlords Make, Part I
Sunday, November 10
We’ve been a lot less than perfect over the years — maybe you can learn a bit from some of our ‘favorite’ mistakes. No one is perfect — and while landlords aren’t any worse than anyone else, our mistakes can certainly cost a lot more than most people’s. We’d like to share with you some of th...
When Should Landlords Require Renter’s Insurance?
Wednesday, April 24
Many landlords worry about scaring away tenants resulting in longer vacancies if they require renter’s insurance – but not requiring it could cost even more.The initial reaction of many landlords to the subject of renter’s insurance is, “my property is insured, so why should I care?” On the surf...
Oakland County Tax Foreclosure Auction – Part II
Wednesday, October 24
The 2nd round of the Oakland County (MI) tax foreclosure auction was just held and the county treasurer’s office is calling it a success.Due to a scheduling conflict, it was held at Ultimate Soccer Arenas – which turned out to be a much better venue for a public auction than the county auditoriu...
Tenants: When You Don’t Communicate, Your Landlord has to Assume the Worst!
Wednesday, October 24
Landlords can only assume the worst when your payments aren’t made on time and they don’t hear from you or you avoid them.We just took over the management of quite a few single-family homes with existing tenants.As communication is critical to fostering a good landlord-tenant relationship, we inv...
Preventative Property Maintenance
Sunday, September 16
You can pay a little now, or a lot later…We just took over the management of a tenant occupied property, where the property owner had been a “Do-It-Yourself” (DIY) landlord for many years. We were told the property was in fine condition.Fortunately, we send out a survey to tenants when we take ov...