A Tale of Two Rental Markets: Metro Detroit vs. Memphis
Thursday, September 10
Metro Detroit and Memphis. If you’re an out-of-state investor hunting for yield, you’ve almost certainly looked at both. But which one actually earns its keep when you strip away the turnkey marketing pitches? That's the question we're answering today. In this investor's guide, we're putting the...
Why Answering Your Tenant’s Text Could Land You in Court
Wednesday, September 02
You finally did it. You handed over the keys to a local property management company. You stepped away from the day-to-day grind. You are officially a passive investor. Then, your phone buzzes on a Friday night. It’s your tenant. They tracked down your personal number and want to quickly explain w...
Your Pro Forma Says 5% Vacancy. The Data Says You've Already Spent It.
Friday, August 28
Every one of us has a vacancy assumption sitting in a spreadsheet somewhere. For most investors it's 5%. Maybe 8%, if you were feeling cautious the day you built the model. But almost nobody goes back and checks that number against what actually happens during a lease-up. We did. The results were...
The Michigan Eviction Timeline: Guide for Out-of-State Landlords
Wednesday, August 26
Being a long-distance landlord has its fair share of challenges—coordinating maintenance and managing turns isn't easy from afar. But without a doubt, the absolute most stressful part of investing out of state is dealing with an eviction. Evictions are already the worst part of being a landlord, ...
Why Metro Detroit's Rent is Growing While Other Markets Slow
Thursday, August 20
Rent growth is slowing down or actively contracting across the US. It's making a lot of out-of-state landlords nervous, and some are seriously questioning whether they should downsize their portfolios before things get worse. But we're really lucky, because we aren't seeing that happen in our ho...
Michigan Avenue: Detroit’s Next Rental Frontier
Friday, August 14
Corktown, with its high-end developments and sky-high property prices, has hit the point where investors and renters alike struggle to afford it. But there’s good news: The expansion of demand (and prices) is already pushing westward along Michigan Avenue. For investors looking to capture retur...