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...
True Cost of DIY Rent-Ready Work after Tenant Move-Out
Tuesday, August 21
How much does it really cost you to get your property Rent-Ready when a tenant moves out? We know a property owner that had tenants move out of a rental property in November and the property still isn’t ready to rent out 7 months later. He insists he’s “saving money” by doing most of the fixing ...
Tenants & Yard Work
Saturday, August 04
Many Tenants want the benefits of renting a house versus an apartment or condo, but then fail to properly maintain the yard.We just received a citation warning from a local municipality about an overgrown lawn. Just another example of a tenant not taking care of the lawn as per their lease agreem...
Detroit Area Investing – The City versus the Suburbs
Wednesday, July 11
Either can make you money, but have you really considered everything when evaluating the risk versus reward of each?It seems almost every day someone’s asking us about buying investment properties in the City of Detroit. While there’s nothing wrong with investing in Detroit properties, we’re ama...