Low Demographic Area > Low Demographic Tenant > Low Chances of Success
Thursday, August 13
If you’re a buy and hold investor thinking of buying in Class C or below neighborhoods, you’re going to experience more tenant dramas than in Class A or B areas. This might seem obvious, but many new investors (especially in the Metro Detroit area, where we operate), seem to miss this point - or...
Five Mistakes First-Time Rental Investors Make (And How To Avoid Them)
Wednesday, July 08
You can also buy the worst house in the best areas Most people get into real estate investing because they want to grow their wealth or generate passive income. But when you’re just starting out as a buy and hold investor, it’s easy to make some mistakes which can delay or totally derail your p...
How to Deal with Multiple Approvable Applicants
Tuesday, July 07
Application Approved Let's say you have a tenant whose application to a property you're selling gets approved. Tenant wants to move in 10 days. You get the lease ready, call them to confirm, and they tell you, "Oh, I actually found something else!" What do you do? Unfortunately, situations like t...
Why You Should Screen a PM Company Like You Screen for Tenants
Tuesday, July 07
How to spot a reliable PM 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 t...
Landlords - DIY vs. PM Company
Tuesday, June 16
Should a rental property owner self-manage and Do-It-Yourself (DIY) or hire a property management company (PMC) to manage their rentals? This is always a hot topic, as there are adamant advocates on both sides of the debate. Let’s try to take an unbiased look at some pros & cons of each. U...
How Will Coronavirus Affect Student Rentals in 2020?
Monday, June 15
Coronavirus has created a huge amount of uncertainty in property markets across the country. With university closures and students returning home, the student rental industry has been one of the hardest-hit by the lockdown. Assuming the school year resumes in August as usual (and that’s a big “if...