How to Deal with 4 Kinds of Problem Tenants, #1: The Slob
Wednesday, September 23
Does your rental look like a scene from an episode of Hoarders? Is your tenant in dire need of an intervention by Marie Kondo? In this series, we’re giving you tips on how to deal with 4 kinds of problem tenants that crop up all-too-often in the world of rental investing, and this article’s fe...
Screen a PMC BETTER than a Tenant, Part 3: The Management Contract
Wednesday, September 16
In this 3-part series on what to consider when screening property management companies, we’ve tackled PMC service procedures, communication systems, and documentation processes, but now we want to dig a little deeper and look at a little-considered aspect of PMC screening: the management contrac...
Screen a PMC Better than a Tenant Part 2: Communication, Documentation
Wednesday, September 09
Previously in Part 1 we went over why evaluating a Property Management Company’s (PMC) procedures is important and some questions to ask to evaluate how robust those procedures are. In this Part 2, we’ll be covering why it’s so important not to assume a PMC’s communication and documentation pr...
How Many Properties is TOO Many to Self-Manage?
Monday, August 24
If you really had to ask, then you probably have too many properties to self-manage already! As a DIY landlord, have you ever found yourself thinking: Why am I doing this? When will this all get easier? Are stocks & bonds this much work? The answer to this question varies from landlord to l...
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...