How To Start Investing in Property Rentals With Less Than 10K?
Monday, May 25
Start saving for your next rental property Many people have thought about getting into rental property investing, but feel that they don’t have the kind of money needed to actually purchase their first rental home. However, contrary to popular belief, it’s possible to get started as a rental prop...
A Property Management COVID-19 Message to Detroit Property Owners
Wednesday, May 20
We just sent this to all our clients as the 4th update since Michigan was put under government lockdown March 10. All 4 updates have been well received and we've received a lot of positive feedback on them. We thought we'd share our latest update with all Detroit area rental owners, so they could...
Understanding the Tax Benefits of 1031 Exchanges
Saturday, February 08
As lucrative as real estate investing can be, Uncle Sam is right there to take his cut when it's time to reap the profits. As capital gains are taxed at the federal level at around 20%, they cut deeply into your earnings. By using a 1031 Exchange as an investment strategy, the IRS allows you to ...
Pros & Cons of Section 8 Rentals - Are They Worth the Investment?
Tuesday, December 10
Part 1 What is Section 8? Section 8 of the Housing Act of 1937, referred to as simply Section 8, is a government-subsidized housing program for tenants that need financial assistance. Though the program has seen many changes since inception, under the current voucher system, tenants accepted to t...
How Much Does an Eviction Really Cost You?
Tuesday, November 19
Evictions are disruptive and expensive to your real estate rental business, but stay in the industry long enough, and you’ll no doubt be faced with one. As a property owner, you may have a laundry list of reasons for getting rid of a bad tenant, commonly it is for non-payment of rent. A thorou...
Pet Friendly Rentals, Pros and Cons
Wednesday, October 09
Some landlords are dead set against allowing pets in their rentals. They don’t want the hassle of extra cleaning or repairs that may be needed as a result. While these are real Issues to keep In mind, there are plenty of benefits to allowing your tenants to move in with their pet. If you’ve b...