Royal Oak, Michigan SFH Rentals
Hello Michigan BP Members!
I am a new investor in the Royal Oak area.
Does anyone have any experience in this area, could be surrounding cities as well? (Berkley, Clawson, Huntington Woods, etc.)
I am interested to hear about how the market is finding tenants, current rent expectations for smaller single family homes, (800-1200 square ft.) , 2-3 bedroom, 1-2 baths, what is the competition like in the area, what are some of the local challenges facing landlords, etc.
I am looking for any advice, comments, recommendations.
Thank you and have a great day!
Ethan
Most Popular Reply
This area is very hot I have a property in RO I had 20 showings in 4 days for a 3/1 at $1600. You can rent it out quickly and to good tenants usually a younger people in this area with very high demand. The hardest thing to do is to find a deal that makes sense.