All Forum Posts by: Lewis Kerwin

Hi,

I recently bought a house in detroit. The pre-purchase inspection listed a number of recommended repairs. My PM just hired a contractor to make these repairs and sent me an invoice that simply says "Upgrades City and HI punch list completions”. The punch list in question was uploaded from my PM and was simply the words from the inspection. Is this considered proper? Or should the business doing the repairs state specifically what they repaired in their invoice?

Thank you

Lewis 

Thank you both for this info! Seeing how complicated this can be I feel better having to ask about MI Property tax

I'm in contact to buy a property in Redford Michigan. I noticed today that the seller's listing shows previous year tax of $907 but an estimate of $3200(!). Have been trying to use calculators online and am pretty confused. For instance this calculator on Michigan Dept of Revenue Property Tax estimator (https://treas-secure.state.mi....) seems to say the my home (market price 114K) would cost $4,676 in property taxes (assuming an "SEV" of 50% of market price). It states a millage rate of 82.03 Can this be right?!? 

Hi and thanks for everyone's input. Wondering if anyone could expand on their thoughts on why or why not water overflow insurance is necessary? 

Considering this for a first rental property in the Detroit area.

Hi, I'm in contract for a 3bd SFH and the insurance agency the provider has linked me to is giving me a quote that's over 3 times the estimate on the pro-forma (~1.2 K per year). Is there a way to vet this and get an idea of what fair should be?

Hi, would be interested to know who you guys may have found. Just had offer accepted in the area.