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5 Property Upgrades That Maximize Your Property’s Rent
Whether you own a condominium, townhouse, duplex or single-family home maximizing your income is always a high priority for an investor. Implementing a good year-round maintenance checklist is a great way to protect your investment, lengthen the life of your HVAC unit and ensure your renter hasn’t damaged the property, but it won’t necessarily get…
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Municipalities Can No Longer Invade Tenant Space
Governor Snyder signed Senate Bill 107 into law on November 28, 2017. The bill, popularly called the “Tenant Permission Bill,” was promoted by the Rental Property Owners Association of Michigan (RPOA-M), Apartment Association of Michigan (AAM) and the local Rental Property Owners Association in Grand Rapids (RPOA). The law, now Public Act 169 of 2017,…
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Property Owners and Tax Time
The key to saving money on your tax return is to take advantage of the many deductions offered to full-time rental property owners. Your property is considered a full-time rental if you allocate fewer than 15 days for personal use. Some of the most basic deductions that landlords could easily overlook are costs related to…
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The Rules of Property Management
In every sphere of human endeavour, there are written and unwritten rules of operation. Sometimes, the unwritten rules are even more important than the written rules. When it comes to property management, there are several unwritten rules that are important to note if you are saddled with the responsibility of managing a property or you…
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DIY Upgrades That Make Your Property Feel Like a Luxury Rental
Renovations can be expensive, especially when you want to turn your property into a luxury rental to attract higher-paying tenants. While materials and furniture can be expensive, the prices really start to climb when you bring a professional into the mix. Luckily for your budget, that isn’t always necessary. Instead, try these DIY upgrades, all…
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Hey Real Estate Agents, we can help you!
Do you have a client interested in leasing their home while they work abroad for a few years? Do you have a client currently underwater on their home but would like to buy a new home? Do you have a client who wants to lease their home but is nervous about being a landlord or…
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5 Ways a Property Management Company Can Benefit Your Portfolio
Your rental portfolio is growing, and managing resident requests is getting more difficult. Maintenance at some of your properties needs extra attention, and renewals are just around the corner. There just doesn’t seem to be enough hours in the day for you. Just keeping up is leaving opportunities on the table. It may be time…
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Positive 2017 Forecast for Rental Property Investors
According to Real Property Management’s economic report for landlords, which analyzes market conditions expected to contribute to the health of the rental industry. It predicts 2017 to be a bright year for single-family property investors, with key factors being rental and vacancy rates. “Rental rate increases will outpace inflation in the coming year, while vacancy…
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Michigan Landlords Can Say No To Marijuana
LANSING, Mich. — Michigan Gov. Rick Snyder has signed legislation that lets landlords prohibit medical marijuana patients from growing or smoking the drug on leased residential property. The law enacted Tuesday adds another exception to a 2008 voter-approved law that legalized the use of marijuana for medical purposes. That law already does not require insurers…
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