Tag: michigan
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Navigating the Challenges of First-Time Landlords
Let’s be honest—this real estate market isn’t exactly rolling out the welcome mat for investors right now. With high interest rates, tight inventory, and uncertain returns, a lot of traditional investors are stepping back. What we’re seeing instead is a big wave of homeowners turning into landlords—not because they set out to build a portfolio,…
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Is the Short Term Bubble Bursting?
The rise of Short Term Rentals has been nothing short of revolutionary, reshaping the hospitality industry and enabling homeowners to turn their properties into lucrative sources of income. However, as with any rapidly growing industry, questions inevitably arise about its sustainability and whether a bubble is on the brink of bursting. In this blog post,…
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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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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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10 Great Reasons to Have A Property Manager
When you hire a professional property management company, you save time, money, and lots of hassles. They can handle all aspects of your properties daily operations, legal aspects, and transactions, ensuring efficient management. There are many things you should know about such a service. 1. They screen the tenants Every property owner wants to ensure…
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Recent Analysis Shows Many Big-City Renters that Earn Enough to Buy, Prefer Convenience of Renting
SEATTLE, WA – Across the country’s largest rental markets, almost 14 percent of on-market renters have strong credit scores, relatively high incomes and could afford to buy the median home in their market. As the homeownership rate has declined over the past decade, a broader socio-economic swath of Americans are renting than at any time in…
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Skills All Property Managers Need
The best property managers know how to apply a broad skillset to the unique situations they encounter. They move with ease into situations that require strong communication, negotiation, customer service, and organizational skills. Property managers also have the ability to manage more tangible property-related concerns, such as maintenance and repair issues. Here are five essential…
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20 Designer Ways to Upgrade Your Rental
Dying to upgrade your rental and still get your deposit back? Our expert tips will give you the style (and storage!) you’re craving! Renter-Friendly Wallpaper For some people, the thought of being surrounded by four off-white walls is simply unbearable. And for others, it’s just plain boring. As removable wallpaper becomes more popular, the designs…
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20 Real Estate Experts Reveal Top Mistakes Made By First-Time Investors
For many first-time real estate investors, taking the leap and buying an investment property is one of the scariest things they’ll ever do. After all, there is a lot at risk if things go south. I asked real estate experts and successful investors a simple question: If you could list 3 common mistakes made by…
Rental Management One 