A new landlord letter introduces the residents of a property to their new landlord and/or professional property management company. This letter is a valuable and essential way to connect with your tenants, provide helpful information, outline processes, and establish some expectations and ground rules. When Should You Write a New Landlord Letter? As a rental…
Welcome back to the second installment in our 2-part series on rental property updates that improve your investment. In the first post, we laid the groundwork with broader strategies to enhance your property’s overall appeal, focusing on creating high-quality, comfortable properties. We discussed the importance of offering the best property, setting fair market rents, and…
It’s a secret we share often (so, not really a secret at all): the key to success in rental real estate is 3 fold: Here, we’re going deep on that #1 item: how can you make your rental the best property on the market? What, exactly, are your tenants looking for? And why do these…
Part 2 of our series: A House Flipping Strategy for Buy-and-Hold Investors Flipping houses can be a very complicated and risky investment strategy—unless you change your point of view, which is exactly what we’re doing in this 2-part blog series. In the first post, we introduced the concept of “flipping to yourself,” contrasting it with traditional…
In September of 2009, our owner purchased the very first of our now 1,050 owned rental properties. He chose something that was supposedly turnkey, because the complexity and cost of rehabbing seemed too much, and he still needed to learn the business. The property began generating income, and he began learning. A lot. Very quickly.…
As any real estate investor can tell you, apartment turnover is the most substantial cost in property management. In the best of worlds, we’d never need to turn over a unit at all. But that’s not the way this business works. So we target the next-best things: Most of this post will focus on #2,…
When diving into the world of real estate and property investment, a new landlord checklist can help break complicated requirements into clear action steps and areas of focus. And this is a big benefit, because while real estate investing can be lucrative, it’s also a lot of work. Along with acquiring properties and screening potential…
The New Year marked a milestone at Epic Property Management: our first full year of sharing insights for property investors on this blog. With our inaugural batch of high-value content wrapped up, it seems a perfect time to recap our most useful posts. We hope this will be a quick and useful resource to help…
It’s an honor to be featured in D Profile magazine, which shares stories about what’s making waves in Downriver Detroit. The recent article highlighted our major move last spring, when we transitioned our headquarters from Southgate to Wyandotte. This strategic relocation was a step toward accommodating our growing business—and a reflection of our commitment to…
Planning for a remodel on an investment property is not a creative or emotional process, like a home renovation to your primary residence might be. It’s a strategic process focused on maximizing your return on investment (ROI) by increasing your income, effectively improving your price to rent ratio. So, like most business processes, a rental remodel hinges largely…
