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…
Price-to-rent ratio is a quick and simple metric used by real estate investors to evaluate potential investment opportunities. It’s a tool that helps gauge a rental property’s potential for both near-term profitability and long-term viability. The equation is simple: divide a property’s purchase price by the annual rent it can generate. But getting smart about…
Wondering how to scale a rental property business? Let’s look at the 3 factors that can make or break your success. We get the opportunity to work with many investors and property owners who are excited about the growth of their businesses but also want to be intentional about how they scale. They know that…
If you asked 100 owners what their favorite thing is about real-estate investing, 0% would say managing city inspections for rental properties. As neissary as they are inconvenient, costly, and time consuming, city inspections can be a headache on many levels. From coordinating with tenants to keeping up with requirements to managing sub-contractors for each…
Cost segregations can be powerful tools for improving cash flow and profit. But for many real estate investors, the concept is downright daunting. So we invited Terry Judge to enlighten our readers. Terry is an expert in cost segregations and tax incentives, and together with Core Solutions Group, he’s on a mission to help businesses…
Scattered site property management is an ongoing challenge for many residential real-estate investors. It doesn’t take long to realize that managing multiple properties across different locations can be a challenging task, to say the least. Scattered site operations require a high level of property-management sophistication that not all management companies can deliver—and that many individual…
