While outsiders may view property management as simply leasing units or collecting rent, experienced investors know that serving tenants well involves a long, time-consuming list of responsibilities. That said, many investors also understand that they themselves would have a hard time giving 100% to every step of the property management life cycle. So they put…
Rental property ownership is a rewarding pursuit—in many ways. But there are less-than-glamorous aspects of property management as well. In fact, this really is a game of details. And taking great care of small matters adds up to big differences in property performance, tenant retention, efficient turnovers, and ultimately, successful investments. One such detail? Utility…
We are thrilled to announce that our business has been honored with a Wyandotte Beautification Commission Award. This accolade is a testament to our commitment not only to maintaining attractive and welcoming environments but also to contributing positively to our neighborhood’s charm and vitality. If you’ve been here before, then you may know that we…
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…
