Detroit Property Management Blog

Managing rental properties in Detroit comes with challenges, especially related to understanding the difference between normal wear and tear and tenant-caused damage. For landlords, this distinction is crucial—not only for maintaining the property’s value but also for handling security deposits fairly and legally. This guide aims to clarify these concepts, provide practical examples, and offer advice on documenting property conditions effectively.

Detroit’s rental market continues to heat up, driven by demand from college students, more job opportunities, and an influx of young professionals. From historic homes to renovated apartments, landlords have plenty of promising options. Of course, owning property here also means dealing with challenges that come with the territory. Harsh winters dump an average of 45 inches of snow, straining roofs, freezing pipes, and leading to slips on icy stairwells. 95% of the city’s homes were built before 1956, meaning wiring, plumbing, and foundations often need extra attention. Add in the historically high crime rate in some areas, and there are plenty of potential hurdles.

As the understanding of mental health evolves, so does the role of emotional support animals (ESAs) in providing comfort and companionship to individuals in need. For landlords in Detroit, navigating the laws surrounding these animals can be complex. This guide aims to clarify the essential aspects of emotional support animal laws, helping landlords to make informed decisions while respecting the rights of tenants.

Welcome to Motown! Perhaps you’ve heard about the many exciting things happening as part of this resilient city’s ongoing revitalization and you’re considering a move there yourself. But if you’re unfamiliar with Detroit’s neighborhoods, you might struggle to find the one that’s right for you. If so, don’t worry- Evernest is here to help!

In a dynamic real estate market like Detroit, investing in rental properties can be a profitable venture. However, understanding the financial aspects of rental property management is crucial for success. This article will explore the key components of rental property accounting, equipping investors with the knowledge necessary to navigate this complex landscape effectively.

If you’re looking for a city that’s brimming with gritty optimism and the kind of opportunities that are only found in places just about to take off, you’d be pressed to find a better one than Detroit. Recent headlines gushing over the Motor City’s remarkable comeback have run in the New York Times, National Geographic, Politico, and The Guardian, and folks on the ground are beginning to reap the benefits of the hard work that they have put into revitalizing their city. For Detroit’s majority-Black residents, this has meant rising property values and opportunities to build generational wealth.

Collecting rent is often seen as the most rewarding aspect of owning rental properties, but the logistics involved can become complex, especially for those aiming for a truly passive income stream. In a busy rental market like Detroit, understanding the best practices for rent collection can make a significant difference in a landlord's experience and financial success.

Homeowners associations (HOAs) are a hot topic for investors, especially in urban areas like Detroit. An HOA is an organization in a residential community that makes and enforces rules for the properties and residents. While these associations provide various benefits, potential investors in Detroit may wonder about their obligations regarding membership. In this article, we’ll explain what investors should know about HOAs and whether they can refuse to join when buying rental properties.

Managing rental properties can be challenging for DIY landlords in Detroit. The demands of tenant screening, rent collection, maintenance coordination, and compliance with local regulations can pile up. Landlord software can streamline these tasks, allowing landlords to focus on more critical aspects of their business. By the end of this article, Detroit landlords will have the information they need to select the software that best fits their requirements.

In property management, customer service plays a pivotal role, going beyond mere interactions between landlords and tenants. Over time, it directly influences tenant satisfaction, retention rates, and ultimately, a landlord’s bottom line. Excellent customer service is not just an added benefit; it is a necessity for landlords aiming to cultivate a positive living environment and a strong market reputation.