Real estate investment has typically been a good bet during the past half century. While it has ups and downs, real estate continues to be an investment that can be counted on. Yet while the investor population continues to rise, so does the number of DIY landlords. The downside of these DIY Detroit property managers is that they don’t have enough time or resources to handle rental properties appropriately. Because of that, poor tenant screening happens, maintenance is inconsistent, and a handful of other issues appear. This can have an adverse effect on home values in the property’s surrounding neighborhood.
Many DIY Detroit property managers don’t recognize the risks of not hiring a good property management company, and this can cause a property’s decline. Yet many long-term investors think a good property management team is essential to see good returns. Professional property management is not only helpful, but also necessary for a successful investment.
Real Property Management Metro Detroit assists property owners with a variety of property management duties, including determining market rental rates, advertising vacancies, showings, screening tenant applications, leasing the property, maintaining/evaluating the property, and, when necessary, assisting with the eviction process.