If there’s one thing real estate investment has in common with the hotel industry, it’s the following truth: the most expensive room—or property—is an empty one.

A vacancy is a vacuum that sucks money from your property investment portfolio. Successfully beating this beast can help put your rental business on cruise control. Here are some of the best tips available for vanishing vacancy and maximizing your occupancy rate.

You’ve stepped your investment game up a notch by diving into the not-so-shallow end of the multi-family property pool. Congratulations! But along with that dive comes navigating the churning waters of weighty responsibilities.

We are all familiar with the adage “when it rains, it pours." When it comes to managing real estate—especially if you are single-handedly trying to manage multi-family or small apartment building properties—the demands involved can feel just like a downpour of problems. This collection of anxieties can make it feel like you see little to none of the benefits you had expected.

Even if you remove the cost of taxes, insurance, and other fees, it still costs around $298 a month to maintain the average American home.

That expense could climb even higher—particularly if you don’t know the best way to manage the maintenance of your property investment portfolio when it comes to handling Detroit multi family units and their maintenance!

However, when you hire a property management company in Detroit, you can put the reins on maintenance costs and keep them to a minimum. This not only saves you money, but it also strengthens your real estate portfolio as a whole.