About one in every 300 properties in Detroit is categorized as "distressed." That may not sound like a lot, but when you factor in the fact that there are several hundred thousand homes in the area, the numbers add up quickly.

A distressed property can provide a great return on investment. However, for your property investment portfolio to flourish, that same property must be brought back to life—and kept alive.

There are many factors involved when revitalizing multi-family properties in Detroit: If you don’t have the time or temperament to supervise renovations or tenants, property management might be right for you! If you are single-handedly trying to manage multi-family units or small apartment buildings, the demands involved can feel like a downpour of problems for a solo investor. This is where a property management company in Detroit can be a huge asset to your portfolio!

As any seasoned investor in real estate knows: issues can multiply fairly quickly—and your investment portfolio is then at risk. Here are some things to consider when bringing distressed assets back to life.

People who succeed with multi-family real estate agree with Sarah Beeny, who said, “There will always be people who make money because people always want homes.” Often, someone who adds multi-family real estate to their property investment portfolio is providing a solution to people who, as Ms. Beeny puts it, simply “want homes.”

It can be fulfilling to provide a cozy place to live, but there are challenges specific to multi-family units that may come up. These could include issues with the paperwork, the value of the home, and the process of maintaining a healthy ROI. If you take the right steps, however, providing for people who “want homes” can be an enjoyable—and profitable—experience.

The average salary of a real estate investor is $123,937 a year. Whether you make more or less than this will often depend on how you manage the following decision: What best fits my investing needs; single-family, multi family units, or a mix of both?

A basic understanding of what each type of investment involves—as well as how to manage them—can help you make a well-informed decision for your real estate investment portfolio.