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.

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.

The ROI for real estate has always been attractive: 10.6% for residential real estate nationwide, each year. It’s hard to find another investment that offers returns that steady! Granted, the financial crisis of 2008 has, understandably, given some people the jitters—and not every market sees the kind of returns you want to call mom about. Still, the question typically isn’t whether or not you are going to profit from real estate investment, but how. Here are some tactics to consider when investing in Detroit real estate that you may want to give a shot to strengthen your property investment portfolio.