Are you in a position to consider buying your first investment property? Congratulations! Relatively recent studies have shown that the average return on rental investments is almost twice as high as the average return on the Dow Jones market. You may be entering an excellent opportunity for a passive income stream to fortify your earnings.

We aren’t born to be landlords. There is no inherent knowledge provided to us by the heavens of the proper way to manage rental properties  and tenants. It’s something we learn, often on the fly, after we have acquired the property and usually after we have installed tenants.

Learning from mistakes is the costliest way to become a landlord. This blog post will help you avoid some of the most damaging mistakes that landlords often make, and help you protect your investment and profit-margin.

Managing your own properties? This might help.

There are two options when considering the management of a rental property that you own; you can hire a Northville property manager  or manage the property yourself. Some people prefer the ease of outsourcing the management while others prefer to be involved in all of the details and handle the management of their Northville properties on their own. If you aren’t ready to hire a Northville property manager yet, here are some property management tips from JMZ Management’s Northville property management experts to help you succeed in managing your property.