When you're dealing with investment property, adding value
can be a balancing act. One that
requires a lot of fine tuning, especially because you have overhead and
expenses to consider such as property taxes, hiring a Michigan property
manager, landscaping, maintenance and updates, marketing and more.
When you’re dealing with new investment property with the intent to rent or lease that home, one of the most difficult things to do is establish the right rent amount. New landlords often find it difficult because simply doing a comparison on other homes in the area isn’t enough. There’s a lot to consider including amenities, location, maintenance costs, taxes and more. This is why so many owners in southeast Michigan turn to property managers in Oakland County and Wayne County.