Whether you recently bought (perhaps inherited) a new rental property or you're in between tenants, have you checked your floors before finishing the Make-Ready process for your new tenants? Do the floors need an update? An empty home is a perfect time to replace flooring that is beyond saving with a thorough carpet cleaning.
From millennials to retirees, the idea of renting a home is more appealing than buying.
For millennials, taking on a new home loan while struggling to repay college or credit card debts isn't wise. For retirees, the idea of a mortgage and home-owning responsibilities is less appealing than freedom at this life-stage. Aside from millennials and retirees, there are also individuals who simply don't want the responsibilities of owning a house.
No matter the reason for renting, the Detroit Metro area is an ideal place to collect on the investment of a rental property. To make a rental property worth the investment, you have to find—and keep—good tenants. Where do you look? Here are three steps to finding quality tenants for your rental property!