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.

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.