If you’re new to investing in real estate, or you find yourself making the transition from homeowner to landlord with your Michigan property, you might be in unfamiliar territory. 

Being a good landlord is more than buying an investment property, hoping some good tenants find their way to it, and collecting rent! Landlords deal with everything. From emergency repairs to screening tenants, being a landlord is a full time job. Not many first time landlords realize just how much time and effort goes into making a profit from a rental property. 

Be sure you know what you're getting yourself into! Here are some of our best tips to help you make a smooth transition to the landlord life with less stress and more financial freedom.

Whether you own one property or many properties, hiring a property manager for your Michigan real estate investment often makes good financial sense.

Professional property managers can help you achieve the goals you have for your rental property. Plus, you might be surprised that not only is a property management company affordable—most landlords find using a professional property manager improves their bottom line! Most often, you'll find that their expertise and dedication exceed your expectations. From leasing your property to the daily tasks of collecting rent or performing maintenance, your property manager does it all!

Marketing your property is one of the most significant areas where it pays off to use a professional property manager, especially in West Bloomfield! Let's look at how partnering with a property management company helps you find the best tenants for your property.

Over the past five years, investors, real estate companies, and developers have shifted their attention to the Detroit Metro real estate market, creating an upward trend in residential purchases and rentals. City officials and associated stakeholders have launched over a dozen programs and initiatives aimed at garnering interest from investors looking to find rental opportunities.