While the safest strategy for a landlord or property management company in Michigan is to remain transparent and honest with tenants, some topics should be avoided. If a potential tenant brings these points up, you’ll be put in a position where you need to discuss and answer appropriately.
Some questions, however, should be avoided at all cost. Here are the top 5 topics to avoid with renters.
1. A property manager in Michigan should never designate a neighborhood as safe or as a “low crime area.”
Rental properties are a fantastic active investment. However, as you accumulate multiple rental units, the challenges of managing them can become weighty. If you have had difficulty keeping units occupied by quality renters, been overwhelmed with maintenance requests, or had troublesome tenants that made eviction a possibility, you may have considered finding a better way and hiring a property manager.
If you’re new to real estate investment, or you find
yourself making the transition from homeowner to landlord, you are discovering
unfamiliar territory. This includes
collecting rent, dealing with emergency repairs, screening tenants,
renovations, marketing and more. Having
to deal with these on a regular basis can make even a savvy real estate
investor turn sour.