The Simply Managed Guide to Property Management in Metro Detroit

These 4 tips will set your property management apart in the Metro Detroit area, making your properties generate the income you need to achieve your investment goals.

Understand the local area

The age old Real Estate saying location, location, location although maybe a cliche, it really does stress the importance of a key factor in having a successful investment. Vacancies, city rental licensing requirements, local taxes, rent rates, advertising, CAP rates (return on invetment), contractor relationships, tenant and contractor security are all things that are impacted by location.

A managment company can help you understand the localized markets whether you are from out of town, or not, to help you get the largest return on investment.

Metro Detroit Simply Managed can help you navigate the local Metro area whether you have properties already or help find your 1st investment property.

Vet your tenants

Having a bad tenant can be costly, time consuming and emotionally draining. Wether it's non-payment of rent, costly damages, lack of communnication for normal repairs, or evictions, these issues arise from time to time. A property manager can help reduce the risk by providing a formal and detailed application process for new tenants.

At Simply Managed we have an application through our service that completes a background check, credit check, employment/income verification and previous landlord verification to help minimize evictions. We also strive to provide great service to our tenants to help minimize tenant turnover.

Market your properties

Another time consuming and difficult process to manage is finding tenants. Just understanding the spiderweb of advertising options online is one aspect. Landloards also getting the best pictures, setting the correct rent rate, or following state and federal regulations are things landlords have to understand and navigate through.

Beleive me from experience it's frustrating and common that prospective tenants are notorious for not showing up at the scheduled time without calling to cancel or reschedule wasting your time.

At Simply Managed we take great pictures for online advertisements, work with a network of online real estate advertising companies, and have a network of real estate professionals to help find great tenants and reduce vacancies. We also handle all the frustrations of scheduling and handling prospect showings.

Hiring the right property manager

Over the years I have worked directly for and with property managers and have experienced great things and also have seen first hand why some owners or investors have frustrations with property managers.

Some management companies out there give the service a bad name. They just sit back and collect your management fees, ignore tenants to increase turnover, and delay repairs so the bills are larger.

The Metro Detroit Simply Managed proactive approach and promise to provide the best service to both owners and tenants to decrease turnover, minimize maintenance costs and maximize your return.