Why Hire a Property Management Company
You have multiple properties or rental units. The more rental properties you own and the more units they contain, the more you're likely to benefit from a management company.
You don't live near your rental property. If your rental property is located far from where you live, hiring a property management company can be invaluable in dealing with the many issues that you will not be able to handle from afar. We currently manage 100’s of properties for investors from all over the US and even some who live abroad.
You're not interested in hands-on management. If you view rental property ownership strictly as an investment and want little or nothing to do with the day-to-day management of your properties, consider hiring help to manage your property. We employ the latest technology to collect rent and to organize maintenance and are able to provide straightforward reporting to our owners.
Your time is limited. Even if you enjoy hands-on management, you might not have much time to devote to landlording. If you prefer to spend your time growing your business, including searching for new properties and completing renovations, then we can help.
You don't want to be an employer. If you hire a resident manager or other employees to help with your property, you become an employer. You'll have to handle payroll and deal with a host of other legal requirements and considerations. But, because a property management company isn't your employee you avoid the hassles of being an employer.
Your property is part of an affordable housing program. If you participate in an affordable housing program, things can get complicated. Usually, in these programs the landlord receives financial assistance and the landlord must comply with a complicated set of rules. With so much at stake, it's worth hiring a property management company that has expertise and experience with the particular housing program in question. Click here for more information on affordable housing
We are proud to be ranked as a Top 23 Detroit Property Management Company by Expertise.com!
In Michigan, property managers must be licensed real estate brokers and agents. An Agency may provide buyer and seller agent services, as well as property management services. When this is the case, the real estate broker also lists, shows, and leases rentals. Property managers help owners create budgets, advertise rental properties, qualify tenants, collect rent, comply with local landlord-tenant and real estate board laws, and maintain properties. Preventive maintenance, interior, and exterior cleaning, and construction all fall within the scope of a property management company's responsibilities.
The number of responsibilities a property manager has is entirely dependent upon what's stipulated in the contract between them and the landlord. Some landlords may only want a property manager to collect rent while others may want a property manager to handle all aspects concerning their property. We offer a wide range of services including investment property and renovation services.
CURRENT PROPERTIES UNDER MANAGEMENT
