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Being a good landlord doesn't just mean being prepared to keep up with repairs; it also includes taking proactive steps to protect yourself, your tenants, and the house itself. Here we'll present some top tips on doing this - from carrying out thorough tenant referencing checks before they move into installing security cameras that can act as an effective visual deterrent against burglars or vandals. Secure Entry Points Secure entry points to your home are a must-have for any homeowner. They protect you from intruders and other risks, as well …

Finding high-quality renters requires time and effort but once you find the perfect fit, you will want to keep them. These types of tenants pay their rent on time, communicate issues immediately, and take care of your rental property as if it’s their own. If you lease your property to someone like this, make sure that they renew it and entice them to stay with you long-term. Here at Nelson Property Management, we have put together these tips to help you keep high-quality tenants. 6 Tips on How to Keep Quality Tenants Happy It’s always a good i…

It’s critical to set an appropriate rental rate for your property when you decide to rent it out. The best offer will entice potential tenants while also providing you with enough cash flow to successfully manage the property. Successfully pricing your rental property in Metro Detroit is crucial. You can't undervalue the property because it will result in a poorer return on your investment. So, it will be more difficult to raise the rent in the future in line with the Metro Detroit real economy. But you shouldn’t overcharge for it either, as it…

Regular maintenance is necessary to keep your rental properties in good condition. But due to their size and complexity, multi-family residences may require more ongoing care than a simple single-family home. It is your responsibility as a property owner to find solutions to keeping your rental properties pristine. Whether that means working with a property management firm, engaging contractors, or performing upkeep on your own. The only way to keep the value of your investment is to remain on top of maintenance and repairs. The following are…

Part of managing a rental unit is dealing with tenant turnover. Sometimes your renters won’t renew their leases, while some are only meant to stay temporarily and will move back to their permanent address. When this happens, you must be prepared to get your unit rent-ready, with the right price, for future property showings with potential tenants. At Nelson Property Management, we believe the best way to land great renters, is to make sure your property is in its best condition. You can start by acting on the following points: Market Your Prop…