6 Best Renovations for Your Rental Property
A rental vacancy is a threat to any landlord. After all, how are you going to be a landlord if you’ve got no tenant to rent to? Finding and retaining tenants is an important skill for landlords to have. But equally important is being able to provide tenants with a comfortable, functional, and attractive property. And that’s where rental renovations come in! The best rental renovations are those that invest in the interest of the tenants while ensuring you reap a great ROI. The following are the best renovations for your rental property for thi…
Michigan Fair Housing Act: an Overview
The Fair Housing Act came into law in 1968, necessitated by the rampant cases of housing discrimination that existed at the time. Now, thanks to the Michigan Fair Housing Laws, landlords carry many responsibilities. We at Nelson Property Management have put together this a basic overview of the Michigan Fair Housing Act so all landlords understand their basic responsibilities and avoid discrimination based behaviour. The Protected Characteristics in the State of Michigan Michigan Fair Housing and Civil Rights Act came into existence …
How to Attract Long-Term Tenants
Long-term tenants are good for any landlord’s bottom line. Not only do they guarantee consistency in rental income, but they’re also the caliber of tenants that will care for your property like they would their own. Attracting a long-term tenant isn’t a walk in the park, though – especially in a competitive rental market like Metro Detroit. But is it impossible? Not at all! All you require is the right strategy. The following are tips on how you can attract a long-term tenant for your rental property. 1. Market Your Property On a Continuous …
Water Damage in Rental Properties
Winter is coming. Are you ready? When the temperatures begin to drop and the snow and ice start to fall, properties can take the toll and bear the brunt of the damage. There are several advantages to living in a rental property, including maintenance being the responsibility of your property management company. But there are still steps you should take to avoid disaster and property damage. Have you inspected your rental property’s exterior lately? Whether you are in a single-family rental, townhome complex, apartment, or even a commercial sp…
Breaking a Lease in Metro Detroit MI - Know the Laws
Most landlords in the state of Michigan require their tenants to sign a lease before they can move in. A lease first must aheresto the Fair Housing Act making it legally binding and holding both parties liable to the lease terms for a certain period of time that’s usually a year. At the very least, this means that a tenant must continue paying rent for the entire period the lease will be active, regardless of whether or not they live there. Things like evictions or breaking a lease, however, can be a wild card. Now, learning that your tenant …
