Owning rental investment properties is a sure way to bring in a full-time salary or extra side income if you do things right. When you enlist the services of one of the top Detroit property management companies, such as Own It Detroit, you're more likely to come out ahead in the investment business. Finding the right property management team is the first step if you want to be successful and bring home a passive income.
So, what services should you look for when finding the best property manager? Here's what the right team delivers and what Own It Detroit offers!
What Are the Benefits of Hiring One of the Top Detroit Property Management Companies?
The right property manager helps you become more profitable and generate better ROIs from the many Detroit investment opportunities in your portfolio. Property owners can also be less involved in the nitty-gritty day-to-day tasks when partnering with the right property management experts.
Some of the benefits you can gain from working with a property management company include the following perks!
Earn More Profits
A property management company like Own It Detroit will assist you in finding the best rental properties. We know the area well and can help you target neighborhoods experiencing rejuvenation (while avoiding areas that aren't ideal for rental property success). This local experience can keep you on top of the hottest spots for investing.
A property manager can also check out a home you may have seen or heard about to ensure it is a good investment.
To help add to your bottom line, our team can also help you enjoy insurance discounts to protect your investments and reduce costs. We work with more than a thousand properties using a national provider, and we help secure savings for our property owners.
Have More Time
With professional property management services, you won't have to deal with the many tasks involved with operating properties. This can free up your time for another job or hobby or spending time with family.
Boost Your Business Image
Your tenants will be managed professionally by a top-tier property management company. In a competitive market like Detroit, having quality representation and management can help your properties stand out from the rest.
Our property managers deal with your tenants, ensuring they receive quality customer service. In addition, we process all maintenance requests with our professional maintenance team, giving your rental properties a more professional, polished presence in the market.
Streamlining your daily tasks can create more orderly and organized operations. Your property management team will keep all your financial books in order, show properties, handle all the leases and other paperwork, and much more. With a streamlined process, your tenants enjoy a positive tenant-landlord experience, encouraging them to renew the lease year after year.
Own It Detroit Is a One-Stop Shop for Real Estate Investors
A variety of tasks go into being a successful rental investment property owner. When choosing Own It Detroit, property owners get a one-stop shop. In addition to standard tenant and property management services, we offer a little more than many other property managers in the area.
Set up Your LLC
Own It Detroit can assist you with setting up your Michigan-based LLC to help protect your business. From helping you with the paperwork to making sure an LLC is the right business entity for your rental property portfolio, our team walks through the process with you.
Property and Tenant Management
There are plenty of tasks involved in the leasing of properties. From listing the homes you have for rent to placing tenants quickly, Own It Detroit will be by your side throughout the process.
We also enforce the lease to help protect your properties and bottom line.
Excellent maintenance services help property owners make more money! Our team has the resources investors need to keep properties in excellent condition, respond to maintenance calls (even after hours), and conduct scheduled preventive maintenance and property inspections.
Budgeting and Paperwork
Operating profitable properties requires a lot of paperwork. From budgets to receipts, contracts, leases, and work orders, our property management experts keep track of every detail to help you maintain budgets and maximize profits.
We also make sure the rent is collected and follow up with tenants who fail to make their payments on time to keep your cash flow consistent year-round.
Obtaining and Renovating Properties
You will be glad to know that Own It Detroit can assist you with finding the hottest deals in town to build your real estate investment portfolio! Not only can our team help you conduct market research and acquire the best properties, but we also dive in and do renovations to ensure your rentals compete with others in the market.
So, if a property has a lot of potential but needs some work, you can count on our full-service team to make the repairs and upgrades that help you generate better rental rates.
Our Property Management Services Exceed Expectations
For real estate investors ready to make more money, it's crucial to choose a management team that can do more for you than an "average" property manager. Own It Detroit's team of seasoned investment specialists can help you with every aspect of buying properties, renovations, tenant screening and selection, rent collection, paperwork, insurance, and more. Reach out soon to learn more about our services!