Chris Shaw Metro Detroit Rental Experts

Tenant placement, or filling your rental with tenants is one of, if not the most important thing you can do to ensure that you have a smooth rental process. Ask anyone who has ever had a less than savory tenant and they will tell you how difficult it is to have a situation like that. The biggest reason why tenant placement is so important is because your rental property is an investment and you want it to succeed.

If you have learned the hard way that vacant units are the kiss of death for any real estate portfolio then you will understand why tenant placement is the key to success. Vacant properties attract vandals, squatters, and people that will vandalize and deface your unit driving your preparation and repair costs through the roof. This will ultimately lower the overall value of your property, alerting savvy investors that there is wiggle room in your negotiating price due to the lost cash flow from your empty, profit-eating, units.

As you advertise your property and look to fill it with new tenants you want to be aware of the potential problems that can arise. Unfortunately many applicants will be untruthful on their applications. Your job will be to verify their current employment, examine their rental history, and even check the credit history. These are important things to verify before you allow someone to live in your rental. You want to reduce the chances of getting someone who never pays rent on time, maybe doesn’t even have a job, and could even damage your unit. If the wrong tenant is placed in your house, it will not matter how great of a deal you purchased.

At the end of the day it is clear that your property is an investment that it must be regarded as such. Protect it by maintaining great tenant placement habits. Your best bet and most cost efficient option is to hire a property management company. A good property management company will leave no stone unturned as they help you to occupy your properties with good quality, long term renters. Since tenant placement is so important its best to leave the worry and frustration of handling it to a company whose only focus is placing a qualified renter into your property.

Once you have successfully rented your property to a qualified tenant, you will not only breathe a sigh of relief, but you will be able to sit back and watch as your investment grows. Tenant placement really is the key to success!

Detroit and its surrounding areas are prime for real estate investors with an abundance of foreclosed properties selling for 75% less than what they once sold for. With Michigan poised for economic recovery, now is the time to buy properties at an all time low and reap the greater returns later. Detroit Global Investments specializes in real estate acquisition in the city of Detroit and the Metro Detroit areas.

Experience and knowledge are what it takes in order to corner the market; as Native Detroiters, Detroit Global Investments have the inside track on market trends, demands and communities.

When buyers put their trust in Detroit Global Investments they can expect:

• Professional service with integrity
• Solid investment properties with high yields at a great price
• Specially selected properties in family friendly neighborhoods
• Access to our section 8 and traditional tenants
• Fully renovated properties at 35 - 40% below our competitors prices
• Our Expertise in avoiding properties that are money pits
• Option of turnkey or renovated/unoccupied properties

Sellers can expect quick sales to cash/ qualified buyers! Putting your property in the capable hands of Detroit Global Investments, will be a decision you won’t soon regret.

Detroit Global Investments is focused not only on profit, but on people. With a heart for the city, Detroit Global Investments is aimed at serving the community through rehabilitating homes and encouraging both growth and financial stimulation. They have an eye for Detroit’s potential and want to help people from all over be a part of the inevitable rebound of the city!

A competent property manager can add significant value to your investment, which is why many seasoned real estate investors will tell you that a good management company is worth their weight in gold. The benefits of working with a good property management group are plenty, and go far beyond the scopes of financial or simple convenience.

A qualified property management company can ensure that the landlord is dealing with a higher quality of tenants. A thorough screening process will already be implemented to produce and select tenants that will pay on time, rent longer, put less wear and tear on the home and generally cause less problems. AN experienced property management company will require detailed background and credit checks as well as maintain a reliable tenant history on every perspective client.

Property management companies can help maintain fewer costly and time consuming legal problems for the landlord. A good property manager is up to date on the latest standard landlord-tenant laws. thorough tenant screenings, evictions, inspections, lease addendum, terminating leases, handling security deposits,and rent collection can all be handled properly and legally by the property management company and spare the land lord the time and anguish. Avoiding even a single lawsuit can more than pay for the property management fees.

Good property management can also help reduce a landlords vacancy cycles. Qualified property management companies oversee improvements to the property, help determine best rent rate and effectively market your home. All of this shortens your vacancy cycle and helps lengthen tenant retention. Tenant turnover can be an expensive procedure that may include; a thorough cleaning, changing the locks, painting the walls, and possibly new carpet. Retaining the same tenant can alleviate these extra expenses. Your property management company will be able to help you acquire consistent, reliable, long-term tenants.

Lastly, a quality property management company can be a buffer between landlord and tenant. Property management companies implement tighter rent collection policies and deal with the excuses, chase down payments handle evictions and over all keep the tenants from taking advantage of the landlord.

Using a property management company can relive the landlord of the stress that comes with renting out a home. You will be able to invest and live wherever you want without having to be near your properties. Property management companies realize that time is money and they"re there to help you free up your time, allowing you the freedom to spend more time working on your business or just spending more time at home with family.

A good, trustworthy and competent property management company can help maintain an ideal rental situation for both the landlord and tenant. The key is to choose a reputable company with an unquestionable track record.