Contrary to popular belief, no evidence exists to indicate that people with good credit scores are any more likely to pay their rent on time. Here’s why.
Buying a property that’s already tenanted can seem like a smart move, but there are a million ways it can go wrong.
A rental property isn’t worth much in your investment portfolio if no one wants to rent it. At Castle, we spend a lot of time speaking to tenants and applicants about what drives them to choose or pass on a home.
Detroit Real Estate Investment Mistakes to Avoid: Not Looking at the State of Neighboring Properties
In our conversations with hundreds of investors, we’ve identified seven of the most common Detroit mistakes. In this series, we’ll be taking you through each one of them. Today: not looking at the state of neighboring properties.
Detroit is one of the hottest real estate markets in the country right now, and new investors are flocking to the area not just for the deals, but for the chance to be a part of a great city’s resurgence. But Detroit isn’t like other markets, and new investors need to ask some questions here […]
One of the most common questions we get from investors is, “What ZIP codes are good?” But the thing about Detroit is that neighborhoods often succeed and fail on a block-by-block basis. ZIP codes usually encompass an area too large to generalize about. For example, here’s an outline of Detroit’s 48206 ZIP code, just down […]
One of the most common questions we get from owners is how much rental income they can expect to receive from their property.
Dealing with Detroit’s utility providers as a rental owner can be a challenge. Unexpected bills, shutoffs, and trouble with account access are just some of the issues we’ve seen our customers face.
While the foreclosure crisis is largely in the past, foreclosure auctions are still a great way to obtain new investment properties at below-market prices. If you’re buying foreclosed property in Michigan, there are some new laws on the books that could save you from financial and emotional pain. On the flip side, if you are an owner whose property is entering foreclosure, the new laws in Michigan may help you hold on to your home.
