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Michigan is a suburban state in the Midwest that offers great real estate investment opportunities. It’s a wonderful place with beautiful scenery and a lot of recreational activities for its residents and visitors. With its relatively low cost of living, affordable housing, and unique lakefront properties, Michigan offers a good quality of life that makes it a desirable place to live in. With its growing population, the demand for Michigan real estate is also increasing. This is one reason why Michigan is a great place for investors planning to…

Michigan Landlord-Tenant Laws gives landlords the right to charge their residents a security deposit. As a landlord, this allows you to safeguard yourself against a number of potential financial damages that can result from renting out your property. You can use your resident’s security deposit to cover damages exceeding normal wear and tear. Such damages include missing fixtures, holes in the wall, broken tiles or windows, and heavily stained carpets. If a resident causes such damages, you can use part or all of their security deposit to cover…

Michigan is one of the most lucrative markets for investing in real estate. If you plan to invest in a Michigan rental home, it’s important to understand the landlord-tenant laws that rule the state to avoid any potential issues. As a landlord, you have the responsibility to ensure that you stay in compliance with the law. Understanding the Michigan landlord-tenant law is important so that you’ll know your rights and responsibilities as a landlord, as well as those of your renters. This way, you’ll be able to deal with legal issues that may ar…

The Rental Property Owner’s Association has a wonderful podcast series. A recent episode asked a question many of you probably have too – Is Professional Property Management Worth It? In this episode, two local property investors James Loftus & Patrick Spitzley discuss their experiences with using a property manager to take over their portfolios. James owns a large portfolio of rental units in Grand Rapids. He also happens to be one of our customers, and we are grateful he chooses Compass to be his professional property manag…

I or someone in my family can do it. There are times in life when everyone needs to hire something out. You lack either the time or skills (or both) to be able to complete a task and begin lo0king for someone who does. Often these choices are obvious. If you don’t know a socket from a driver you’ll be taking your car to a mechanic for brakes. The problem comes when you choose to do something yourself and find out later you underestimated the necessary amount of time or skill. This mistake can often be very expensive. Imagine custom ordering a n…