A successful real estate investment can help you generate positive cash flow, earn rental income, and obtain a higher property valuation. However, success is only possible by effectively managing the property, which involves everything from marketing to repair and upkeep. You can, however, save time and money by obtaining the remote property management services we offer to Detroit investors. Our approach to remote property management allows you to earn passive income and focus on your other investments.
Who We Are
At Upside Investments, we offer comprehensive turnkey real estate and brokerage services. We strive to provide out-of-state and out-of-country investors with remote property management services in marketplaces that consistently deliver high ROI. We use a tried-and-true approach to helping investors find the right properties in well-performing locations.
Once you request our services, we’ll identify locations that offer equity opportunities, strong returns, appreciation potential, and low price points. If you choose to invest in a Detroit property, you can obtain our remote property management services. Our goal is to ensure a hassle-free experience that allows you to maximize your ROI.
How We Handle Remote Property Management in Detroit
Our team consists of contractors and property managers, which allows us to handle the entire management process. We take care of everything, which includes selecting quality tenants, collecting monthly rent payments, marketing your property, and preparing regular reports about the status of your investment.
Whether you hold more than a dozen properties in your portfolio or have one single-family rental in your possession, we provide the solution you need. Our experience in managing Detroit properties allows us to understand the market and how to attract the right tenants. You’ll discover that we make property management easy by delivering cost-effective maintenance and in-depth rent assessments.
Even though we manage all facets of your property, you’ll be informed of every important thing that happens. For example, when rents are collected or someone is evicted, you’ll be notified. The same is true when a new tenant comes in or maintenance is performed. All the information you need to make the right investment decisions for your portfolio will be readily available to you.
Benefits of Seeking Remote Property Management
There are many reasons why investors often choose to have professionals manage their properties. If you live in another state or country, it may be the only viable solution when you’re thinking of expanding to new markets. It can also save you ample amounts of time and money, which you can put to better use by focusing on your investment portfolio.
Reduce Tenant Turnover
The best property management companies have the knowledge and skills needed to keep their tenants satisfied. They make themselves available and are responsive to issues that tenants might have. When problems arise, a good property management company knows how to resolve them quickly. Satisfied tenants are less likely to move to another apartment building. They’re also more willing to take on rent increases when they occur.
Effectively Advertise Your Detroit Rental
Our property managers know how to advertise Detroit rentals to prospective tenants. By requesting property management services, you’ll receive comprehensive marketing as well. The marketing efforts that are available through remote property management include hosting open houses, creating rental ads, and taking pristine photos of the property. Our marketing materials can be tailored to your target audience.
Our knowledge of Detroit’s real estate market allows us to set competitive pricing that appeals to potential tenants while also allowing you to maintain a strong cash flow. Hiring a reputable property manager should help you reduce vacancy rates as well.
Avoid Bad Tenants
Among the best aspects of hiring a remote property management company like ours is that you’ll be able to avoid bad tenants. We handle the tenant screening process ourselves. Over the years, we’ve looked at thousands of applications, which allows us to more effectively identify possible red flags that can appear in paperwork. We also know how to identify quality tenants who will take good care of your property and make all their rent payments on time. By allowing us to manage this process, you’re more likely to gain a trustworthy and reliable tenant.
Make Sure Tenants Pay on Time
Property management companies are paid from the monthly rent collections, which means that they’re more motivated to make sure all tenants pay on time. Consistent and reliable rent collection is necessary to ensure a successful long-term investment. We understand how to properly enforce lease policies when payments aren’t received on time. By hiring a property management company, you can avoid the process of issuing notices and evicting tenants. While payment collection can be a major issue with some property management companies, finding quality tenants mitigates this problem.
Keep Repair and Maintenance Costs Low
Here at Upside Investments, our clients sometimes gain access to discounts for maintenance and repair services. We often work with the same service providers, which gives us an advantage when negotiating costs. If you were to take care of property maintenance yourself, it would likely be impossible for you to get the same pricing. We perform inspections regularly on the rental properties we manage, which allows us to find small issues before they get worse and turn into more expensive problems.
Avoid Possible Legal Issues
Our property managers also understand fair housing and landlord-tenant lawsuits, which might help you avoid legal issues and save money. We may also take care of the lawyer fees that can arise when dealing with property damage or evictions. The goal of any reputable property management company is to make sure their clients are satisfied and never need to worry about the property.
Our expert remote property management team is ready to help you begin your journey into real estate investing. We’ll take a look at your property and discuss your preferences to ensure our services are tailored to your investment goals. Call us today to get started!
