Property Management Blog

Blog Post Investing in Out-of-State Property
By Nelson Property Management - Tuesday, February 4, 2025

Investing in Out-of-State Property

Is expanding your property portfolio beyond your local borders on your mind? Diversifying investments by considering out-of-state properties can be an exciting venture for landlords. It offers new market opportunities, potentially higher returns...
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Blog Post Guide to Making a Solid Lease Agreement for Your Rental Property
By Nelson Property Management - Tuesday, February 4, 2025

Guide to Making a Solid Lease Agreement for Your Rental Property

A lease agreement is a contract that is legally binding and is made between a tenant and a landlord. It emphasizes the responsibilities and rights of each party. It is limited in duration (usually a year). It's important that you make a solid leas...
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Blog Post Top 8 Amenities Renters Can't Resist in Metro Detroit
By Nelson Property Management - Tuesday, February 4, 2025

Top 8 Amenities Renters Can't Resist in Metro Detroit

When renters search for a new home, a property’s location is thought to be one of the most important factors they consider. However, when the properties are located in the same neighborhood, there can be very few factors to separate one rental p...
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Blog Post Reasons to Invest in Metro Detroit Real Estate
By Nelson Property Management - Tuesday, February 4, 2025

Reasons to Invest in Metro Detroit Real Estate

What’s common among the top investors of the world? Many of them sink their funds and resources into real estate. Among the different classes of investment in the market, real estate is regarded as one of the best. It offers stability, appreciat...
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Blog Post How to Avoid Water Damage in Your Rental Property
By Nelson Property Management - Monday, January 20, 2025

How to Avoid Water Damage in Your Rental Property

Water damage is one of the most common and costly issues rental property owners face. Left unchecked, even small leaks can lead to significant problems, including structural damage, mold growth, and expensive repairs. Preventing water damage is e...
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Blog Post Real Estate Metrics Investors Need to Know
By Nelson Property Management - Sunday, December 15, 2024

Real Estate Metrics Investors Need to Know

When it comes to successful property management, understanding key real estate metrics is essential. These numbers offer valuable insights into property performance, market trends, and potential profits. By keeping an eye on these critical indic...
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Blog Post Why Rental Properties Are Still a Good Investment When Interest Rates Rise
By Nelson Property Management - Wednesday, November 6, 2024

Why Rental Properties Are Still a Good Investment When Interest Rates Rise

Typically, when interest rates rise, so does the cost of living, as goods and services increase in price. Moreover, the fluctuation of interest rates can significantly affect the markets. When interest rates increase, borrowing costs increase, wh...
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Blog Post What to Do if the Deposit Doesn’t Cover Unpaid Rent
By Nelson Property Management - Monday, October 7, 2024

What to Do if the Deposit Doesn’t Cover Unpaid Rent

Most landlords require tenants to pay a security deposit as part of the initial move-in costs. This is important to ensure that the landlord has some sort of insurance against possible negligent actions during the tenancy. Be that as it may, the ...
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Blog Post Tips to Find Great Tenants for Your Rental Property
By Nelson Property Management - Thursday, September 19, 2024

Tips to Find Great Tenants for Your Rental Property

Whether you’re a part-time or full-time landlord, finding reliable tenants is one of the most important aspects of managing your rental property. Great tenants pay rent on time, take care of your property, and follow the terms of the lease. How...
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Blog Post What to Include in a Rental Agreement
By Nelson Property Management - Sunday, August 18, 2024

What to Include in a Rental Agreement

While rental agreements will differ between properties, a common ground links through all these contracts since the same basic terms are expected to appear on them. They will also be governed by the same state laws and local regulations, so you w...
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