Property Management Blog

Blog Post What Exactly Is
By Nelson Property Management - Tuesday, February 4, 2025

What Exactly Is "Normal Wear and Tear"?

As a landlord, your rental property is bound to experience some type of damage during a tenancy. This damage can either be normal wear and tear or excessive damage. However, it may not always be easy for you to differentiate between the two types...
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Blog Post Why You Should Invest in Real Estate Over the Stock Market
By Nelson Property Management - Tuesday, February 4, 2025

Why You Should Invest in Real Estate Over the Stock Market

When it comes to financial investments, there are two most common options available: the stock market and real estate. Both avenues offer promising opportunities for growing wealth, yet for those contemplating where to channel their hard-earned mo...
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Blog Post Rental Property Marketing Mistakes
By Nelson Property Management - Tuesday, February 4, 2025

Rental Property Marketing Mistakes

To be a successful landlord, your primary goal is to fill your rental property with tenants as soon as possible. Vacancies can cause income loss, and the longer your property stays vacant, the more money you will lose. However, the process of fill...
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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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