Property Management Blog

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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Blog Post The Benefits of Renting to Tenants with Pets
By Nelson Property Management - Wednesday, July 17, 2024

The Benefits of Renting to Tenants with Pets

Renting to tenants with pets can be a beneficial decision for landlords. While there are risks involved, the advantages often outweigh the potential downsides. Understanding these benefits can help landlords make informed decisions that enhance t...
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Blog Post When and How to Raise Rental Prices
By Nelson Property Management - Thursday, June 20, 2024

When and How to Raise Rental Prices

Investing in a rental property in Metro Detroit can be a great way to earn a steady stream of passive income while also growing your long-term wealth. As a city with a high cost of living, Detroit is a great area to invest in real estate. The hig...
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Blog Post The Importance of Regular Property Inspections
By Nelson Property Management - Thursday, May 23, 2024

The Importance of Regular Property Inspections

Are you confident your rental property is in top-notch condition? Regular property inspections are the key to maintaining your investment and ensuring tenant satisfaction. As a landlord, staying proactive with inspections helps you identify potent...
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Blog Post Smart Investments: How to Choose Profitable Rental Properties
By Nelson Property Management - Sunday, April 28, 2024

Smart Investments: How to Choose Profitable Rental Properties

Given that inflation continues to increase year after year, it is wise to seek out ways to grow your savings or make your money work for you. One of the most effective strategies is by investing in real estate and converting them into rentals. If...
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