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Posts tagged "rental properties"

Landlord-tenant dispute leads to arson charges

Landlord-tenant disputes are not uncommon in Michigan, but rarely do they get as extreme as one recently did in New York. A Westchester County landlord set two separate fires outside her home early in the morning of November 3. Her own family members, including two grandchildren, were sleeping inside the home at the time, according to local police officers. They further added that, after lighting each of the fires, the woman simply went back to bed. She allegedly set the first fire around 12:30 am and the second around 4:30 am. The fires burned down a pine tree behind the home, igniting a rear deck as well.

How a rise in rent can lead to a legal dispute

When renters in Michigan first sign a lease agreement, they generally know what the price of their rent is going to be for the duration of their lease agreement. While most renters know that their rent can increase over the course of their stay at a rental property, some may not consider whether that raise is legal or not.

Despite rise in home prices, rental properties still making money

With home prices on the rise, buying a house now in Michigan is a lot better decision than it was just three years ago. That's because the housing market is finally rebounding after the burst of the market bubble that cost thousands of people their homes. But despite the fact that prices are on the rise, some people are still hesitant to sell their homes in a market that could reverse at any moment.

A new way to look at retirement life

When most people in Michigan think about retirement-living communities, their brains tend to conjure of images of retirement homes with bland food and décor that appears to have hit its stride 30 years ago. But with new ideas about what retirement life should really be like sweeping the nation in recent years, this common image could become a thing of the past.

Senior citizens protest against landlord for upkeep of rental properties

We can never stop the news from happening; everyone in Michigan knows that. But when we hear a news story about poor living conditions and property managers who seem to be avoiding their responsibilities, most residents in Michigan can only hope that it's not happening to them.

Old buildings, new purposes: Renovating Michigan's past

Many Huntington Woods residents don't usually think about the goings-on in the Upper Peninsula unless we're making plans for a vacation getaway. But when the Keweenaw Peninsula isn't being visited by vacationers from the Lower Peninsula, many of the towns up north are thriving communities; this could be due in part to the recent renovation projects that are transforming communities in the U.P.

Rental property ban sparks legal debate

In many states, including Michigan, renting from a property owner requires that certain documents be filled out and that appropriate identification be presented. Real estate attorneys across that states all agree that it is important to read through lease agreements thoroughly before signing them.

Switch from renting to owning may hurt apartment landlords

In the wake of a particularly rough recession, families in Michigan and across the United States have seen everything from lost jobs to lost homes. When the housing market dipped to its all time low recently, home foreclosures forced many families to choose renting over ownership.

Becoming a first-time landlord

As the housing market in Detroit continues to improve, many residents are considering an investment property or a second home. Others are considering renting out an existing second home or condo to cover mortgage payments while they wait to sell. In an situation, becoming a landlord can be both rewarding and stressful, but there is a lot that prospective landlords can do to make the process easy and profitable.

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