Detroit Offers Tax Breaks to Affordable Housing Developers

In recent years, it’s become fairly common to hear local officials and journalists talk about the idea of a “renaissance” in Detroit. It’s true that downtown Detroit is undergoing some very positive changes, but sometimes urban renewal can have unintended negative consequences on a city’s most vulnerable residents.  In San Francisco, for example, rapid commercial… Read more »

Historic Midtown Apartment Building Undergoes Renovations

Another historic building in Midtown Detroit is getting a new lease on life thanks to a multi-million dollar investment from its new owners. The former Milner Arms apartment building, now known as The Hamilton, is currently in the process of undergoing a $12 million renovation that is scheduled to be complete in the fall of… Read more »

Detroit Offers Educators a 50 Percent Discount on Housing

It can be difficult to buy a home on a teacher’s salary, but this year the city of Detroit made it a little easier for educators to find affordable housing. Recently, Mayor Mike Duggan announced that local educators can now take advantage of a program which grants steep discounts to city employees who buy homes… Read more »

Detroit City Council Approves New Rental Property Ordinance

Earlier this month, the Detroit City Council voted unanimously to approve new, stricter regulations for rental property owners. Under the terms of the new ordinance, tenants can now legally withhold rent payments from landlords if their properties are not in compliance with city code. Although landlords in Detroit are required to register their rental properties… Read more »

Inventory Decline Drives up Housing Prices in Metro Detroit

If you’ve been keeping an eye on the housing market in Detroit this year, you may have noticed a surprising upward trend in housing prices across the region. According to the Detroit Free Press, housing prices in August were up 7.2 percent compared to the same time last year. Furthermore, housing prices were up by… Read more »

Foreclosure Rates Finally Fall Below Pre-Recession Levels

The statistics released by ATTOM Data Solutions show that there were more than 230,000 foreclosure filings through the first three months of 2017 in the U.S., And while that might seem like a high number, it actually represents an 11 percent dip from the final quarter of 2016 and a 19 percent dip when compared… Read more »

Should You Allow Tenants to Make Property Renovations?

Generally speaking, landlords and property managers are responsible for making repairs and improvements to their properties as needed. Every now and then, however, you may come across a particularly ambitious renter who wants to make some improvements of their own. In this case, you may be understandably hesitant to let inexperienced renters make changes to… Read more »

Inspect, Then Invest: Order an Inspection Before Buying Investment Property

Have you found an investment property that you’re interested in buying at some point in the near future? Great! Real estate is usually one of the best investments you can make. Before you commit to buying an investment property, however, you should have a professional home inspection performed so that you know exactly what you’re… Read more »

Take Control of Collections in 2017

New year, same difficult tenants? Working with tenants who refuse to pay you or make a mess of your property and skip town can be extremely frustrating for property owners – not to mention expensive. But don’t worry: you have legal recourse to help you collect what your tenants owe you, and Aaron Cox Law… Read more »