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 »

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 »

Pets and Rentals: Deposits, Fees and Damages

Owning and renting out property can be a tricky business. Most of the time, renters take pretty good care of the spaces they inhabit – and if they don’t, that’s what security deposits are for. But what if the tenant has a pet that causes significant property damage beyond what’s covered by the security deposit… Read more »