Posts Categorized: Real Estate

How Much Should You Charge for Rent?

Real estate, keychain with house symbol. Calculator with finance blank.

Currently, many landlords are feeling the impacts of inflation. Energy costs and property costs are rising, and this is forcing landlords to increase the price of rent. Nationally, rental costs have risen 11.3 percent over the past year, and it doesn’t seem to be stopping there. As a landlord, then, you have to decide how… Read more »

Does Your Property Offer Reliable Income?

apartment building

When in the market for income property, there are many points to consider before signing a purchase agreement and committing to a years-long mortgage. But there is one item to always remember: you want an income property to function as a steady source of income. But how can you ensure that your property is offering… Read more »

Study Finds Detroit Demolitions May Have Curbed Crime Rates

According to a new study conducted by the University of Michigan and Harvard University, Detroit’s demolition program may have curbed crime rates and decreased firearm violence. First, some background: Thousands of houses in Detroit sat vacant and abandoned for years after their owners moved out to the suburbs or had their homes foreclosed. Many of… Read more »

Detroit to Receive $6M in Tax Credits for Low-Income Housing

Good news for affordable housing advocates in our area: on July 22, Michigan Governor Gretchen Whitmer and Detroit Mayor Mike Duggan announced that Detroit will receive over $6 million in tax credits for low-income housing. The credits will help finance more than $100 million in housing investments. The Michigan State Housing Development Authority (MSHDA) has… Read more »

Detroit City Council May Change Short-Term Rental Regulations

AirBnB hosts and renters take note: the Detroit City Council could make major changes to the city code to regulate short-term rentals. The council is considering a potential ordinance that would restrict the type and length of short-term rentals permitted in the city, as well is who is allowed to offer them. The ordinance is… Read more »

An Update on the City Planning Commission’s Rezoning Process

Zoning ordinances are important pieces of legislation that determine more than whether properties in different geographic zones can be used for residential or commercial purposes. They can also limit the size of lots or the heights of buildings and determine the density of districts or zones. In short, they can define the character of a… Read more »

Detroit Tops List of Cities With Largest Rent Hikes

Despite attempts from city officials to maintain a healthy inventory of affordable housing options in Detroit, many Motor City residents are devoting a larger share of their paychecks to rent payments than they were just a few years ago. That’s what financial tech company SmartAsset found in a recent report which compares household incomes to… Read more »