One Step Realty, Inc. is here to help you through every step of the process of becoming a landlord, and we’ll handle many of the annoying details along the way. From the moment you sign with us, we will:

• Advertise your rental property visibly and effectively
• Thoroughly investigate tenants to find an appropriate resident for your home
• Follow all applicable Michigan laws required disclosures to tenants (ie. lead-based paint)
• Enter a proper lease agreement with the tenants
• Collect the security deposit and monthly rent
• Relay the payment to you minus property management fees
• Take care of any emergency repairs that are needed so you don’t have to worry

While we work hard to make sure your rental goes smoothly, should a situation arise, like the need to evict a tenant, One Step Realty, Inc. will assist you with following Michigan laws to properly evict a tenant. We want this experience to be as smooth and hassle-free for you as possible.

If you have any questions, we would love to discuss them with you. Just give us a call at 800-611-3766 today!

Property management is a service that helps property owners take full advanatage of their rental properties. Property managers deal with all of the headaches associated with owning rental property. They will find tenants for your property, deal with the lease paperwork, legal disclosures. Property managers will then collect the rent from the tenants every month, and send you a check. If any emergency repairs come up, they will also handle them so that you are not dealing with a pipe leak or overflowing toilet in the middle of the night. In the event that your tenants are unable to pay their rent, they will also assist you with the legal aspects of eviction, making sure you are covered under the applicable laws of your state.

Having competent professionals managing your property can definitely take away some of the hassles of dealing with being a landlord. Most property managers charge a percentage of your total rent, which is a bargain if you can find a good property manager who will take good care of your property.

If you need a good property manager for your property in Michigan, One Step Realty, Inc. is here to help you. We’re located in Grand Rapids, and we manage properties across the state, from Grand Rapids to Detroit, Traverse City to Michigan City. Let us help you take the headachesout of property management - give us a call at 800-611-3766!

Many states have strict laws regarding what a landlord can and cannot do to their properties and tenants before, during, and after a lease. Knowing these laws is vital to protect yourself, and not knowing them can leave you open to serious liability when managing your property. Utilizing professional property management services can help you navigate the complicated landlord laws in your state, reducing your liability while dealing with tenants.

Before a lease is even signed, you may need to provide various disclosures to your tenants to reduce your liability. For instance, if your home was built before 1972, you may need to provide your prospective tenants with a lead-based paint disclosure. Then, during your tenants’ lease, you may have to leagally provide them with notice before you or a contractor enters the home. After your tenants’ lease is up, there are laws regarding the security deposit, what you can and cannot keep, and how quickly you must return it to them.

Navigating these laws can be a chore, but using good property management can help you reduce your liability. One Step Realty, Inc. is ready to help you properly manage your property. If you need help managing your property, give us a call at 800-611-3766! We look forward to hearing from you!

If you own a home and you cannot sell it in the current market, property management can help with paying the mortgage until you are able to sell the house. In the current market, a lot of homeowners are unable to sell their homes, and yet they have to move for jobs, family, and various other reasons. Having a house sitting empty while still having to pay the mortgage every month can put tremendous strain on your finances and your family. Renting out your property using a property manager can give you the cash you need to pay the mortgage, and reduce the financial strain. Even if you break even, or even lose a little every month, it is better than paying the full mortgage and utilities by yourself. The greatest benefit of having tenants is their help with cashflow and paying off your mortgage.

There are also many fringe benefits to owning property, such as potential tax advantages, write-offs, and other business expenses. If you lose money over the course of the year due to your incoming rent being less than your mortgage, or repairs on the house, you may be able to write that loss off against your income. Consult your tax advisor to see what other tax advantages might be available to you.

If you are ready to lease your property to tenants and start getting some money coming in every month, give One Step Realty, Inc. a call today at 800-611-3766! We will help you lease your property and reduce the financial strain of owning a home you cannot sell.

While leasing a property provides many advantages, having tenants can also be challenging at times. Tenants are human, and life happens to them just like everyone else - especially in the current economy. Tenants lose jobs, get divorced, and need to move for various reasons. This means that sometimes your tenants will be unable to pay their rent on time, or even at all. A good property manager will present you with options and help you weigh the pros and cons of each. Sometimes having a slow-paying tenant that takes good care of the property is worth keeping, and sometimes eviction can be the best route. No matter what happens, a competant property manager can help you nagivate the headaches associated with renting out your property.

If you need a helping hand when dealing with your tenants and rental property, please give One Step Realty, Inc. a call at 800-611-3776. We look forward to managing your rental property, finding the best tenants for your property, and helping you get paid every month.

Here are some of the typical costs associated with property management:

1. Property Management Fees: Your property manager will typically charge you a fee every month, which is usually a percentage of the rent collected from your property.

2. Repairs: As a landlord, you are responsible for maintaining the home just as if you lived there yourself. Your property manager will typically take care of repairs automatically, and deduct them from your rent. Usually a property manager will get your approval if a repair is above a pre-set amount.

3. Legal Fees: In the unfortunate event that you need to evict your tenants, a property manager will connect you with a competant lawyer and deal with the court dates, but you will be responsible for the legal fees associated with eviction.

4. The Mortgage: You are still responsible for paying the mortgage on time, and in the event that you are unable to pay the mortgage, you need to talk to your property manager right away.

As you can see, two of these costs are just the cost of owning property. Using a good property manager will increase the likelyhood of finding good tenants that pay their rent on time. If you are ready to get started with competant property management, give One Step Realty, Inc. a call today at 800-611-3766!

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