The other day Peter from Sydney asked…
“It’s all very well having these high yields. But how do I know my tenant will be reliable and look after my property?”
It’s a very good question.
Because for your investment to be a success you need tenants who pay their rent on time and take care of your property.
If they don’t it can cost you a lot of money.
That’s why proper tenant screening is so important.
But you would be surprised how many companies don’t bother to do it.
There are simple checks your management company can do online.
These include making sure your tenant has:
- No criminal record
- A decent credit rating
- No previous evictions
Which is all very useful.
But it doesn’t tell you what a tenant is really like.
To find out you need to interview them face-to-face.
It doesn’t matter if tenants are Section 8 or working professionals.
For us proper screening is essential.
But we don’t invite them to our offices.
We visit them in their own home.
So we can see if they are looking after it.
We ask their current landlord if he has had any problems with payments or damage.
And only when we are completely satisfied does the tenant get offered a lease.
After all, you have entrusted us with your property.
The very least we can do is make sure it is looked after and you get paid on time.
Of course, sometimes there are problems.
But because we keep a close eye on things after they move in, we can usually nip them in the bud.
So if you would like to see what’s on offer – just reply to me.
Let’s have a quick look at a few that are available right now.
Fitzgerald is in West Detroit next to upmarket Bagley and the University District.
It is a great place to invest because the neighborhood is undergoing a US$ 30,000,000 revitalization project.
That means there is plenty of demand from home owners and tenants.
So property prices and rents are on the rise.
This property is only 1.4km (0.9 miles) from Marygrove College and a 5 minute drive to University of Detroit Mercy.
And just a 10 minute drive to Detroit Golf Club and Palmer Park.
The house has 4 bedrooms, 2 bathrooms, a living room, a kitchen, a 672 sq. ft. basement and a 3,920 sq. ft. garden.
It is on offer for US$ 52,498.
Your monthly rent is US$ 850.
Your net yield is 15.08%.
That’s US$ 7,919 in your bank account every year.
Want full details?
Simply reply to me.
Osborn is an established neighborhood in Northeast Detroit.
It is 15km from Downtown Detroit or a 19 minute drive.
Many people who live in Osborn work in Warren which is just a 10 minute drive.
This is because properties in Warren are at least 3 times the price of property in Osborn.
That means there is high demand for houses in Osborn and prices are rising fast.
This property is only 200 meters (0.1 miles) from shops, banks and restaurants on East McNichols Road and O’Brien Playground.
Optimist-Parkgrove Playground and Brenda Scott Academy are a 10 minute walk.
The house has 3 bedrooms, 2 bathrooms, a living room, a kitchen, an 860 sq. ft. basement and a 4,792 sq. ft. garden.
It is on offer for US$ 48,888.
Your rent is US$ 825 per month.
Your rental yield is 16.35% net.
That’s US$ 7,992 in your pocket every year.
Want to know more?
Just reply to me.
Morningside in Southeast Detroit is one of the oldest neighborhoods in the city.
It borders affluent Grosse Pointe and East English Village
Morningside is known for its excellent block clubs.
They play an important role in the community by organising local events and meetings.
Moreover, they encourage neighbors to be vigilant which helps to keep crime rates low.
As a result there is high demand for property in the area from buyers and tenants.
And prices are rising fast.
This property is 300 meters (0.2 miles) from J. E. Clark Preparatory Academy and the shops, banks and restaurants on Mack Avenue.
Grosse Pointe Park and Detroit Riverfront are a 5 minute drive.
The house has 4 bedrooms, 2 bathrooms, a living room and a kitchen.
There is also a 627 sq. ft. basement and a 4,792 sq. ft. garden.
This property is on sale for US$ 52,995.
Your rent is US$ 850 per month.
Your net return is 15.20% – after all expenses.
That’s US$ 8,057 in your hand every year.
If you would like to know more – simply reply to me.
Remember all our USA investment properties are:
- Fully renovated – average cost of works US$ 20,000
- Freehold with full warranty deed
- Already tenanted with pre-screened tenants – you get paid from day one
- Professionally managed – your rent is paid on time into your own bank account
Plus, with our Detroit properties you get all this completely free:
- Free Title Insurance
- – value US$ 499
- Free 1 year Property Insurance
- – value US$ 495
- Free 12 month Home Warranty
- – value US$ 700
Total value = US$ 1,694.
I won’t offer you unrealistic guarantees which can’t be fulfilled, like some people I could mention.
But I do promise you…
- Your vacancy rates will be very low (last 3 years 3.58% average)
- You will always get paid what you are due
- I will stay right by your side for as long as you own your property
It doesn’t matter if it’s 3 months or 30 years – if you have a problem I’ll be here to help.
Because I know that if you get the returns you are expecting you’ll come back for more.
You might even refer your friends and family, if I’m really lucky.
And unlike many of my competitors I don’t charge you a finder’s fee, an enabling fee or an arrangement fee.
In fact I don’t charge you any fees at all.
So if you would like full details of what’s on offer in Detroit – just reply to me.
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