Landlord And Creditor Services

Some would say it is an open secret in the real estate industry that the sector is experiencing strong headwinds—maybe even a looming hurricane. Office vacancies are up, and nearly $2 trillion in loans nationwide are set to mature in the next three years. As a...

When rent is overdue, the eviction process begins. If a tenant makes a partial payment, does this reset the timeline and extend their stay? The landlord may start the eviction process as soon as the tenant falls behind on rent. The landlord must first serve a notice,...

Lease agreements play an important part in any landlord-tenant relationship. These agreements help protect your property and business interests. If any misunderstandings or issues come up, your lease agreement serves as a permanent record you can use as a reference or...

As a landlord, you will likely encounter challenging tenants at some point. This could be due to non-payment of rent, disruptive behavior and many other issues. When the situation becomes exasperating, shutting off utilities to expedite their departure might seem...

Leases are essential agreements for both landlords and tenants. They outline the rules and responsibilities for each party during the rental period. However, there are times when a landlord may need to break a lease.  Common reasons a landlord would break a lease...

When evicting a tenant in Michigan, landlords must follow specific rules and regulations. Understanding the grounds for eviction helps landlords and tenants know their responsibilities. Nonpayment of rent According to USGAO estimates, landlords evict millions of...

A significant law change going into effect in 2024 involves rental income that Michigan landlords must report on their1099-K forms. The current tax season is the first in which the Internal Revenue Service has changed reporting requirements to address unreported rent....

Being a landlord in Michigan can be a great way to earn additional income and be your own boss while managing a property ownership business. Plus, your income tends to increase as you purchase and lease out more homes and apartment units. However, this role isn't as...

If you're a Michigan adult looking for extra money or to pay off a mortgage, renting out an owned property is a great way to achieve these goals. But it's understandable to have questions about becoming a landlord. A common concern landlords face is how much money to...

As a Michigan homeowner, you may be considering renting out a house you own to supplement your income. But you should be aware not only of the upside, but also the responsibilities and potential downsides. Being a landlord can be a wonderful way to add another income...