If time is money, consider how much time a property owner must spend to effectively manage a rental property. Hiring experienced property managers in Detroit can free you from a whole host of burdens involved in leasing and maintaining a Michigan rental property.
First you must ensure that your Detroit property is ready for rent, which can be costly and time-consuming, depending upon the condition of the rental property. Next you must secure a tenant, which may involve days of interviewing applicants, responding to their queries, screening them, running background checks, and showing the rental property at hours when you may need to be elsewhere. And then, of course, there's rent collection and maintenance to be done on an ongoing basis. Are you really saving money when you spend your time this way?
Certainly, if you do not live near your Michigan rental property, or if your investment property is simply too large for one person to maintain, you are much better served by hiring professional management. But even if you have a single-family home in Detroit for lease, you might be pleased and surprised to learn that hiring professional Detroit property managers is much less expensive than you think. Find a company with a reasonable fee schedule, and let them do what they do best. You will then be free to spend your time doing what you do best.