I read about this problem in a real estate forum : There was a Japanese investor who bought a rental duplex in from a real estate agent whom he barely knew. He was promised that the property in located in that Detroit area is very much viable for profit. It turned out that the agent who sold him the rental duplex, is not a Detroit property manager from a reputable Detroit property managers company. As a result, this investor ended up doing what Detroit property managers companies should be doing in the first place.
Detroit property managers are the ones responsible for dealing with the tenants' problems, but the investor was the one who went through the trouble of collecting payments and evicting non-paying tenants. A Detroit property managers company could have helped him find a better tenant beforehand. Since he was new in the business, he never realized it until it was too late. After the said eviction, the other tenants threatened to leave the property too, unless he would reduce the rental fees. Had he hired a Detroit property manager from well-known Detroit property managers companies, it would have saved him from a lot of head ache. Detroit property managers take charge of all your property business transactions, so you could get your money's worth with less time and effort.
