Where Real Estate Investors & Landlords Go for Success

REI Mastery Minute: Your Real Estate Investing Questions…Answered!

The REI Mastery Minute is a Q&A video series where we answer some of the most common questions that Michigan landlords and real estate investors have.

Also be sure to check out the RPOA’s Knowledge Base for answers to more real estate investing and landlording questions!

RPOA – Michigan’s Largest REIA…become a member today!

 

What Are the Different Kinds of Notices That You Can Give a Tenant to Start an Eviction?
 
 

If My Tenant Files for Bankruptcy, How Can I Make Sure That I Still Collect Rent?
 
 

Why Would I Sell a Property on a Land Contract? How Large of a down Payment Should I Take, and How Much Interest Should I Charge?
 
 

Do I Need to Screen Tenants One by One as They Come in or Can I Do Them All at Once and Pick the One That I Feel Is Best? 
 

How Do the New Marijuana Laws in Michigan Affect Rentals? Can I Still Evict Tenants That Smoke Marijuana on the Property?
 
 

Should I Use a Boilerplate Land Contract or Should I Get the Assistance of an Attorney to Write One?
 
 

How Do I Dispose of Items Left by Tenants?
 
 

Can I Accept Partial Payment on a Possession Judgment and Still Evict the Tenant If the Full Payment Is Never Made?
 
 

What Happens If Payments Stop Being Made on a Land Contract? How Do I Go About Getting the Property Back, and How Long Does That Process Take?
 
 

Can I Change the Locks If a Tenant Has Not Vacated After Receiving a Possession Judgment?
 
 

What Is the Difference Between a Security Deposit and a Nonrefundable Fee?
 
 

Are Option Fees the Same as a down Payment and Are Either of Those Refundable?
 
 

Do I Have to Participate in the Section 8 Rental Voucher Program?
 
 

When Tenants Pay Their Rent Late, Can I Charge a Late Fee?
 
 

Can I Use Some of My Units as Short-Term Vacation Rentals?
 
 

How Do Know If Tenants Have Vacated the Property If There Are Belongings Left Behind and Can I Throw out the Items That Are Left Behind?
 
 

What Expenses Can Be Deducted from Security Deposits When Tenants Move Out?
 
 

When a Buyer Finishes Their Payments on a Land Contract, Should They Get a Quitclaim or a Warranty Deed?
 
 

Do I Have to Evict Tenants If Instructed to Do so by the Police, Due to Drug-Related Activity?
 
 

What Is the Most Typical Type of Notice and How Long Does It Take to Evict and Regain Possession of My Property?
 
 

When I Buy or Sell a Land Contract, Do I Need to Record It with the County?
 
 

Can I Sell a Property When There Is Still a Tenant Living There?
 
 

If a Neighbor’s Tree Is Hanging over My Property, Can I Trim It?
 
 

What Are the Biggest Mistakes That Investors Usually Make When Buying a New Rental Property?
 
 

Can I Enter the Property When the Tenants Are Not Home and What Do I Do If There Is an Emergency and I Am Being Denied Access?
 
 

If Only One Person in a Unit Moves Out, Do I Have to Return Their Security Deposit?