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Lead Based Paint Testing
PRICING UPDATE |  | |
We recently contacted property owners to let you know about new requirements of the City of Detroit regarding Lead Based Paint. We have a program in place for testing and removal. We recently reviewed our program and we are able to reduce the package price by approximately $100 without diminishing efficiency or service. Call us today to schedule a visual inspection. |
| E- Deposits Available |  | |
E-Deposit capabilities are available for owners who wish to receive their monthly rental payments electronically. The settlement date for this feature is the 14th of each month, with a second run between the 21st and 24th for any late payments received.
To receive E-Deposits, log in to your Owner Portal and input your banking information to the designated fields.* |
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Greetings!
It's hard to believe that 2010 is coming to an end already. Time goes by so fast. At the beginning of the year, we made some market predictions - some good, some bad. Here we revisit our predictions and review the market's progress over the past 12 months. We will also discuss the benefits of creating an LLC for property owners. Finally, we are proud to tell you about the successful launch of our regional office in Warren Michigan in 2010. |
 | Market Predictions for 2010 - Revisited |  In our January newsletter, we predicted that we would not be able to increase rents due to the battered economy and increase in foreclosures. In fact, beginning in October, we are increasing rents on new leases and lease renewals. We also mentioned that the Section 8 program was expected to reduce voucher amounts in 2010 and landlords with existing Section 8 tenants would be forced to reduce rent charges or lose thier tenants. In fact, tenants with existing leases did not have their voucher reduced until the lease expired. This may have caused a potentially long-term tenant to have to vacate a property that they could no longer afford once their lease expired. However, our Call Center Agents are standing by to place new tenants into the vacated properties and assist the displaced tenants in finding a new home. |
| Is It Time To Set Up An LLC? |  You are not only a property owner, but you are also an entrepreneur. As such, it may be beneficial to you to set up an LLC - or a Limited Liability Company - to protect your personal assets from damages and other losses from your business. Consider setting up an LLC over the rental properties so that your personal property, such as your home, car and other assets, are protected from the unpredictable demands of owning rental property. There are also tax benefits to having an LLC and you may obtain a separate LLC for each property if you own more than one. For more information about setting up an LLC, contact The Law Offices of Aaron D. Cox, PLLC at 734-287-3664. |
| Garner Properties is Conveniently Located in Warren, Michigan
| In May 2010, we opened our Warren office to serve prope
 | | Mytitia Hulon Regional Manager |
rty owners and tenants in the northeast region of Metro Detroit. To date we have more than 40 active properties available in the area and that number is growing. Mytitia Hulon, Regional Manager in Warren commented that, "Our existing clients are glad to have a convenient regional office and it makes business development a lot easier with a local presence. Service is quicker and more personalized." Mytitia can be reached directly at 586-619-7715 or 800-767-2386. Look for more regional offices coming soon within Michigan and in other States as Garner Properties & Management continues to grow with its clients.
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We are looking forward to your continued success with Garner Properties in 2011. We appreciate your partnership and we wish you and your families Happy Holidays and a prosperous New Year.
Sincerely,
Chris Garner
Garner Properties & Management |
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