
All of the properties sold through Colossal Property Investments in Detroit come with a Property Management Company in place, with tenants on their waiting list due to the high demand for rental properties in the area.
Properties are rented out unfurnished, so you do not have the worry of ever having to replace furniture with the exception of kitchen appliances..
Our Property Management Company in Detroit Metropolitian Area manage all our customer investment properties as well as our own personal properties. Their professional service is second to none. All tenants are screened and referenced and have to adhere to strict guidelines. All tenanted properties are checked regularly and rents collected on the same day each month.
On signing The Rental Management Agreement Contract with The Property Management Company, you will required as an owner, to place $500 Dollars into your rental account for any future urgent maintenance repairs that may arise. The Property Management Company will always seek your permission for any urgent repairs that will cost in excess of $250 and will always inform you of any repairs that have had to be carried out on your property. The cost of repairs are always kept to a minimum.
All properties purchased through Colossal Property Investments will generate a high yield rental income, we aim to achieve 30% gross / 20% net per year, this is paid to you monthly through our Property Management Company.