Lease Renewals: 8 Essential Steps Owners Should Know

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Owners think renewing a lease is a simple task done by a property manager. It’s not that easy! There are 8 steps involved, depending on the property manager. Don’t assume your property manager will even do it! I did make an online course teaching people how to manage their properties themselves. Even if you don’t want to do that, you can take the course so you can better manage your property manager.

If you want to learn more about our online course, Section 8 Rental Mastery, book a call here:


Link to Course: Section 8 Rental Mastery


If you want to discuss buying a Detroit turnkey rental, please go to my calendar here and book a call:

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We only sell a couple of houses a month. This is step 1 to join our waiting list.
Cash buyers get our newly renovated turnkeys. If you're using a loan, I can sell you our other houses that we renovated between 2016 and 2020 that are now for sale again. Buyers typically sell them because their property manager has been too difficult. Or I can refer you to my best Detroit agent.

Free Offer:
Section 8 Prescreening Questionnaire


For Sale Page:

I don't always update this page because my properties have a buyer sometimes before they're done and I can list them on this page. You can email me too at Monique@greatdaypm.com

Exclusive Buyer List:

We only sell a couple of houses a month. This is step 1 to join our waiting list.

**Disclaimer:**
I'm not a lawyer, and the information shared in this video is for informational purposes only. It is not intended to be legal advice. Please consult a qualified attorney for any legal concerns or questions you may have.

0:00 Intro
0:58 Review the Lease
1:14 Market Analysis
1:43 Tenant Communication
2:24 Negotiate Terms
2:48 Drafting a New Lease
2:59 Lease Signing
3: 39 Update Records
3:48 Inspecting the Property
4:34 Fee Structures for Lease Renewals: Flat Fee, % of Rent, of Free


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Section 8 Secrets Revealed:


Detroit Investor Information:


Properties:
East Side of Detroit:
West Side of Detroit:

Detroit Renovation Project Start to Finish:



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About our company:
Great Day Realty buys houses in Detroit, renovates them to high standards that will pass city and Section 8 inspections, places deserving tenants, and then flips the houses to investors from all over the country and all over the world. We then guide you to manage the house yourself or we can refer you to our team member for property management.

To Tenants:
Please check my website for rental qualifications, available properties, and a rental application: www.GreatDayPropertyManagement.com/rent

Website:
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Instagram: Instagram.com/Monique_burnss

Great Day Realty, LLC
14685 E. 11 Mile Road, Suite A
Warren, MI 48088
(248) 390-3982 Monique's cell
Monique@GreatDayPM.com

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