Property originally listed for sale on the marketplace by Erick Monzo with Keller Williams Great Lakes.
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Single Family Home located in Warren, Michigan.
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Details
- Fully renovated in January, 2023. View all renovations here.
- Spacious living room with large picture window, allowing ample natural lighting
- The whole house is freshly painted and has new laminate flooring
- Updated bathroom and kitchen with granite countertops
- Washer/dryer included
- The leaks and roof repairs mentioned in the Inspection Report will be repaired prior to closing with attached invoices/proof of work. See the Inspection Report Repairs document for more details.
- Structural issues mentioned in the Inspection Report have been repaired. View the receipt for completed work by clicking here.
Property Management and Insurance
Occupancy Status
- 1 year lease (08/18/2023 - 08/17/2024)
- $1,050/month
- $1,575 Security Deposit
- Before moving in, the tenant is required to pay a prorated rent of $474.19.
- The tenant will be responsible for all utilities.
- The tenant placement fee is $575 and will deducted from August's rent.
- Lease Agreement
Location Data
- 1.5/5 Neighborhood Rating on Roofstock
- "C+" Rating for Zip Code on Niche
Due Diligence Documents
Property Updates
Property Update (08/20/2023):
- The PM confirmed the tenant paid the prorated rent of $474.19 and has moved in on 8/18 as planned.
- Lease Agreement
Property Update (08/16/2023):
- A new tenant has been approved and will move-in on Friday, 8/18.
- The tenant signed a 1 year lease at $1,050.
- The lease term is 08/18/2023 - 08/17/2024.
- The tenant paid a security deposit of $1,575.
- Before moving in, the tenant is required to pay a prorated rent of $474.19.
- The tenant will be responsible for all utilities.
- The tenant placement fee is $575 and will deducted from August's rent.
- The lease agreement is currently being redacted and will be uploaded to the property's Dropbox folder once the redaction is complete.
Property Update (08/05/2023):
- The listing had 33 leads in the last 7 days.
- There are currently 3 applications; two of the applications are private pay and one is Section 8.
- The PM is still currently waiting for the compliance inspection to be scheduled for the Section 8 tenant.
- Property Listing
Property Update (07/29/2023):
- The listing had 24 leads and 3 applications in the last 7 days.
- Two of the applications are private-pay and one is Section 8.
- The two private-pay applications still need to submit their verification documents.
- The PM has processed the Section 8 application and are waiting for the compliance inspection to be scheduled.
- Property Listing
Property Update (07/15/2023):
- The property was listed for rent at $1,050.
- The PM advised the listing has been receiving good traction.
- A notice was received regarding the grass, and the PM is working to schedule the landscaper right away.
- Property Listing
Property Update (07/12/2023):
- The PM has received verbal approval for the rental registration application.
- The PM is in the process of marketing the property and will provide a target rent shortly.
Property Update (07/08/2023):
- The PM confirmed receipt of the property deed and they have started the rental registration for the property.
- Once the rental registration is complete, the property will be listed for rent.
- The two-month rent credit has now expired. Owners will begin receiving daily rent again once the property is leased to a tenant.
