Key Realty Property Management

🚨 FOR RENT — TEMPERANCE, MI! 🚨
🏡 1082 Washington St, Temperance, MI 48182
💲 $2,250/month | 4 Bed | 1.5 Bath | 1,490 Sq Ft
📞 Call today for a private showing! (734.384.3370)

✨ Features You'll Love:
😍 Beautifully Renovated Brick Tudor
😍 4 Spacious Bedrooms
😍 1.5 Updated Bathrooms
😍 Luxury Vinyl Plank Flooring
😍 Bright, Open Layout
😍 Modern Kitchen w/ Stainless Steel Appliances
😍 White Shaker Cabinets & Sleek Countertops
😍 Gorgeous Tiled Shower w/ Built-in Niche

🚫 Pet Policy:
Cats: Not Allowed
Dogs: Not Allowed

📅 Available Now!
💲 Rent: $2,250
💲 Security Deposit: $2,250

Step inside this charming and fully updated home! Perfect blend of classic character and modern updates. Spacious layout with plenty of natural light. The kitchen and bathrooms are fully remodeled with stylish finishes. Move-in ready — schedule your tour today!

https://bndenterprises.appfolio.com/listings/detail/a7af62bd-e915-4686-b8e8-ee7fefeb239d

Greetings,

I wanted to take a moment to discuss the highlights of 2023. This year, we made the strategic decision to align with Key Realty, not only to expand our business but also to provide Key agents with a platform to assist their investor clients. Our move to Toledo and partnership with Key Realty has proven to be a tremendous success.

At the end of the previous year, we had 59 investors with a monthly rent roll of $257,000. However, by the end of 2023, we saw significant growth, with 106 investors and a rent roll of $421,000. For those who invested in our Toledo strategy, it has been a promising start. I have always advised investors that it takes 24-30 months to stabilize a portfolio, and this has held true. Some of the properties we acquired faced tenant issues or required costly renovations. Nevertheless, the properties acquired in 2021 have started to yield positive returns, providing investors with a satisfying outcome.

For those with properties in Michigan, the situation has been favorable. Although taxes and utilities have consumed some of the gains from previous years, rental income continues to increase, and occupancy rates remain nearly 100 percent.

We have observed a change in the programs designed to assist tenants who are behind on their rent. These programs have been unable to provide the same level of support as they did over the past three years. As a result, many tenants have been caught off guard and are struggling to catch up. In response, our approach is to give tenants an opportunity to catch up if they demonstrate effort, while also employing appropriate legal measures to ensure prompt payment.

Looking ahead to 2024, we anticipate further growth in the Toledo Market. Our goal is to maintain high occupancy levels while carefully pacing our expansion. There are numerous attractive investment opportunities available, and we advise new investors to consult with us before making any decisions. We have noticed that some recent purchases have been made above market value, with rental income insufficient to cover expenses.

Over the past six months, our team has grown significantly. We have achieved a good balance of staff members and additional contractors to efficiently integrate new properties into our portfolio while maintaining our existing base. Our newest team members have seamlessly embraced our company culture and are already making valuable contributions.

As many of you may already know, we have recently ventured into the landscape and grass cutting business, in addition to offering insurance assistance through our agents.

If you have any questions, please do not hesitate to reach out to me or a member of our team. Wishing you a joyful and prosperous 2024.

Best regards,
Doug

Key Realty Property Management Property management company servicing Monroe, MI and its surrounding areas.