A Michigan Broker License
Managing rentals for other people is real estate broker activity under Michigan law. Ask for the license and look it up.
The company you hire will choose your tenants, hold your rent, approve repairs on your behalf and speak for you with the city. A good one protects the property and your time. A poor one costs you both. Most owners only find out which they hired after something goes wrong.
These are the things worth checking before you sign with anyone, including us.
Take this list into the first conversation. A manager who does the work well will have a clear answer to every one.
Three or four conversations are usually enough. This is an order that works.
Michigan regulates property management through its real estate licensing law. These points come from the statute.
Zamzam Property Management is a licensed Michigan real estate brokerage that manages single-family homes and multi-family units across Southeast Michigan. We screen every applicant against written standards, hold client funds in trust accounts and post monthly statements to your owner portal.
See how we handle tenant screening, maintenance and accounting, or read our owner FAQ. Already with another company? See how switching property managers works.
Yes, in most cases. Michigan’s licensing law defines property management as leasing or renting other people’s real property for compensation under a property management employment contract, and treats it as real estate broker activity.
Use the State of Michigan’s online license search and look up both the company and the individual broker.
The services included, how and when you are paid, how repairs are approved, what each side is responsible for and how either side can end the agreement.
Under Michigan law a broker must keep property management accounts separate from all other accounts and keep records of deposits and withdrawals.
Three or four is usually enough to see the differences. Ask each one the same questions so the answers can be compared.
Be careful with any promise about rent or how quickly a home will lease. Both depend on the home, its condition and the market at the time.
Compare what each company does for its fee, not only the fee. A vacancy that runs a month longer or a poorly screened tenant costs far more than the difference.
Many of our owners have one home. The work of screening, maintenance, rent collection and city compliance is the same whether you own one rental or twenty.
Request a free rental analysis. It is a good first test of any property manager, including us. Prefer to talk? Call 248-592-7688.
Sources: Michigan Compiled Laws 339.2501, definitions (property management, real estate broker); 339.2512c, property management accounts and records. Rules change. This page is general information, not legal advice.