What determines property value?

Answer Property value is determined by several characteristics including the condition and location of the property. Several economic factors can also help determine the value of property. A home situated... Read More »

Top Q&A For: What determines property value

Who determines the rate of inflation for Michigan property taxable value?

The Tax Analysis Division of the Michigan Department of the Treasury determines the rate of inflation. The data used are obtained from the Bureau of Labor Statistics and are based on U.S. consumer... Read More »

Is a property owner liable to others if there is fire on the owned property and the automatic sprinklers activate and cause water damage to the property of others?

It depends on how the lease is written. You may be liable if the damage was done as a result of actions caused by the landlord, and as such the landlord is responsible for the sprinkler system. How... Read More »

If a property management company doesn't have a renter for a property who is responsible for the mortgage payment The property management company or the landlord?

That is correct. The landlord is responsible for the mortgage payment as the investment property is ultimately his (name on the deed). And I also agree with the advice given below. A competent and ... Read More »

Is your property management co allowed to make semi annual inspections of your rental property?

Yes, if it says so on the lease. Normally these inspections are in the form of "preventive maintenance," meaning they're inspecting the plumbing, air conditioning, and for pests. They have the righ... Read More »