Don’t rely only on rental income. While your cash flow is one important way to make money with real estate, there are other ways to increase the value of your portfolio and the stability of your wealth.
Timelines can be tricky, especially in a market as competitive as the one we’re currently navigating. Here’s what you need to know when you’re conducting a 1031 exchange in Grand Rapids.
If you’re a homeowner moving out of the Grand Rapids area, you will have to decide what to do with your home. In this market, selling can seem like the obvious solution. Inventory is far lower than demand and the market is competitive. However, there may be some good reasons not to sell your home right now.
The real estate market has proven itself to be incredibly resilient over the last year or two, and it demonstrates over and over again why investing in rental property is such a good idea. Smart investors know that when you buy and hold real estate, you have remarkable opportunities to earn consistent cash flow and build a steady and impressive strategy for long-term ROI.
Anyone who owns rental property wants to earn as much rental income as possible. It’s part of any good investment strategy.
Management fees should be competitive and they should also provide a lot of value. The cost of property management depends on the home you need managed, the services you require, and the company you choose to work with.
To evict a tenant from your rental property in Michigan, you must follow the state laws that dictate how this is done. The process begins with an eviction notice, and that’s what we’re going to focus on today.
Finding a well-qualified tenant for your Grand Rapids rental property requires more than a credit check. You need to take the time to match the information provided on the application with the information you uncover during a thorough background check.
Most real estate investors know they’ll have a better and more profitable experience renting out their property with the help of an experienced Grand Rapids property management company.
Your Grand Rapids rental property may be in excellent condition. Maybe it’s even brand new. You can still expect that repairs and maintenance will be necessary, however. These variable expenses can be difficult to budget for. You may go several months without having to pay for any kind of maintenance, and then another month will arrive and you’ll find yourself responding to a handful of maintenance calls for a single property.