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.
Advertising your Grand Rapids rental property is an important part of the leasing process. It accomplishes a few things. First, it motivates you to keep the property in excellent condition. Second, it reduces your vacancy time by finding a tenant quickly. Finally, it...
When it comes to dividing up the responsibilities between landlords and tenants, they can seem pretty simple. Landlords are required to provide a safe and habitable rental property. They need to make sure their tenants have access to water, electricity, and heat. They...
It’s difficult to think about emergencies and worst-case scenarios. No one wants to think about their investment property burning down or flooding or falling victim to some other catastrophe. But, things happen. Just last year, we had to deal with a situation where...
Just as tenants expect you to provide a safe and habitable rental home, it’s perfectly reasonable for you to expect your tenants to pay rent on time. This is one of their main responsibilities, and it should be reinforced in your lease agreement and your penalties for...
Legal mistakes are expensive for rental property owners, and a complex process is usually required to dis-entangle yourself from a lawsuit or a complaint. Protect yourself and your Grand Rapids investment property by understanding the laws, rules, and regulations that...
Pricing your Grand Rapids rental property is a balance between earning as much as you can every month and remaining competitive in a crowded market. Your goal needs to be keeping vacancy rates low and attracting high-quality tenants. You don’t want to under-value your...
Firing a property management company can seem scary. These are the professionals who have access to your property and your financials. Change can feel impossible. But if you’re not receiving the services and the value that you expect from your management company, you...
Renting out a property seems like it should be pretty easy. You list it online, find a great tenant, and collect the rent every month. It’s usually not so simple. When you manage your own rental property, you have to deal with tenants and all their excuses for unpaid...
One of the best reasons to work with a Grand Rapids property management company is maintenance. Every rental property will need routine repairs from time to time, and even emergencies will occur once in a while that require an immediate and urgent response. We help...