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.
Budgeting for Routine Property Maintenance & Emergency Repairs | Grand Rapids Property Management
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.
How Do You Advertise Your Rental Property to Find Quality Tenants in Grand Rapids
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...
Landlords & Tenants – Who’s Responsible for What in a Rental Property? | Grand Rapids Landlord Education
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...
Fires & Other Emergencies at Your Rental Property: What Should a Landlord Do First?
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...
How Can You Help Your Tenants Pay Rent on Time? | Grand Rapids Property Management Tips
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...
Fair Housing and Landlord-Tenant Laws Grand Rapids Property Managers Should Know
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...
How Much Rent Can You Get for Your Grand Rapids Investment Property?
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...
Is It Time To Fire Your Grand Rapids Property Manager?
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...
Why is Managing My Own Rental Property Not Recommended? | Grand Rapids Landlord Education
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...