Property Management Blog

Rent Collection: Creative Ways to Incentivize On-Time Rent Payments

In 2022, approximately 15% of American households, equaling six million people, struggled with overdue rent payments. This situation threatens your rental income and underscores the importance of effective rent collection strategies.To minimize late payments, take proactive steps...

Is Outsourcing Your Tenant Screening Process in Grand Rapids, MI a Good Idea?

The average tenant in Grand Rapids, MI, uses 50% of their paycheck to pay rent. This can be a significant burden, putting them at greater risk of falling behind on rent. Thorough tenant screening helps determine if an applicant is the best fit for your rental property.However, th...

How To Get Tenants To Renew Leases in Grand Rapids, MI

How To Get Tenants To Renew Leases in Grand Rapids, MIImagine reaching full occupancy next year. You won't have to worry about marketing, tenant screening, or costly vacancies. The rental vacancy rate in the US has already increased to 6%.Instead, you can sit back and experie...

What to Know About Commercial Property Inspections in Grand Rapids, MI

Commercial real estate took a big hit in 2020, but the market and prices have recovered.As an investor, this is good news for you. You can begin your search for the perfect commercial property to add to your investor portfolio.Grand Rapids, MI, is a thriving business community wi...

Navigating Commercial Lease Negotiations in Grand Rapids, MI

Vacant commercial properties quickly generate a mountain of expenses. You don't want to pay property taxes, utilities, and fees on unfilled storefronts, offices, or warehouses.If you frequently deal with vacancies, it's time to rethink your approach to lease negotiations....

Avoiding Common Mistakes in Rental Property Accounting: Expert Advice

Did you know that the IRS treats rental income as regular income when it comes to taxes? When you file taxes, you'll need to add rental income to other income sources, if you have any.One of the many tax benefits of owning rental properties is the ability to deduct qualified ...

5 Benefits of Conducting a Rental Analysis for Your Investment Property in Grand Rapids, MI

About 70 percent of all rental properties are owned by individuals. This reflects the reality that rental investing is a lucrative endeavor if you manage it properly. This involves some level of expertise and ongoing monitoring of market trends.Having more information always help...

Important Things HOA Management Companies Can Do for Your Community

Are you tired of dealing with the overwhelming stress of running your Grand Rapids community? Did you wish that there was a way to offload some of those important tasks to someone with years of expertise and knowledge?HOA management companies are the only way to go to tackle thes...

Property Management: Is In-House or Third-Party Better?

Have you recently bought your first rental property in Grand Rapids, MI? Being a landlord isn't for everyone. You'll need to screen potential tenants, respond to maintenance issues, schedule regular property inspections, collect rent, and send out eviction notices to peop...

Eviction Protection Plans for Your Rental Properties in Grand Rapids, MI

Rental properties are a booming business. More than 40 percent of the population of Grand Rapids rents a home or apartment. This puts the area on par with the rest of the country.All renters in the United States have rights, and landlords need to be aware of these. Property owner...