Grand Rapids Property Management Blog

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...

How Section 8 Decides if Your Rent Is Reasonable

Across the US, approximately 2.3 million renters are taking advantage of HUD Section 8 subsidies for rent. This makes up about 5% of all renters in the US.Thousands more wait years to get an approved voucher so they can look for a Section 8 rental. Many more seek a Section 8 rent...

Average Airbnb Occupancy Rates

Airbnb is one of the most popular platforms in the world when it comes to booking vacation lodging. As of 2022, more than 150 million people across the world use it.This has inspired people to put their own vacation rentals on the platform and hopes that guests want to book as ma...

Can You Sell a Rental Property With Tenants in Place?

Owning rental property can be a great way to increase your monthly income. However, it's not as easy as everyone makes it sound. It's hard work and being a landlord isn't for everyone.No matter what your reasoning is, if you're ready to sell a rental property, the...

3 Steps For Managing Security Deposit Refunds

Having tenants in our rental properties can be great things when we go through the proper suggested tips to find the perfect fit, but just like in anything, there can be ups and downs. Sometimes we find ourselves in situations that are not ideal and we have to start askin...

Breaking the Lease

Most tenants sign a lease for a year at a time. This ensures that for that year, a steady income can be counted on and decisions for either finding new tenants or continuing a lease can be thought out and planned on. This helps landlords rest easy in tenant stability for ...