Raising Rents in Michigan

[Tyler Mietz]

I am looking for my first deal.  I have found a property I really like, but rents are significantly below market.  I have heard that once the lease is up I can only raise rents 10%, but I cannot find this anywhere.  Does anyone know if that is true?  And if so where could I find that law?

[Account Closed]

Michigan not only does not have rent control, but Michigan law does not even allow it at either the state or local level.

Don't know what area you are looking in, but in the Detroit metro area, expect them to leave if you bump them 10%. Too many cheap rent areas for tenants to flee to.

People from out of state keep writing about this being cashflow central. Price to rent ratios, in decent areas anyway, suck, and the property taxes are highway robbery.