All Forum Posts by: Emily B.

@Ellen Morrison Emil Izrailov at Lake Michigan CU does a lot of work with investors. Apparently I can't post a phone number here (not helpful, BP) so feel free to pm me if you want his contact info.

@Jeremy Chandanais where is the house located? 

@Patrick G Ndouniama for this area, you should expect about a 10% cap rate, if not more (though it's getting harder to find these deals).

@Matthew Tanis send the notice to quit right away. Hopefully that is enough to get them to pay and, if they don't, it helps you get started on the eviction process as soon as possible (if necessary). I agree with what others here said, you want to send the message that this is a business and there are certain expectations and consequences if not followed. Good luck!

https://www.michigan.gov/lara - you can look up licenses through them

@Daniel Liska in MI, a property management company must be licensed, so you could reach out to the department of licensing and regulatory affairs to file a formal complaint. Here's the site for more information - https://www.michigan.gov/lara

@Jay Hinrichs was this a tenant or the previous owner of the property? I work with the local RPOA and would like to share your story if you don't mind. I also have property in Delhi township. Feel free to PM me if that's better. Like @Mindy Jensen I'd be interested in links to previous posts if you have them.

@Kim Cooper I'm not aware of a maximum for this, but like others, charge what you need for the service and only that. Grand Rapids is currently cracking down on application fees - https://www.mlive.com/news/grand-rapids/index.ssf/2018/07/rental_application_fee_ordinan.html

Talk to Emil Izrailov at Lake Michigan Credit Union (in Farmington Hills)

@Ryan Taylor of course! It's the Rental Property Owners Association of Mid-Michigan (RPOAMM). I'm on the board of directors so feel free to reach out with any questions.