All Forum Posts by: Logan Laperriere

Hi Nathan, 

Welcome to the BP Forum!

I see that you are from Greenville, West Michigan has several great markets for investors. What type of properties are you interested in?

 Hi Marcelo, 

Michigan is a great state to live in. What area did you live in?

I am originally from Metro Detroit, I went to college in Kalamazoo, and I now live in Grand Rapids with my family. We still own some properties in Metro Detroit but have been focusing on West Michigan the past few years. 

Hi Tricia,

You are correct Lakeside Township and the surrounding areas are a very popular vacation destination for Chicago natives. 51 acres with R-2 Zoning would be a great development opportunity. Dividing it up into 17 acre lots would be an option as well. I am a real estate agent and investor in West Michigan. I would be happy to take a look at your property and discuss comps and potential strategies. 

Hi Jacob,

Welcome to the Forum!

Where is your STR located? Is it in an area with strong restrictions? If so, that can be a benefit for investors since this property already qualifies. I would definitely mention in your property description that the property comes turn key, and offer to show the properties rental history/income. I would also market the property on local Facebook groups, you may find that there is a specific group for STR owners in the area.

Welcome to the BP Community. A great place to find local networking groups is in the Events and Meet ups section of the forum. If you are looking to connect with a local investor friendly real estate agent click on the Find an Agent tab at the top of the page. It will connect you with a few agents in your local area. 

BP also has a great rental property tool that will help you to analyse potential properties. 

Good Luck with your search!

Hopefully they are just proud of how it turned out. I agree it is an odd request. 

It is a bit odd, but as others have said it could truly be for security purposes. I have found that at several of the STR properties where I have stayed have cameras monitoring the outdoor areas (ring cams, nest, security cameras). I recommend planting a tree or placing a privacy screen to block the view of your pool.

It is definitely worth it to have semi annual/annual inspections of rental properties. There are multiple benefits. Finding maintenance issues prior to them becoming a larger problem (water leaks, pipes, roof etc.). You are also able to make sure that your tenants are taking care of your property and check for additional occupants, pets etc. Rental inspections help to keep your properties running smoothly and ensure that they are being well maintained. 

Grand Rapids is a great market. As others have said, be patient. Finding cash flowing single families is difficult given the interest rates and competition with owner occupants. But that is only one way of making money on rental properties, you still have appreciation, depreciation, mortgage paydown, etc. 

 I am glad that you were able to find a couple of fixer uppers that is a great strategy. A lot of home buyers are turned off by properties in need of renovations. The city has been working on implementing lead swab testing for rental properties, that is something to consider when purchasing properties built prior to 1978.