For landlords, Grand Rapids is the nation’s best market for doing business, according to a survey by All Property Management , a Seattle-based online network of property management services. It’s the second year in a row where Grand Rapids has scored the highest among 75 metropolitan areas surveyed by APM.
“Grand Rapids remained the top score in the country due to its strong jobs growth, strong rental prices and continued escalation in home prices,” according to the survey, which ranked the markets by six factors.
The top ranking was no surprise to Russ VandenToorn, owner of United Properties. His Grand Rapids firm manages some 350 rental properties for properties owners from nine different countries.
VandenToorn said the growth of the health care industry on the “Medical Mile” and the area’s growing college student population is driving the popularity of the market. “If it wasn’t for the Medical Mile, our industry would not be what it is in Grand Rapids today,” he said…