MLIVE/Grand Rapids Press FULL ARTICLE:

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.

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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…

 

 

 


130 Melbourne St NE, Grand Rapids, MI 49505
Rental ImageCall 616-422-5276
or
visit our website
2 Bed – 1 Bath $875.00
Cute 2 bedroom 1bath just a short walk down some steps and across the street to Riverside Park! Freshly painted and includes dishwasher, washer and dryer, water/sewer, trash service, lawn care and snow removal.

Lease Terms
$875.00 security deposit
Month to Month rental agreement $875 tenant to pay gas and electric only
$125 nonrefundable cleaning fee
Pets accepted on a case by case basis minimum $25 pet rent and $100 nonrefundable pet cleaning fee.
Possible discounts for lawn care and snow removal.


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244 Matilda St NE, Grand Rapis, MI 49503
Rental Image

Call 616-422-5276
or
visit our website

1 Bed – 1 Bath
Size: 785
$675.00
Stand alone 1 bedroom house available! 785 sq ft of private home with full basement! Newly renovated kitchen with dishwasher, new counter tops and cabinets. House boasts all new flooring and all new paint!

Rent includes water/sewer, trash service, lawn care and snow removal. Tenant to pay gas and electric.


Rental Features
 

  • Microwave
  • Refrigerator
  • Dishwasher
  • Fenced yard
  • Laundry room / hookups
  • Oven / range
  • Heat – gas

 


Lease Terms
$675.00 security deposit
$675 year lease. $700 6month lease. $725 month to month rental agreement.
Damage Deposit equal to 1 month’s rent.
$150 nonrefundable cleaning fee
$25-$50 pet rent depending on pet
$100 nonrefundable pet fee


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2375 Arden St SW, Wyoming, MI 49519
Rental Image

Call 616-422-5276
or
visit our website

3 Bed – 2 Bath
Size: 1600
$1,200.00
Gorgeous freshly painted, fully renovated 3 Bedroom, 2 Bath home. New flooring and kitchen counter tops with newer kitchen appliances including a dishwasher. Home includes central air, laundry hookup, patio in back and a 1stall garage. The house boasts 1600 square feet of wonderful living space. The 3rd bedroom area and 2nd bath are in the finished basement area.

Rental Features

  • Cable ready
  • Air conditioning
  • Refrigerator
  • Dishwasher
  • Balcony, deck, patio
  • Garage parking
  • Laundry room / hookups
  • Oven / range
  • Heat – gas


Lease Terms
$1,200.00 security deposit
1 year lease $1,200 per month includes trash service, lawn care, snow removal, water and sewer. Tenant pays gas and electric.
Deposit $1,200, Nonrefundable Cleaning fee $200 and nonrefundable pet cleaning fee $200
Pets considered on a purely case by case basis. Minimum pet rent starting at $25 per month.

*Possible discounts available if tenant assumes lawn care or snow removal responsibility.


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426 Quimby St NE – 1, Grand Rapids, MI 49505
Rental ImageCall 616-422-5276
or
visit our website
2 Bed – 1 Bath
Size: 1000
$1,050.00
1000 square foot spacious 2 bedroom with all new hardwood floors and newly updated kitchen and bath. Home features a fenced in back yard and a full basement as well as a 2 stall garage. Rent includes all utilities including heat and electric.

Rental Features
  • Microwave
  • Hardwood floors
  • Refrigerator
  • Dishwasher
  • Garage parking
  • Fenced yard
  • Laundry room / hookups
  • Oven / range
  • Heat – gas

 


Lease Terms
$1,050.00 security deposit
1 year $1,050 per moth includes all utilities (lawn care, snow removal and trash are also included in rent)
Security Deposit $1,050
Nonrefundable cleaning fee $200
Credit and Background Check $12 per adult living in household


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Be wary when a rental listing looks too good to be true, it probably is. A scam has been actively circulating in which legitimate “for lease” or “for sale” listings are hijacked, then re-listed with fraudulent contact information and a very low asking price.

Here’s an example of a currently hijacked listing.  It was listed yesterday (12/18/13) for $750/month, which is considerably below market rate. LifeCycle contacted the actual listing agent and confirmed the listing has been used without permission.  In these cases, perpetrators take advantage of the urgency of prospective lessees. Someone meets you at the home, makes up a story about why they can’t let you in (keybox isnt working), collects a security deposit, then the consumer never sees them again.

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In this case, all of the photos used have a “SWMRIC” stamp, which means they were taken from a listing posted on the web site of the local Real Estate association. A legitimate rental listing would commonly use original photos and wouldn’t have this stamp (although circumstances do exist in which this could automatically happen for a legitimate listing).

This is a common scam that has been going on for a long time, and it is hard for authorities to stop. If you have any questions about a listing that is too good to be true, contact a professional real estate agent or property manager for verification. Ask for identification from the lessor, and verify the info provided is correct.

When this kind of scam is discovered, complaints should be filed with Michigan’s Attorney General.