Where Real Estate Investors & Landlords Go for Success

    Grand Rapids Passes New Affordable Housing Ordinance Package

    April 23rd, 2019

    Grand Rapids Passes New Affordable Housing Ordinance Package The City of Grand Rapids passed a package of zoning ordinance changes to assist with the development of more affordable housing in the city.  The new ordinances are aimed at implementing, in part, the Housing Now recommendations from May 1, 2017. The three changes as passed include: […]

    City Proposes Changes to Fair Housing Regs in Grand Rapids: Public Hearing April 23 at 7:00 p.m.

    April 23rd, 2019

    City Proposes Changes to Fair Housing Regs in Grand Rapids Public Hearing April 23 at 7:00 p.m. at the City Commission Chambers As part of a new Human Rights ordinance, the City of Grand Rapids will tweak its existing ordinances regarding fair housing. The ordinance would require rental property owners to use caution when screening […]

    Suggestions Regarding Criminals & Tenant Screening

    April 23rd, 2019

    Suggestions Regarding Criminals & Tenant Screening On April 18, 2019, HUD issued guidelines dictating to landlords that they must not use a blanket “no criminals” screening criteria. Since then, the RPOA has been discussing the new policy with the Fair Housing Center of West Michigan and our attorneys. We’ve also received various suggestions from other […]

    Home Sale Prices Jump in Opportunity Zones

    April 16th, 2019

    Home Sale Prices Jump in Opportunity Zones According to new research from Zillow, real estate investors appear to be flocking to Opportunity Zones.  Their data show that areas designated as Opportunity Zones saw a surge in sale prices since that designation was made, which they say is an early sign that investors are eager for the […]

    Delinquency and Foreclosure Rates Lowest in 20 Years

    April 16th, 2019

    Delinquency and Foreclosure Rates Lowest in 20 Years According to the latest CoreLogic Loan Performance Insights Report, as of January 4% of home mortgages were in some stage of delinquency – the lowest level in 20 years.   This rate includes all home loans 30 days or more past due and includes those in foreclosure.   In addition, […]

    4% Mortgages Are Back

    April 9th, 2019

    4% Mortgages Are Back So, just when mortgage rates started to climb back towards 5% they’ve now retreated down into the low fours.  A recent Wall Street Journal article (reposted on Realtor.com) says the four percent mortgage is back after experiencing its biggest drop in over a decade.  They report that mortgage rates have been […]

    Zumper’s National Rent Report for April

    April 9th, 2019

    Zumper’s National Rent Report for April Rental information site Zumper recently released their National Rent Report for April showing that the median national rent for 1-bedroom apartment was $1,214 and the median two-bedroom rent was $1,445.  Year to date, one bedroom prices are down 0.5% and two bedroom prices are up 0.6%.  Zumper analyzes rental data from over […]

    Are You in Line to Face a Hefty Fine?

    April 2nd, 2019

    Are You in Line to Face a Hefty Fine? If you are personally working on a rental property or any property that you do not live in that was built before 1978, you likely need certification under the EPA’s Renovate, Repair & Painting Rule (RRP) to do the work. All contractors and landlords doing work […]

    Single-Family Rental Returns Up 8.8%

    April 2nd, 2019

    Single-Family Rental Returns Up 8.8% According to ATTOM Data’s Q1 2019 Single Family Rental Market report, the average annual gross rental yield (annualized gross rent income divided by median purchase price of single-family homes) among the 432 U.S. counties was 8.8% in Q1 of 2019, up from an average of 8.7% in 2018.  Using data […]

    Congrats to Newly Elected RPOA Board Members!

    March 26th, 2019

    Congrats to Newly Elected RPOA Board Members! The results are in for the 2019 board election.  We welcome the following investors and associate members to the board starting April 2019: Steve DeKoster (2nd Term) Brian Hamrick (2nd Term) Justin Wheeler (Associate) (1st Term) Kevin Wright (1st Term) Nick Wyma (1st Term)   More News