A publication of the Rental Property Owners Association (RPOA)—Michigan’s largest real estate investor association (REIA).
VOLUME 60, ISSUE 4
The Rental Property Owners Association (RPOA) is Michigan’s largest real estate investor association and one of the largest in the nation. Since 1968, we've been supporting ethical real estate investment and rental property management, helping over 1,700 members succeed. We advocate for industry concerns both locally in Greater Grand Rapids and across Michigan, offering valuable services, benefits, training, and networking to enhance our members' skills and profitability.
MICHIGAN LANDLORD MAGAZINE's goal is to provide a forum for real estate investment and rental property ownership and management ideas and news. Our articles, columns, and other features should not be construed as investment advice, nor does their appearance imply an endorsement by the Rental Property Owners Association of Kent County of any specific real estate investment or management strategy. An investor’s and manager’s best course of action must be based on individual circumstances.
BOARD OF DIRECTORS
Nicholas Wyma, President
Jeremy Garcia, Vice President
Kevin Wright, Past President
Gary Hall, Treasurer
Kim Post, Secretary
Steve Ammon
Eddy Beekman
Joel Emerson
Matthew Hayes
Bert Heyboer
Rob Minch
Sharon Olson
Jon Smith
Tim VandenToorn
Steve Whitteberry
RPOA STAFF
Erika Farley, Executive Director erikaf@rpoaonline.org
Heather VandenBos heatherv@rpoaonline.org
Kristina Kyle kristinak@rpoaonline.org
Kristina Kyle kristinak@rpoaonline.org
Kristina Kyle kristinak@rpoaonline.org
Capitol Connection
Stay ahead of the curve with the latest updates from RPOA Executive Director Erika Farley on housing legislation and policy developments impacting rental property owners.
Michigan once again has proven that it is certainly a purple and swing state!
On November 6th, Michigan voted for President Trump, Democrat Elissa Slotkin for US Senate, a Republican majority in the Michigan House of Representatives and a Democrat majority on the Michigan Supreme Court.
Going into 2025, Michigan will have a split government for the next two years. The offices of governor, attorney general, secretary of state and the Michigan Senate will be up for election in 2026 midterm elections.
However, before we can look forward into the new legislative session, we will
be working hard in these last weeks of the year during ‘lame duck’. Lame duck is a period of time between the general election and the new legislature being sworn in where there is a flurry of action moving bills. Traditionally, this is a time when the Legislature works overtime completing the policy priorities of outgoing members.
This year’s lame duck has the potential to be even more active with the Democrats losing majority in January.
There are only a few weeks left for them to advance their policy priorities which include changes to the rental property industry which include the following:
• SB 801: automatic eviction expungements
• SB 601: lease transparency of amenities covered by the property owner and resident
• HB 4532: expanding lead inspections in rental properties
• HB 4878: removing the ability of property owners to use criminal background checks as a criteria for residents with exceptions for a three violent felonies
As we have over the last two years, we will continue to work hard to fight these pieces of legislation until the last vote is taken in 2024.
With the General Election behind us, we are looking at a new landscape going into the new year regarding housing policy and politics but that does not mean we can take our foot off the gas. Housing will continue to be a major policy issue going forward both on the state and local levels.
With a slim GOP majority in the Michigan House, 58-52, and the other two legs of the government stool still being controlled by Democrats it will be imperative that we continue to work with legislative leadership and our housing coalition partners to make sure our voice is heard loud and clear.
Erika Farley, RPOA Executive Director
WHAT’S IN STORE FOR REAL ESTATE?
Housing Market Predictions for 2025
The housing market in 2025 is poised to show a blend of opportunities and challenges for buyers, sellers, and investors alike. Drawing insights from top sources including REALTOR Magazine, Bankrate, Redfin and Realtor.com, this article examines key trends and forecasts shaping the market next year.
Rising Home Sales
After a sluggish few years, home sales are expected to pick up in 2025. Lawrence Yun, Chief Economist for the National Association of REALTORS®, predicts a 9% increase in existing home sales and an 11% rise in new home sales year-over-year. Improved job numbers, a growing population, and stabilizing mortgage rates are cited as driving factors. Similarly, CoreLogic’s Selma Hepp anticipates a 9% increase in total home sales compared to 2024, driven by pent-up demand and improved housing inventory.
Pent-up demand among buyers and sellers has been cited as a significant driver of this growth. Many individuals who delayed buying or selling due to high mortgage rates are expected to enter the market as conditions improve. According to Bankrate, this will be further aided by continued job growth, with nearly 2 million new jobs projected for 2025.
Moderating Mortgage Rates
Mortgage rates, a critical factor influencing housing affordability, are expected to moderate in 2025. Bankrate forecasts that rates will average 6.8%, with possible dips to the low 6% range by year-end. While rates remain higher than pre-
pandemic levels, they offer relief compared to the peaks seen in 2023 and 2024. Lower rates could unleash pent-up housing demand, allowing more buyers to enter the market.
However, some experts, including Redfin economists, caution that rates may remain volatile. Factors such as inflation, Federal Reserve policies, and government fiscal decisions could create fluctuations. For buyers, this means planning for potential variability while remaining prepared for opportunities as rates dip.
Home Prices: Slow and Steady Growth
Home prices will continue their upward trajectory but at a slower pace. Predictions vary slightly:
• REALTOR Magazine estimates a 2% increase in the median home price to $410,700.
• Realtor.com forecasts a 3.7% rise in home prices.
• Redfin projects a return to pre-pandemic growth rates of around 4%.
This steady appreciation reflects balanced market conditions, with rising inventory levels easing price pressures. However, affordability challenges remain, particularly in high-demand regions with limited new construction. Additionally, climate risks could anchor price growth in vulnerable
areas such as Florida and California, where extreme weather and natural disasters are becoming more frequent.
Inventory Growth and Market Balance
Housing inventory is set to improve, with Realtor.com predicting an 11.7% rise in homes for sale. Newhome construction is also expected to expand by 13.8%. These developments could shift some markets from strong seller’s conditions to a more balanced state. Flexible selling strategies, such as price reductions and buyer incentives, may become more prevalent as sellers compete for attention in areas with growing inventory.
Greg McBride, CFA, Chief Financial Analyst for Bankrate, highlights that much of the inventory increase will stem from new construction rather than existing homes. Homebuilders are optimistic about market conditions, particularly in regions where regulatory easing supports increased housing starts.
Emerging Buyer Profiles
The demographics of homebuyers are evolving. According to REALTOR Magazine, notable trends include:
• Rise of All-Cash Buyers: Over 26% of recent home sales involved cash purchases, driven by equity gains and investor activity.
• Older First-Time Buyers: The median age for first-time buyers has reached an all-time high of 38, reflecting longer saving periods and financial assistance from family.
• Growing Multigenerational Purchases: Multigenerational households now account for 17% of sales, fueled by cost-saving motivations and caregiving needs.
Single women continue to outpace single men in home purchases, reflecting shifting societal trends and economic independence among women. This demographic accounted for 24% of home purchases over the past year, compared to 11% by single men.
Rental Market Trends
The rental market is stabilizing, with Redfin predicting a slight 0.1% drop in national median asking rents. Increased multifamily construction is alleviating supply pressures, particularly in the South. However, rental affordability remains a concern for cost-burdened households spending more than 30% of their income on housing.
Realtor.com notes that rental vacancy rates are nearing pre-pandemic levels, providing renters with more bargaining power. In some regions, landlords are offering concessions such as free rent for a month or waived fees to attract tenants.
Climate and Regional Variations
Natural disasters and climate risks are increasingly influencing housing markets. Highrisk areas like coastal Florida and California may see slower price growth due to insurance
challenges and maintenance costs. Meanwhile, markets in the Northeast and Midwest, such as Manchester, NH, continue to attract strong buyer demand.
Climate-related factors are also expected to influence insurance premiums, which could rise broadly across the country. Redfin’s Chief Economist Daryl Fairweather notes that mismatches between current housing designs and future climate challenges could increase maintenance costs and deter potential buyers in certain regions.
Market Outlook: Buyers vs. Sellers
While the market is expected to lean toward sellers in 2025, improving inventory and stabilizing rates will create more balanced conditions in many areas. Buyers can look forward to fewer bidding wars and more time to make decisions, particularly in markets with rising inventory levels.
Sellers, however, must adopt flexible strategies to remain competitive. Offering incentives such as covering closing costs or including home warranties could make properties stand out in a less frenzied market.
Final Thoughts
The housing market in 2025 will reflect a mix of stabilization and resilience. While affordability challenges persist, moderating mortgage rates, rising inventory, and shifting buyer profiles present opportunities for strategic planning. Whether you’re a buyer, seller, or investor, staying informed and flexible will be key to navigating the year ahead.
For a deeper dive into these predictions, explore the original articles from REALTOR Magazine , Bankrate, Redfin and Realtor.com
WHAT MAKES A PROPER POLICY ?
Building & Contents
Special cause of loss (all risk), replacement cost (new for old).
Liability
$1M Commercial General Liability protection with increased limits available.
Revenue
Actual loss sustained business revenue coverage with no time limit.
CUSTOM COVERAGE FOR YOUR SHORT-TERM RENTAL
Property Entrustment
When you hand your keys to a guest, standard policies exclude coverage for theft, vandalism and intentional damage to your property. Proper does not exclude these items.
Pet & Animal Liability
Guest’s dog bites your neighbor? Alligator at your beach home? Bear in your mountian cabin? Proper has no limitations on type of animal or pet breed.
Bed Bug & Flea Protection
No need to worry about unwanted critters in your home. Proper offers bed bug and flea liability, removal, and loss of business revenue as a result of infestation.
Squatter Protection
If you have a guest wo refuses to leave your property, Proper covers up to $5,000 in eviction costs and up to $10,000 in loss of business revenue.
Amenities Off-Premise
Many policies exclude coverage for bikes, boats, and golf carts or limit coverage to your property line. Proper covers liability for common amenities on or off your property.
Liquor Liability
Wheather you include a beverage gift for your guest or want to enure that alcohol left by guests doesn’t end up in the wrong hands when the next group arrives, we’ve got you covered.
MEMBER SPOTLIGHT JEREMY GARCIA
Since joining the RPOA in 2016, Jeremy Garcia has built a thriving real estate career and gives back through Goodwill’s “Renting with Confidence” program, fostering trust and understanding between tenants and landlords.
Jeremy Garcia, alongside his wife Melanie, embarked on their real estate journey in 2016, seeking a way to escape the relentless grind of 80-hour work weeks. At the time, Jeremy was an operations manager, a demanding role that left little time for family or personal pursuits. “We
knew we had to make changes in our life,” Jeremy explains.
After attending a real estate seminar, the couple was encouraged to connect with their local Real Estate Association. They found their way to the Rental Property Owners Association (RPOA) and began attending the Monday night meetups. “We joined after our second event,” Jeremy recalls. The organization also provided the knowledge they needed to navigate the complexities of real estate investing.
GIVING BACK TO THE COMMUNITY
Jeremy’s dedication to real estate goes hand-in-hand with his commitment to community service. Through his work with
Goodwill Industries of West Michigan, he actively contributes to the “Renting with Confidence” program, an initiative designed to help future tenants become successful renters. Representing housing providers, Jeremy offers tenants a candid perspective on the landlord-tenant relationship.
The program consists of four structured sessions, covering essential topics such as understanding rental agreements, budgeting, avoiding rental scams, reasonable accommodations, credit scores, and the legalities of renting. A local Muskegon judge participates in one session to explain the realities of evictions and their long-term impacts. Jeremy’s role involves speaking directly to tenants, providing insights into why credit checks, background screenings, and other standard processes are necessary.
His involvement in the program was inspired by a retired neighbor who introduced him to Goodwill’s work. Jeremy has also partnered with Goodwill to provide housing for probationers and parolees—a demographic often overlooked due to the challenges posed by their criminal records. Jeremy remarks that
these programs help break down barriers and open doors for those struggling to find stable housing.
CHALLENGES AND REWARDS
Working with the “Renting with Confidence” program has not been without its challenges. Jeremy notes that one of the biggest obstacles is combating the negative perception of landlords in society. “Unfortunately, many renters do not feel their landlord cares about them, only their money,” he says. He finds it rewarding to help people understand that landlords are people too, not giant corporations or monsters.
Jeremy has also received feedback from tenants who have benefited from the program. While it is still early to gauge the long-term impact, he’s noticed that tenants are becoming more confident in their ability to understand and manage their finances.
One memorable moment involved a budgeting exercise where a tenant realized that prioritizing new furniture over
housing security had contributed to their financial struggles.
EVOLVING PRACTICES AND COMMUNITY IMPACT
Jeremy’s work with Goodwill has also influenced his own real estate practices.
“Working with Goodwill Industries has helped me expand who I would accept as a tenant. Some of the tenants I have been working with would have been disqualified immediately for their criminal records,” he shares. This perspective shift has not only broadened his approach but also strengthened his belief in second chances.
Recognizing the power of community engagement, Jeremy emphasizes the value of even the smallest contributions.
"Many of these are small commitments," he explains, often requiring just a couple of hours every few months but have a significant impact nonetheless.
For RPOA members interested in similar initiatives, he advises seeking programs that align with their values to maximize both personal fulfillment and community
benefit.
INSIGHTS AND INSPIRATION
Looking back on his journey, Jeremy credits the RPOA with equipping him with the tools and knowledge needed to succeed as both a real estate investor and a community advocate. Programs like “Renting with Confidence” emphasize the importance of communication, education, and mutual respect in landlord-tenant relationships.
Jeremy’s story is a testament to the power of combining business acumen with a commitment to giving back. His journey serves as an inspiration for fellow RPOA members and a reminder of the profound impact real estate investors can have on their communities.
To find out more or get involved with the “Renting with Confidence” program, visit Goodwill Industries of West Michigan’s website or contact them directly for details on upcoming sessions.
Worry-Free Rentals.
Ensure top-notch tenants every time with RPOA’s tenant screening services.
DAVID GREENE
We’re excited to welcome David Greene—real estate expert, bestselling author, and host of The David Greene Show—as the keynote speaker for the 2025 Midwest Real Estate Investor Conference! With a broad range of experience across singlefamily, multifamily, short-term, and mid-term rentals, David has built a reputation for providing actionable strategies that drive real results. His in-depth knowledge and practical strategies make him one of the most respected voices in real estate today.
DR. PAUL ISELY
Dr. Paul Isely is a leading expert on the West Michigan economy, known for providing insights on economic growth, entrepreneurship, and energy policies. His extensive research and media appearances make him a trusted source for understanding how regional trends connect to the broader economy.
SETH WILLIAMS
Seth Williams is the founder of REtipster.com, a trusted resource for real estate investors. With over a decade of experience, he specializes in land investing, rental properties, and self-storage. Through REtipster, Seth shares practical strategies to help investors minimize risk, maximize profits, and succeed in real estate.
TYLER CAUBLE
Tyler Cauble is the Founding Principal and President of The Cauble Group, a Nashville-based commercial real estate brokerage. A native Nashvillian, Tyler is a developer, investor, and author of Open For Business: The Insider's Guide to Leasing Commercial Real Estate. He shares his expertise through The Commercial Real Estate Investor Podcast and a YouTube channel, helping others succeed in real estate.
JAY CONNER
Jay Conner is a nationally recognized real estate investor, speaker, and author with over 14 years of experience. He developed the "Where To Get The Money Now" system, enabling him to secure private funding and build a seven-figure real estate business. Jay has coached thousands of investors and is the coauthor of The New Masters of Real Estate.
LEE YODER
Lee Yoder, a former physical therapist, is the founder of Threefold Real Estate Investing, focused on syndicating large apartment buildings and creating opportunities for investors. Guided by his faith, he builds partnerships and relationships to drive the business forward. Lee also hosts the Threefold Real Estate Investing podcast, sharing strategies for building wealth through real estate.
DONNA BAUER
Donna Bauer, The Original NoteBuyer®, is a leading expert in discounted notes and seller financing. With over 25 years of experience, she has taught thousands how to profit from notes without cash, credit, or tenant hassles. Her proven strategies and NoteBuyer’s Master Guide continue to help investors achieve financial freedom.
TONY YOUNGS
Tony Youngs is a real estate investor, speaker, and trainer with over 30 years of experience specializing in distressed properties. Creator of The Hidden Market System, he has completed thousands of transactions and trained over 9,000 students to find unlisted deals with no competition.
SCOTT ELLSWORTH
Scott Ellsworth, CPA, specializes in real estate taxation and accounting, with 25 years of experience helping clients nationwide with tax compliance and planning. A Heidelberg University graduate, Scott is also a licensed Realtor® and Dave Ramsey Endorsed Local Provider, bringing expertise in real estate development, finance, and business operations.
Construction Spending Climbs in October 2024
According to the U.S. Census Bureau, construction spending in October 2024 reached a seasonally adjusted annual rate of $2,174.0 billion, a 0.4% increase from September’s revised $2,164.7 billion and 5.0% higher than October 2023. For the first ten months of 2024, spending totaled $1,814.8 billion, up 7.2% from the same period in 2023.
Private construction rose to $1,676.4 billion, with residential construction increasing 1.5% to $934.0 billion. Nonresidential construction saw a slight dip to $742.3 billion, down 0.3% from September.
Public construction spending declined 0.5% to $497.6 billion. Educational construction decreased slightly to $105.3 billion, while highway construction fell 0.7% to $141.1 billion.
These figures highlight growth in private residential projects alongside modest declines in public sector investments. For full details, refer to the U.S. Census Bureau’s report .
Understanding Liability Risks for Real Estate Investors
Liability risks are one of the most critical yet often overlooked aspects of real estate investing. For landlords and investors managing singlefamily rental properties, understanding and mitigating these risks is essential to protecting both assets and financial stability. Tenant-related incidents, property maintenance issues, and even renovation activities can expose investors to significant liability claims if proper precautions aren’t taken.
Common Liability Risks in Real Estate Investing
Real estate investors face a range of liability risks, including:
1. Tenant Injuries: Accidents on the property, such as slips and falls, can result in costly
lawsuits if the property is deemed unsafe.
2. Property Damage Claims: Third-party claims related to damage caused by the property, such as a tree falling onto a neighbor’s home.
3. Contractor Issues During Renovations: Injuries to workers or damage caused during renovations can become the responsibility of the property owner if contractors lack adequate insurance.
4. Fair Housing Complaints: Claims related to alleged discrimination can result in legal action and significant penalties.
The Role of Insurance in Addressing Liability Risks
A comprehensive insurance policy is a vital tool for managing these risks. Combining property coverage with liability protection ensures that investors are safeguarded against both physical damage to their assets and potential legal claims.
Policies tailored to real estate investors often include:
• Coverage for tenant-related liability incidents.
• Protection during renovations for vacant or under-construction properties.
• Options for insuring properties held in LLCs or trusts.
Leveraging Technology for Better Risk Management
Insurance technology is transforming how investors manage liability risks.
Online platforms allow landlords and property managers to:
• Easily update policies as properties are added or removed from portfolios.
• Monitor liability coverage levels in real-time.
• Quickly adjust deductibles and payment options to align with cash flow needs.
Why Tailored Coverage Matters
Unlike standard homeowner or commercial insurance policies, specialized insurance solutions cater to the unique needs of real estate investors. They provide flexibility and comprehensive protection, ensuring that liability risks are adequately addressed without unnecessary complexity or cost.
Millennial Specialty Insurance (MSI) offers NREIA members—including RPOA members—multiple insurance products specifically designed for investors and their tenants. Features include no underwriting or inspections, a 24/7 desktop and smartphone certificate delivery system, outstanding claims management service, and a knowledgeable and courteous staff ready to handle your insurance needs. MSI’s solutions make it easier to protect your investments while streamlining your insurance management. Learn more about how MSI helps real estate investors safeguard their assets and minimize liability exposure.
ANNUAL RENT GROWTH MIRRORS INFLATION TRENDS
The Zumper National Rent Report reveals that annual rent growth for one- and two-bedroom units is closely aligning with the U.S. inflation rate. One-bedroom rents rose 2.3% year-over-year, while twobedroom rents increased by 2.5%, nearly matching the annual inflation rate of 2.6%. This stabilization signals easing inflationary pressures and reflects broader trends in the economy.
The Consumer Price Index’s shelter index has decelerated over the past year, suggesting that moderated rent growth could pave the way for potential Federal Reserve interest rate cuts. This alignment between rent growth and inflation indicates a leveling of price pressures, offering renters a modest sense of relief compared to recent years.
“Easing inflationary pressures and rent stabilization are key indicators of a healthier economic environment for renters,” noted Zumper’s analysis. While rents remain high in many markets, this trend signals potential improvements in affordability moving forward.
For a deeper dive into the data, read the complete Zumper National Rent Report on their website
LOANS FOR LANDLORDS
Welcome
To Our Newest Members!
We’re excited to have you as a member of the RPOA community. As a member, you’re now connected to valuable resources and a network of real estate professionals focused on growth and success. We look forward to helping you achieve your investment goals!
Amanda Burke
April Moayyer
Barbara Ralphs
Beth Hennessey
Brian Clinger
Cameron Embers
Chase Walters
Cheryl Montgomery
Dan Fritsch
David Pickett
Doran Mesecar
Ethan Morrow
Erin Fester
Howard VanDam
Jason Bierema
Jim Rausch
Josh Heyboer
Kelly Kermode
Kenneth Schoonbeck
Larry Schultz
Mark Baker
Matt Langeler
Melissa King
Phil Dolci
Randy Hutson
Roni Deb
Ron TerMolen
Sharon Purkis
Stephen Polter
Thomas Upton
Todd Michalski
Maximizing Your RPOA Membership Benefits
RPOA membership offers valuable resources and discounts that can significantly enhance your real estate investments.
Exclusive Discounts: Save with member-exclusive discounts to local and national retailers, including a 2% rebate on purchases at Home Depot.
Educational Resources: RPOA offers classes and events that help you stay ahead of industry trends and improve your investment strategies.
Networking Opportunities: Connect with fellow investors and industry professionals at RPOA events to share insights and discover new opportunities.
Advocacy: Stay informed on legislative changes affecting property owners and investors, and support RPOA’s efforts to protect your interests.
Tools and Services: Utilize tenant screening services, lease agreements, and more to streamline your operations.
By fully leveraging your RPOA membership, you can maximize savings, stay informed, and grow your real estate portfolio with confidence.
U.S. House Prices Rise 4.3% Year-Over-Year in Q3 2024
According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI®), U.S. house prices rose 4.3% between the third quarter of 2023 and the third quarter of 2024. Compared to the second quarter of 2024, house prices increased by 0.7%, reflecting ongoing growth in the housing market despite a slowdown in price appreciation.
Key Highlights
House price appreciation remained positive in nearly all states and metropolitan areas, showcasing a resilient housing market. However, the pace of growth has moderated, continuing a trend that began in late 2023. Dr. Anju Vajja, Deputy Director for FHFA’s Division of Research and Statistics, attributed the deceleration to elevated mortgage rates and high house prices limiting affordability, even as demand continues to outpace supply.
• State-Level Trends: House prices increased in 49 states, with the highest annual appreciation in Hawaii (10.4%), Delaware (8.5%), and Rhode Island (8.4%). The District of Columbia and Louisiana were exceptions, recording declines of 3.1% and 0.4%, respectively.
• Metropolitan Area Insights: Among the 100 largest metropolitan areas, 91 saw price increases. Miami-Miami BeachKendall, FL, led with a 10.8% rise, while North Port-Sarasota-Bradenton, FL, experienced the largest decline at 6.4%.
• Regional Analysis: All nine U.S. census divisions reported positive year-over-year price changes. The East North Central division led with a 6.8% increase, while the West South Central division had the smallest gain at 1.6%.
Market Dynamics
The sustained rise in house prices underscores persistent supply constraints and strong demand, even amid challenges posed by elevated mortgage rates. This trend continues a streak of positive annual appreciation in the U.S. housing market since 2012.
For additional details, visit the FHFA’s official report .
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SEASONAL SHIFTS SLOW NATIONAL RENT GROWTH
The Zumper National Rent Report highlights a marked seasonal slowdown in the rental market for November. According to the report, the median one-bedroom rent held steady at $1,534, while twobedroom units saw a slight 0.4% decline to $1,902. This stagnation signals a transition into the lower demand months, a trend typical as property owners adjust pricing to fill vacancies before the holidays.
“Our national rent index showing flat to declining monthly rates is a clear sign of a shift into the slow-moving season,” said Zumper CEO Anthemos Georgiades. With most renters who planned to move having already done so, landlords are strategically responding to reduced demand. The report predicts modest declines will continue through the remainder of 2024 and into early 2025.
This slowdown offers renters a temporary reprieve from consistent price increases, aligning closely with broader seasonal patterns observed in the rental market.
To explore the full Zumper National Rent Report, visit their website for more details.
Gifting Real Estate
Is It a Good Strategy for Tax
Planning?
The holiday season often inspires acts of generosity, and for real estate investors, this could mean gifting property to loved ones. While this gesture can be both impactful and financially beneficial, it requires careful planning to ensure it aligns with your broader investment and tax strategies. Here’s what you need to know about gifting real estate as part of your tax planning.
Benefits of Gifting Real Estate
Gifting real estate can have significant advantages, particularly for those looking to manage their taxable estate or provide financial assistance to family members. Some of the key benefits include:
2. Helping Loved Ones: Real estate can serve as a meaningful and practical gift, offering your loved ones a home to live in or an income-generating asset. For younger family members or those just starting their financial journeys, this kind of support can provide stability and a strong financial foundation.
3. Avoiding Capital Gains: When you gift property, you transfer its current value to the recipient. This avoids the immediate capital gains taxes that you would face if you sold the property yourself, allowing the recipient to benefit directly from the property’s value without an initial tax burden.
Tax Implications to Consider
While gifting real estate can be advantageous, it’s important to understand the tax rules involved:
1. Annual Gift Tax Exclusion: As of 2024, you can gift up to $17,000 per recipient ($34,000 for married couples) without
1. Reducing Your Taxable Estate: By transferring a property to a recipient, you can potentially lower the value of your estate, which may significantly reduce the estate tax burden for your heirs. This strategy is particularly effective for highvalue properties that would otherwise push your estate into a higher tax bracket.
triggering the federal gift tax. For property exceeding this amount, the excess applies toward your lifetime estate and gift tax exemption, currently set at $12.92 million. This exemption allows you to make larger gifts without immediate tax implications but requires careful documentation to ensure compliance.
2. Basis Carryover: When you gift property, the recipient inherits your original cost basis rather than the current market value. This means that if the property has appreciated significantly, the recipient may face substantial capital gains taxes when they eventually sell it. It’s crucial to discuss this potential tax burden with the recipient before finalizing the gift.
3. State Tax Considerations: Tax rules vary by state, and some states impose additional taxes or limitations on property transfers. Depending on the property’s location, these state-specific rules could impact the overall benefits of gifting real estate. Consulting a local tax professional can help you navigate these complexities effectively.
Steps to Take When Gifting Real Estate
1. Consult a Professional: Work with a tax advisor or estate planning attorney
to evaluate whether gifting real estate aligns with your financial goals. These experts can help you navigate the complex tax laws, ensuring compliance while optimizing the benefits of your gift.
2. Appraise the Property: Obtain a professional appraisal to determine the property’s fair market value. This step is critical for accurate tax reporting and to avoid disputes or misunderstandings about the property’s worth.
3. Document the Gift: Proper documentation ensures that the transfer is recognized legally and for tax purposes. This includes preparing a deed transfer, filing necessary forms with tax authorities, and maintaining records for future reference.
4. Communicate with the Recipient: Ensure the recipient understands the financial implications, including property taxes, maintenance costs, and potential future capital gains taxes. This conversation helps prevent surprises and ensures the recipient is prepared to take on the responsibilities of ownership.
When Gifting Might Not Be the Best Option
Gifting real estate isn’t always the optimal choice. If your property has appreciated significantly, the recipient may face substantial capital gains taxes when selling it. Additionally, gifting could complicate your portfolio if the property is a significant source of income or a key part of your long-term strategy.
Planning for a Meaningful Impact
Gifting real estate can be a powerful way to share wealth and reduce your taxable estate, but it’s not a one-sizefits-all solution. Careful planning and consultation with professionals are essential to ensure that your generosity aligns with your financial goals and doesn’t create unintended tax burdens for the recipient.
This holiday season, consider whether gifting real estate fits into your overall tax planning strategy. A little preparation can turn your gift into a lasting legacy.
U.S. Home Prices Rise 3.9% in September 2024
U.S. home prices recorded a 3.9% annual increase in September 2024, according to the S&P Dow Jones Indices (S&P DJI) and the S&P CoreLogic Case-Shiller Index. This represents a slight deceleration from the 4.3% annual gain observed in August, signaling a moderate cooling in the pace of price growth.
Among the 20 cities tracked by the index, New York led with a 7.5% year-over-year increase, followed by Cleveland and Chicago at 7.1% and 6.9%, respectively. Conversely, Denver posted the smallest annual gain at just 0.2%, highlighting significant regional disparities in market performance.
These figures provide a snapshot of the U.S. housing market’s ongoing adjustments, reflecting both sustained growth and emerging trends in regional dynamics.
For further details, visit the S&P Dow Jones Indices website and explore the full report.
Mentors in Real Estate: Why They Matter & How to Find One
Embarking on a real estate investing journey can be rewarding, but the complexities and challenges of the industry often necessitate guidance from someone experienced. A mentor in real estate investing can provide insights, share strategies, and help you navigate hurdles. Here’s how you can find the right mentor to accelerate your success.
The Importance of a Real Estate Mentor
Real estate is a relationship-driven industry, and mentors play a crucial role in helping newcomers understand market trends, avoid common pitfalls, and make informed decisions. Beyond offering advice, mentors can open doors to valuable
networks, including investors, brokers, and lenders. They provide real-world examples and help mentees build confidence and competence in navigating the market.
Define Your Goals and Needs
Before seeking a mentor, clarify your objectives. Are you focusing on a specific asset class, like multifamily properties or vacation rentals? Do you need help with financing, deal analysis, or property management? Having clear goals will guide you in identifying a mentor whose expertise aligns with your aspirations. For instance, a mentor specializing in flipping houses may not be the best fit if you’re interested in long-term rental investments.
Tap into Your Network
Your existing connections are often the best starting point. Reach out to family, friends, or colleagues involved in real estate. Networking events, local meetups, and industry seminars are excellent venues to meet potential mentors. Don’t hesitate to ask someone for an introduction if they know an experienced investor who might be willing to share their knowledge.
Becoming a member of the Rental Property Owners Association (RPOA) opens the door to
invaluable networking opportunities. Through RPOA’s regular events, including local meetups, learning labs, and the highly anticipated annual conference, you can connect with seasoned real estate investors and industry professionals. These events provide a platform to meet potential mentors, gain insights into market trends, and establish meaningful relationships.
The RPOA’s membership benefits also include access to a supportive community of like-minded individuals and exclusive resources to enhance your investing journey. By participating in RPOA’s activities, you’ll position yourself to learn from experienced investors and potentially find a mentor who aligns with your goals.
Professional organizations like the Urban Land Institute or local real estate investment groups often have mentorship programs or networking opportunities. Alumni networks from your university may also connect you with seasoned professionals.
Demonstrate Value
Mentorship is a two-way relationship.
While you’re looking for guidance, consider what you can offer in
return. Whether it’s assisting with market research, helping with administrative tasks, or sharing skills like social media marketing, demonstrating your willingness to contribute can make you a more attractive mentee.
Approach Potential Mentors
Respectfully
Experienced real estate professionals are often busy, so it’s essential to be concise and specific when reaching out. Rather than asking for a broad mentorship, start with targeted questions or requests for advice. A simple, polite inquiry about a particular challenge can initiate a productive relationship. Be sure to follow up with a thank-you note or email to express your gratitude for their time and insights.
Explore Mentorship Programs
If informal networking doesn’t yield results, consider joining a formal mentorship program. These programs often provide structured
guidance, regular meetings, and actionable strategies tailored to your goals. Options include one-on-one mentorships, group mentorships, or apprenticeships. While some programs may have a cost, the value of learning directly from experienced professionals can outweigh the expense.
Show Commitment and Follow Through
Mentors invest their time and energy in those who demonstrate commitment. If your mentor gives you advice or assignments, take action and report back on your progress. This shows you value their guidance and are willing to put in the work to succeed.
Build a Sustainable Relationship
The best mentor-mentee relationships are built on mutual respect and clear communication. Establish expectations early on, such as the
frequency and format of meetings. Whether you meet virtually, in person, or through regular phone calls, having a system in place ensures both parties benefit from the relationship.
Final Thoughts
A mentor can be a game-changer in your real estate investing journey, helping you avoid costly mistakes and achieve your goals faster. By defining your objectives, leveraging your network, and demonstrating value, you can attract the right mentor and build a mutually beneficial relationship. For more insights on finding success in real estate investing, explore resources available through professional organizations, mentorship programs, and associations like RPOA.
Not yet a member of the RPOA? Join the RPOA today to connect with experienced professionals, gain exclusive access to resources, and take your real estate investing journey to the next level.
The Crucial Role of Tenant Screening in Successful Property Management
Tenant screening is essential for a landlord’s rental business, helping identify reliable tenants who honor leases, care for the property, and pay on time. Skipping this step can lead to financial losses, legal troubles, and strained tenant relationships.
Why Tenant Screening is Non-Negotiable
Imagine leasing your property to someone who appears reliable but soon begins missing payments or causing disturbances. The time and resources spent addressing such issues can far outweigh the initial effort required for thorough tenant screening. By carefully evaluating potential tenants, landlords safeguard their investment and create a positive rental environment.
Key benefits of tenant screening include:
• Mitigating the risk of late or missed rent payments by confirming a tenant’s financial stability.
• Preventing property damage through the selection of responsible tenants.
• Reducing the likelihood of legal disputes by identifying applicants with prior evictions or criminal records.
• Establishing trust and accountability from the beginning of the landlord-tenant relationship.
What a Robust Screening Process Looks Like
Effective tenant screening goes beyond a quick glance at a credit score. It involves a multi-step approach:
1. Verifying Identity and Employment: Confirming an applicant’s identity and employment ensures they have a steady income to meet their rental obligations.
2. Reviewing Rental History: Learning about an applicant’s prior rental experiences helps predict their behavior as tenants. Red flags like late payments or disputes with past landlords should not be ignored.
3. Conducting Background Checks: Checking for criminal records or prior evictions provides critical insights into an applicant’s trustworthiness and reliability.
4. Assessing Financial Capability: Evaluating credit reports, debts, and income-to-rent ratios ensures that the tenant can afford the property without financial strain.
Challenges and Solutions in Tenant Screening
Landlords often face challenges like verifying information or managing the time-intensive nature of screening. Utilizing technology and professional screening services can streamline the process. Platforms designed for tenant screening not only offer comprehensive background checks but also provide online applications and identity verification tools, making the process efficient and effective.
Leveraging Advanced Tools for Better Results
Innovative platforms like Rent Perfect simplify the screening process by offering tools such as thorough background checks, customizable lease agreements, and online rent payment systems. These services help landlords make informed decisions, save time, and ensure compliance with legal regulations.
Special Benefits for RPOA Members
RPOA members, through the organization’s partnership with the National Real Estate Investors Association (NREIA), can access discounted services from Rent Perfect—a leading solution for rental property owners and managers. Rent Perfect offers the most accurate and thorough credit and background screening available, along with tools like an Online Lease Agreement feature that allows landlords to send customized, secure leases electronically. NREIA members benefit from a discounted setup fee of just 95¢.
By utilizing these advanced tools and committing to a comprehensive tenant screening process, landlords can create a solid foundation for effective property management. These proactive steps pave the way for a more profitable, efficient, and stress-free rental experience for both landlords and tenants.
SWING STATE RENT GROWTH AND POLITICAL IMPLICATIONS
The Zumper National Rent Report highlights an intriguing connection between housing affordability and political trends, particularly in key swing states during the 2024 U.S. presidential election. Four of the seven swing states, including Georgia, Michigan, Pennsylvania, and Wisconsin, experienced annual one-bedroom rent increases that exceeded the national median growth rate of 2.3%. Michigan led the pack with a significant 6.2% rise, reflecting robust demand in the state’s rental market.
Interestingly, states like Arizona, North Carolina, and Nevada, while falling below the national median for rent growth, showcased notable resilience. These markets experienced record-breaking additions to housing supply but still saw rents climb modestly, emphasizing the high demand that continues to drive these regions. For example, Arizona delivered nearly 60,000 new apartments in 2024, yet its markets remain in demand, with only moderate rent price declines in certain cities.
These shifts in rent trends can influence voter behavior, as housing affordability remains a pressing concern for many Americans. According to a Pew Research Center survey, 64% of respondents identified housing costs as a significant worry. Rising rents in pivotal states may intensify public scrutiny of housing policies, potentially swaying voter sentiment in future elections.
The interplay between housing demand, supply, and political dynamics underscores the importance of addressing affordability challenges. As rents continue to fluctuate, the insights provided by the Zumper National Rent Report offer valuable context for understanding these trends.
For more insights and detailed data, explore the Zumper National Rent Report .
Urban vs. Suburban Housing Dynamics in 2024
The Zumper National Rent Report sheds light on the distinct differences between urban and suburban housing markets in 2024, particularly as they adapt to shifting demand and new supply. Urban areas, often constrained by regulatory limitations and limited space for new developments, have seen steadier rent prices compared to suburban counterparts. Cities like New York and San Francisco remain among the most expensive markets but have started showing signs of softening rents due to seasonal adjustments and evolving leasing dynamics.
In contrast, suburban markets, buoyed by significant new inventory, are experiencing more pronounced fluctuations. Arizona’s suburban markets, for example, delivered nearly 60,000 new units in 2024, leading to moderate price declines despite strong overall demand. Suburban regions often offer more space and affordability, drawing renters who prioritize value over proximity to urban centers. This trend underscores the growing competitiveness of suburban markets as viable alternatives to city living.
These dynamics highlight the importance of tailored approaches for investors and property managers in understanding and responding to the unique challenges of each market. Urban areas may require innovative solutions to address high rents and limited space, while suburban markets must focus on balancing new supply with sustainable demand.
For a detailed breakdown of these trends, read the full Zumper National Rent Report on their website.
Cut Costs, Boost Profits.
RPOA membership offers
real estate investors
huge savings through local and national retailer discounts.
Trump’s Proposed Policies and Their Potential Impact on Housing
President-elect Donald Trump has outlined several housing policies aimed at addressing the nation’s housing affordability crisis, but the road to lower home prices is far from straightforward. With housing supply critically low—shortages range from 4.5 million to 7 million homes, depending on the source—Trump’s proposals include opening federal land for construction, reducing regulations, and encouraging building in suburban areas. These measures aim to increase housing supply, but the effectiveness of these strategies remains uncertain.
Key factors influencing today’s housing challenges include persistently high mortgage rates, climbing home prices, and inflation. As of December 1, mortgage rates for 30-year fixed loans hovered at 6.67%, contributing to elevated shelter costs, which have risen 4.9% over the past year. Experts agree that without a significant boost in housing supply, affordability will remain out of reach for many Americans, regardless of policy changes.
Trump’s proposed reduction of regulations is a practical step that could make homes cheaper to build, but most regulations are state or local, not federal, limiting the administration's ability to impact costs. Similarly, opening federal lands for housing construction is a promising idea but is constrained by geographic and environmental
concerns, as most federal lands are in less populated Western states.
Other initiatives, like banning mortgages for undocumented immigrants and focusing on suburban development, could yield mixed results. While restricting mortgages might slightly reduce demand, it risks worsening construction labor shortages and increasing costs. Suburban expansion could improve affordability but raises concerns about infrastructure, commutes, and environmental risks in fire-prone areas.
Economists emphasize that addressing labor shortages in construction is crucial to resolving the housing supply gap. Policies encouraging young people to enter the trades, such as forgivable loans for those working in construction, could significantly impact housing costs by expanding the workforce.
While Trump’s housing policies address critical issues, their success hinges on execution, cooperation across federal and state levels, and navigating complex economic realities. With housing affordability a pressing concern for millions, voters will closely watch how these initiatives unfold in the coming years.
For more insights, visit U.S. News & World Report to explore the full analysis.
CLASSES & EVENTS
LEARNING LAB: GRAND RAPIDS FREE WINDOWS. DOORS. SIDING.
DECEMBER 19TH | 12PM - 1PM
Free Event!
Join us to find out how you can receive free replacement doors and windows and free siding and more. If you own a rental property in Grand Rapids built before 1978, you may be eligible to receive up to $20,000 per unit from the City of Grand Rapids lead hazard control grant program. Making your rental property lead-safe through this program will not only include free repairs to your units, but also reduces your exposure to potential lawsuits for lead poisoning.
RPOA Outreach Coordinator, Heather VandenBos, will provide information on eligibility and other grant program provisions. Don’t miss out! Registration is required.
EXIT STRATEGIES AND TRANSITION PLANNING
JANUARY 1ST | 10AM - 12PM
What’s your plan for your transition into retirement? Are you planning to divest yourself of all your real estate before you retire? Or, are you planning to have family members or existing partners or employees take over the business and send you monthly checks? Do you plan to sell off your real estate assets a few at a time in order to fund your retirement—maybe selling your rentals on land contracts?
If you’re planning to use your real estate as part of your retirement strategy, how are you protecting those assets? Are you setting yourself up to avoid a huge tax burden for you and/or those inheriting your real estate holdings? How do you plan to pass along your real estate to your children or others? What happens if you die unexpectedly? Is your spouse capable (or willing) to take over your rental or real estate business? Have you asked them? What happens if your real estate is their sole source of income? Should it be?
In this class you’ll learn proven strategies to
turn your real estate investments into a reliable stream of income that will last a lifetime and avoid the cataclysmic results of being unprepared.
Taught by Todd Van Eck, attorney with Helmet Fox.
REGISTER
VIRTUAL REAL ESTATE INVESTOR MONTHLY MEETUP
JANUARY 10TH | 8AM - 9AM
Join us on the 2nd Friday of every month from 8am - 9am for virtual networking with landlords, investors, realtors, lenders and vendors who are invited to share their haves and wants!
REGISTER
UNDERSTANDING & APPEALING PROPERTY TAXES
JANUARY 13TH | 10AM - 12PM
3 Hours CE Credit for Licensed Real Estate Professionals
Allison Koetsier, real estate broker and investor with over 20 years of experience, will share
her extensive knowledge on the process of appealing property tax assessments. This class takes a hands-on approach, providing realworld examples, and guides you step-by-step through the process of successfully appealing property taxes.
REGISTER
SHOULDER SEASON MARKETING STRATEGIES FOR SHORT-TERM RENTALS
(MONTHLY REAL ESTATE INVESTOR MEETUP)
SEPTEMBER 24TH | 12:30PM - 1PM
Discover how to maximize your short-term rental profits during the shoulder season with proven marketing strategies. Experienced hosts Gary Hall and Jeremy Garcia will share actionable tips and insights to help you attract more bookings, increase revenue, and stay competitive in slower months. You'll leave with practical tools to enhance your rental's performance year-round.
And there will be plenty of time for networking too!
REGISTER
ADVANCED FINANCIAL ANALYSIS FOR COMMERCIAL AND MULTIFAMILY PROPERTIES
JANUARY 21ST | 9AM - 12PM
3 Hours CE Credit for Licensed Real Estate Professionals
Whether you are a beginning or experienced real estate investor, landlord, or a broker looking to get the best value for your client, you need to understand and know how to run your numbers. While this is true for smaller deals, the numbers are even more important for large capital investments in commercial multifamily properties. A lot of people believe MATH is a four-letter word. But there’s no getting around the truth that in real estate MATH = MONEY!
The instructor, Brian Hamrick, controls 380 units and has bought and has sold over $16 million in real estate assets. Brian also hosts the “Rental Property Owner & Real Estate
Investor Podcast”, which is sponsored by the RPOA.
REGISTER
LOCAL INVESTOR INSIGHTS:
NAVIGATING WEST
MICHIGAN’S REAL ESTATE MARKET - PANEL DISCUSSION
JANUARY 22ND | 11:30AM - 1PM
Join us for a panel discussion with experienced local real estate investors as they share their insights on the current trends and challenges shaping West Michigan's real estate market. Hear their outlook on the industry and learn strategies for navigating the market over the next year.
Plus, enjoy a box lunch while networking with fellow investors and staying informed on the latest developments affecting your business.
HOW TO AFFECT YOUR APPRAISAL
JANUARY 22ND | 1PM - 3PM
2 Hours CE Credit for Licensed Real Estate
Professionals
Learn how the professionals determine property value. Knowing how a property is valued is important for buying and selling. Learning the process will make you a smarter buyer and seller.
Taught by experienced appraiser Kenneth Nicholson.
NAVIGATING FAIR HOUSING: LAWS AND BEST PRACTICES IN REAL ESTATE INVESTMENT
JANUARY 28TH | 10AM - 12PM
2 Hours LEGAL CE Credit for Licensed Real Estate Professionals
This class is geared towards rental housing professionals who are seeking an introduction to fair housing laws and best practice information. Topics covered during this comprehensive session include Federal, State, and local fair housing laws, the variety of locally protected classes, applications of the law, fair housing best practices, and services provided by the Fair Housing Center. This training includes an emphasis on trending topics in fair housing, including occupancy standards and reasonable accommodations and modifications.
This class will be taught by Liz Keegan, Director of Education and Outreach at the Fair Housing Center of West Michigan.
GARNISHMENTS AND COLLECTING JUDGMENTS
FEBRUARY 13TH | 10AM -12PM
2 Hours LEGAL CE Credit for Licensed Real Estate Professionals
This class, led by Attorney Sawyer Rozgowski, covers everything you need to know to navigate the process successfully. Learn how to obtain garnishments, enforce judgments, and ensure compliance from garnishees. With clear explanations and practical insights, you'll gain the confidence to handle collections efficiently and effectively.
Run comps and analyze opportunities whenever, wherever they come in.
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U.S. Short-Term Rental Market to Stabilize in 2025
The U.S. short-term rental (STR) market is poised for stabilized growth in 2025, according to AirDNA’s 2025 Outlook Report published on Yahoo Finance. The report projects occupancy rates will rebound to pre-pandemic levels of 54.9% by the end of 2025, fueled by sustained demand growth and a slowdown in new supply.
Key Insights from 2024
After two challenging years, 2024 marked a turning point for the STR industry. Supply growth, which peaked at 22.3% year-over-year in 2022, decelerated significantly to 6.9% in 2024 due to high interest rates and elevated housing prices.
;Meanwhile, demand surged by 7.0% year-over-year, driven by pent-up travel interest and an improving economic environment. This rebalancing halted declining occupancy rates and resulted in a 3.4% gain in Revenue per Available Room (RevPAR), the first increase since 2021.
Outlook for 2025
The report predicts continued momentum in 2025, with demand expected to grow by 4.9%, outpacing supply growth of 4.7%. This dynamic will support a 2.9% increase in RevPAR. Urban markets are anticipated to lead in occupancy and revenue gains, as limited new listings and regulatory constraints curb supply growth in cities like New York, Washington, D.C., San Francisco, and Atlanta.
Additionally, the popularity of larger, group-friendly homes is expected to drive Average Daily Rates (ADR) and overall revenue growth across market types.
Opportunities for Investors
Despite persistently high interest rates, AirDNA emphasizes opportunities for investors in the STR market. Stronger cash flows, steady home value appreciation, and predictable market conditions offer solid prospects for long-term returns.
As Jamie Lane, SVP of Economics at AirDNA, noted, “2025 will be a dynamic year for growth. The winners will be those who leverage precise, data-driven insights to adapt to shifting trends and capitalize on the strongest opportunities.”
For more detailed projections and analysis, read the full AirDNA 2025 Outlook Report on Yahoo Finance.
VENDOR DIRECTORY
1031 Exchange Services
Company Name: Accruit
Contact Name: Dylan Johnson
Phone: (303) 865-7311
Website: accruit.com
Account & Bookkeeping
Company Name: Culver CPA Group
Contact Name: Duane Culver
Phone: (616) 456-6464
Website: culvercpagroup.com
Company Name: Stonehenge Consulting PLC
Contact Name: Keith Harris
Phone: (616) 891-1147
Appliance Dealers
Company Name: Synergy Appliances
Contact Name: Brian Teysen
Phone: (616) 600-3627
Website: synergyappliances.com
Appraisals
Company Name: Premier Appraisal Service Inc
Contact Name: Kenneth Nicholson
Phone: (616) 452-4414
Attorneys & Legal Services
Company Name: Helmet Fox Law Group
Contact Name: Todd VanEck
Phone: (616) 552-6380
Company Name: Hilger Hammond
Contact Name: Justin Wheeler
Phone: (616) 284-3061
Website: hilgerhammond.com
Company Name: Hill, David Atty
Contact Name: David Hill
Phone: (616) 742-3992
Website: btlaw.com
Company Name: Kreis, Enderle, Hudgins & Borsos, P.C.
Contact Name: Daniel Boocher
Phone: (616) 254-8423
Company Name: Slot Law Group, PLLC
Contact Name: Sawyer Rozgowski
Phone: (616) 303-6168
Website: slotlaw.com
Company Name: Stout Law, PLLC
Contact Name: Matthew Stout
Phone: (616) 724-0346
Company Name: Stuart Law, PLC
Contact Name: Kevin Sutherland
Phone: (616) 333-2427
Company Name: Traverse Legal, PLC
Contact Name: Enrico Schaefer
Phone: (231) 313-0564
Company Name: Varnum LLP
Contact Name: Randall Groendyk
Phone: (616) 336-6000
Website: varnumlaw.com
Company Name: Velo Law Office
Contact Name: Diane M Heidema
Phone: (616) 333-0707
Company Name: Ventures Law Firm
Contact Name: Lane Zabawa
Phone: (734) 790-3801
Website: ventureslawfirm.com
Banks
Company Name: First National Bank of America
Contact Name: Michael McDowell
Phone: (616) 538-6017
Company Name: Mercantile Bank Attn: Alice Doherty
Contact Name: Alice Doherty
Phone: (616) 209-8671
Company Name: Northpointe Bank
Contact Name: Ryan Gummere
Phone: (616) 974-8416
Carpet Cleaning
Company Name: Lake Michigan Carpet and Duct Cleaning
Contact Name: Dudley Larson
Phone: (616) 240-0682
Cleaning
Company Name: Locker Professional Cleaning Services
Contact Name: Joshua Locker
Phone: (616) 490-7894
Credit
Reporting Services
Company Name: Grand Slam Investigations
Contact Name: DJ Newman
Phone: (231) 359-1555
Education and Coaching
Company Name: Annen Property Management LLC
Contact Name: Jeremy Annen
Phone: (616) 204-3710
Financing
Company Name: Benchmark Capital Management LLC
Contact Name: Matthew Fox
Phone: (616) 735-9800
Website: ciqwindowshosting.com
Company Name: Boathouse Commercial Funding Group
Contact Name: Fred SaintAmour
Phone: (269) 459-2530
Website: boathousecfg.com
Company Name: United Bank of Michigan
Contact Name: Anna Miller
Phone: (616) 559-4511
Flooring Supplies
Company Name: Flooring America
Supercenter
Contact Name: Alek Petrenko
Phone: (616) 222-1188
Company Name: Landlord's Supply LLC
Contact Name: Phillip Mol
Phone: (616) 292-2810
Foundation
Company Name: Foundation Specialist
Contact Name: Bryan Foster
Phone: (616) 335-0364
Website: foundationspecialistmi.com
Garage Doors
Company Name: ProLift Garage Doors
Contact Name: Kevin Dewald
Phone: (616) 443-8953
General Contractor
Company Name: AB1 Construction
Contact Name: Adam C Beckett
Phone: (616) 813-2453
Company Name: Branscombe Properties
Contact Name: George "Larry" Branscombe Phone: (616) 299-6846
Company Name: Eastown Construction
Contact Name: Jake Whelan
Phone: (616) 318-7931
Website: eastownconstruction.com
Company Name: Kurtis Building & Repair LLC
Contact Name: Kurtis DeSatterlee Phone: (616) 490-8596
Company Name: Team Davis Painting Maintenance and Repairs LLC
Contact Name: Fred Davis
Phone: (616) 888-0933
Hard Money Lender
Company Name: Anchor Loans
Contact Name: Celso Espejo
Phone: (310) 395-0010
Website: anchorloans.com
Company Name: Backflip
Contact Name: Mariah Schmidt
Phone: (406) 581-4031
Website: dobackflip.com
Company Name: Property Lenders, LLC
Contact Name: George Bailey
Phone: (616) 822-7662
Hardware Stores & Building Supplies
Company Name: Floor and Decor
Contact Name: Christin Kasperlik
Phone: (616) 498-4970
Company Name: Discount Home Improvement Inc
Contact Name: Wendy Carlson
Phone: (616) 451-3600
Website: discountmi.com
Company Name: Great Lakes Ace Hardware
Contact Name: Robert Farrell
Phone: (616) 451-0724
Website: greatlakesace.com
Company Name: Sherwin Williams Paint Co
Contact Name: Connor Shinouskis
Phone: (616) 690-5080
Home Improvement Services
Company Name: Renaissance Roofing and Exteriors
Contact Name: Shane Galbraith
Phone: (616) 617-3133
Website: renaissanceroof.com
Company Name: Roof Maxx of Ada
Contact Name: Nate Versluis
Phone: (616) 706-1398
Website: roofsaversmi.com
Insurance
Company Name: AIC Insurance
Contact Name: Mark Vickery
Phone: (616) 676-4000
Website: theaicgroup.com
Company Name: Noel Selewski Agency Inc
Contact Name: Noel Selewski
Phone: (313) 886-6857
Website: noelselewskiagency.com
Company Name: Shield Insurance Agency
Contact Name: Joe Peiffer
Phone: (616) 378-6131
Company Name: Vredevoogd-Brummel Insurance
Contact Name: Joel Emerson
Phone: (616) 340-0642
Website: insurancewestmichigan.com
Investment Services
Company Name: RCB & Associates, LLC
Contact Name: Paul J Chad Jr Creasey
Phone: (616) 233-9050
Junk & Trash Hauling
Company Name: H&H Moving & Junk Removal
Contact Name: David Suh
Phone: (616) 216-1090
Company Name: Kamminga Junk Hauling and Lawn Care LLC
Contact Name: Eli Kamminga
Phone: (616) 914-0762
Lawn Care Services
Company Name: Jack's Lawn Service & Snowplowing
Contact Name: Bruce VanderVennen
Phone: (616) 698-8616
Company Name: KDS Outdoor Services
Contact Name: Kenneth Schoonbeck
Phone: (616) 826-9429
Company Name: Master's Mowing
Contact Name: Jared McLean
Phone: (616) 916-8109
Mortgage
Broker
Company Name: J R Mortgage Services LLC
Contact Name: James Riley
Phone: (616) 292-4491
Company Name: My City Mortgage
Contact Name: James Eerdmans
Phone: (616) 726-5700
Painting Contractor
Company Name: Priority Painting LLC
Contact Name: David Buckley
Phone: (616) 893-7932
Pest Control & Extermination
Company Name: Empire Pest & Wildlife Control
Contact Name: Terry Perysian
Phone: (616) 796-8900
Website: empirepestcontrolmi.com
Company Name: Honorable Pest Control
Contact Name: Nickolas Russler
Phone: (517) 990-7399
Company Name: Turf Badger
Contact Name: Zach Ensing
Phone: (616) 232-9856
Website: turfbadger.com
Plumber
Company Name: Bergsma Plumbing LLC
Contact Name: Joseph M Bergsma
Phone: (616) 813-5219
Website: bergsmaplumbing.com
Company Name: GR Metro Plumbing
Contact Name: Mark J VanderHyde
Phone: (616) 301-0999
Company Name: Kellermeier Plumbing
Contact Name: Scott Mostert
Phone: (616) 866-5134
Website: kellermeierplumbing.com
Company Name: Magnum Plumbing & Heating Inc
Contact Name: Dale Bonnema
Phone: (616) 477-2525
Website: magnumplumbingheating.com
Company Name: Trout Plumbing
Contact Name: Kyle Koepke
Phone: (616) 888-1546
Website: troutplumbingmi.com
Property Management
Company Name: Blue Sky Partners LLC
Contact Name: Steve McClure
Phone: (616) 291-3256
Company Name: BRG Management LLC
Contact Name: Mike Beckett
Phone: (616) 813-6662
Company Name: Land & Co
Contact Name: Hope Stephens
Phone: (616) 534-5792
Company Name: LeaseGR - Rental Property Consultants
Contact Name: Amanda Szabo
Phone: (616) 257-3997
Website: leasegr.com
Company Name: Real Property Management Neighbors
Contact Name: Mike Coleman
Phone: (616) 465-2378
Website: rpmneighbors.com
Company Name: Short South Management and Development
Contact Name: John Clark
Phone: (231) 638-0287
Property Management Software
Company Name: OwnerRez
Contact Name: Paul Hall
Phone: (714) 756-1783
Website: ownerrez.com
Real Estate Consulting
Company Name: Veldkamp, Rachael
Contact Name: Rachael Veldkamp
Phone: (616) 648-0295
Real Estate Investors
Company Name: Lloyd Jones
Contact Name: Melanie Anderson
Phone: (214) 659-1839
Website: lloydjonesllc.com
Real Estate Services
Company Name: Baragar Realty
Contact Name: Michele Baragar
Phone: (616) 406-5963
Website: baragarrealty.com
Company Name: Carmen Veurink, Realtor
Contact Name: Carmen Veurink
Phone: (616) 822-7712
Website: homelakeshore.com
Company Name: Cripe, Mitch
Contact Name: Mitch Cripe
Phone: (616) 292-2637
Website: mitchcripe.com
Company Name: JM Real Estate Capital
Contact Name: Rob Fishbein
Phone: (844) We-Close
Company Name: John Rice REALTOR
Berkshire Hathaway
Contact Name: John Rice
Phone: (616) 951-4663
Website: johnricerealtor.com
Company Name: Koetsier Properties LLC
Contact Name: Allison Koetsier
Phone: (616) 633-9445
Website: compass101.com
Company Name: Lake Michigan Realty
Management
Contact Name: Javier Rodriguez
Phone: (616) 559-7979
Company Name: Paradise Properties USA, Inc
Contact Name: Gary Scheitler
Phone: (231) 331-4423
Website: paradisepropertiesusa.com
Company Name: Smallegan Team of Keller
Williams Grand Rapids North
Contact Name: Rachel Kokosenski
Phone: (616) 447-9100
Sign Design & Supply
Company Name: SignComp
Contact Name: Gordon Poliquin
Phone: (616) 784-0405
Website: signcomp.com
Title Services
Company Name: America's One Title
Contact Name: Dave Nichols
Phone: (616) 365-4100
Website: americasonetitle.com
Company Name: Nations Title Agency
Contact Name: Christopher VanWinkle
Phone: (269) 501-4207
Towing Services
Company Name: Hookin and Bookin
Contact Name: Jordan Morren
Phone: (616) 325-5751 Tree Services
Company Name: MV Tree LLC
Contact Name: Matt Velderman
Phone: (616) 430-9958
Company Name: 1,2, Tree LLC
Contact Name: Jacob Anderson
Phone: (616) 723-5295
Website: 12treeservice.com
Waste Dumpster & Roll Offs
Company Name: GFL-Green For Life Environmental
Contact Name: Dan Fritsch
Phone: (616) 421-5309
Here at United Bank, we do more than write mortgages; we create, customize and innovate to provide a loan that fits your unique situation. Whatever it takes, we’re here for you. Now that’s a real mortgage solution.
MICHIGAN LAWSUIT CHALLENGES MANDATORY REALTOR MEMBERSHIPS AFTER MLS CHANGES
A Michigan lawsuit is challenging the requirement for real estate professionals to join Realtor associations to access the MLS, arguing that these memberships offer "no benefit" since the ban on buyer broker compensation in the MLS. Filed by Douglas Hardy, Glenn Champion, and Dylan Tent—real estate professionals with Sotheby’s International Realty—the lawsuit names the National Association of Realtors (NAR), several Michigan Realtor associations, and RealComp II, the software company managing MLS access, as defendants.
The plaintiffs allege that mandatory memberships in Realtor associations create a "restraint of trade," compelling brokers and agents to pay for organizations they consider unnecessary while still requiring MLS access to conduct business effectively. They argue that this system establishes a monopoly, making it difficult for non-members to compete fairly in the industry.
The suit, which seeks class-action status, aims to represent Michigan real estate professionals required to join these trade groups. It asks for damages, injunctive relief, and a jury trial. This case could have far-reaching implications for real estate professionals navigating the postsettlement landscape.
MEMBER-TO-MEMBER DISCOUNTS
Exclusive Discounts for RPOA Members from RPOA Members
1LASTEYE LLC 12% discount on monthly bookkeeping.
BERGSMA PLUMBING is offering a 15% discount to RPOA members.
BOATHOUSE COMMERCIAL FUNDING
GROUP offers a nocost 10 page Property Valuation Report. This report is like Zillow on steroids. The report includes: House value, market rent value, sales and rental comparables, active listings, market analysis…everything you need to compare your property to others around you.
COMPASS REALTY RPOA
exclusive discount!
Free 1 hour real estate consultation.
CONSUMERS ENERGY
AC Peak Cycling
Program: Join the movement, choose clean and cut costs for you and your tenants. Enroll in Consumers Energy’s AC Peak Cycling program to save energy and receive $25 for each rental unit where a device is installed. (Ex.: 100 units is $2,500 for you!) Tenants also receive $25 in addition to earning up to $32 in bill credits each year from June to September.
DISCOUNT HOME
IMPROVEMENT RPOA members receive 6% off your order.
FOUNDATION
SPECIALIST is offering to waive inspection fees and give free estimates for RPOA members.
GREAT LAKES ACE
10% discount on all purchases. Some restrictions apply.
HOOKIN AND BOOKIN is offering free impound service for abandoned vehicles.
IPPEL BOOKKEEPING SOLUTIONS
is offering a 10% discount off monthly services for RPOA members! For Real Estate Investors, By Real Estate Investors.
J R MORTGAGE SERVICES
LLC Free appraisals for 1 to 4 family unit homes with closed loan application for RPOA members only.
KURTIS BUILDING & REPAIR LLC Now offering 10% discount for new RPOA members.
Members should call the RPOA office at 616-454-3385 to access these exclusive discounts.
LAKE MICHIGAN CLEANING RPOA
members receive $20 off per vent.
LOCKER PROFESSIONAL CLEANING SERVICES
offers full service deep cleaning, rental/ vacation property cleaning, move-out real estate cleaning, movein full-service cleaning, commercial cleaning. RPOA members get $100 off deep clean discount or $50 off your first clean. Discounts available for long term contracts. Free estimates.
PRIORITY PAINTING LLC
offering a 7% discount to RPOA members.
RENTAL HERO
Accounting software for rental property owners. RPOA members get the first year for only $79 then pay only $7.95/ month, billed annually at $95 after that. Free 30day trial.
Independent insurance agency representing multiple insurance companies. Always providing home and auto insurance but specializing in rental and vacant property insurance. We do all the shopping for you and special RPOA member discounts are available.
More discounts available to RPOA members through the National Real Estate Investor Association (NREIA). Visit nationalreia.org to learn more!
“The promotion of offers, including discounts, rebates and other such benefits, goods, and services provided by the Rental Property Owners Association of Kent County (“RPOA”) members and advertisers within the Michigan Landlord magazine (collectively, the “Offers”), are for informational purposes only and are not an endorsement or recommendation. The Offers are not made by the RPOA or the Michigan Landlord magazine and the advertiser/member is solely responsible to you for the delivery of any goods or services. Your correspondence or business dealings with, or participation in the Offers or promotions of, advertisers/members found in the Michigan Landlord magazine, including payment and delivery of related goods or services, and any other terms, conditions, warranties or representations associated with such dealings, are solely between you and such advertiser/member. Neither the RPOA nor the Michigan Landlord magazine guarantees the existence or continued existence of any Offers, which may change from time to time. You agree to waive and release the RPOA and the Michigan Landlord magazine from and against any and all liability, loss or damage of any sort, incurred as the result of any such dealings with, or as the result of the presence of, any advertisement or promotion within the Michigan Landlord magazine.”
