Grand Rapids vacancy rates

[Ryan Richmond]

Hi all,

This is my 1st post so hello all!  Glad to be here.  Mostly, I am curious about the current climate and what others are seeing in, specifically east Grand Rapids, MI but also GR as a whole.  I have a duplex that has been open for about 30 days.  This seems too long to me.

I purchased the duplex in June.  Hired a property manager in July.  It needed a little work and I missed the college window.  Background, I sold a house in Creston and used a 1031 to purchase the duplex in East GR near Calvin College.  The duplex is clean and livable but certainly not new construction.  I live in Raleigh, NC but grew up in Kalamazoo and bought in GR because cash flow is better than in Raleigh. 

Thanks, Ryan

[Jake Thomas]

If it isn't renting it's the PM company or it's way overpriced. Vacancy rates are at an all-time low in GR.  

If you are not getting multiple applicants there must be an issue.