THE BUSINESS OF REAL ESTATE

MI landlord resources

Gaines rental market

Rental-market planning in Gaines, Michigan, with state-law references and operating examples.

Dataset review pending. These supplied references have not been independently verified. Educational information only, not legal, tax or financial advice.

The local rental snapshot

Supplied Zillow Observed Rent Index, 2026-09-30. ZORI describes typical asking rent in its sample, not the rent or income of your property.

Typical monthly rent
$2,135
Metro
Grand Rapids-Kentwood, MI
County in dataset
Kent County

The comparison figure is $1,521. It is the median of the supplied city ZORI figures within Michigan, not a statewide household-rent statistic. This location is 40.4% above that comparison.

Operating examples at this rent

Annual gross, 12 paid months
$25,620
One vacant week, annualized
$493
Example 3× income threshold
$6,405

These are calculations, not forecasts or client results. Gross rent excludes vacancy, repairs, taxes, insurance, financing and management. The income threshold is an illustrative policy, not a legal requirement or recommendation. Review local screening restrictions and fair housing obligations before using it.

Deposit limits and notice periods below come from the Michigan dataset, not independent Gaines ordinances. A rental in this market may be subject to additional municipal rules or exceptions. Confirm the exact address and applicable jurisdiction with the relevant office.

Calvin Cannon Jr. at his desk with a Philadelphia board behind him
Calvin Cannon Jr., The Business of Real Estate. Coaching photograph, not a property in Gaines.

Michigan: Security deposits

Security deposit shall not exceed 1 1/2 months' rent (MCL 554.602).

Michigan's security deposit act (MCL 554.601 et seq.) does not require interest.

The uploaded dataset lists a deposit-return period of 30 days. Review the cited rule for the applicable conditions and timing.

Michigan: Notices and tenancy endings

Written demand for possession; tenant who fails to pay within 7 days of service may be subject to recovery of possession (MCL 600.5714(1)(a)).

Terminating a month-to-month tenancy requires notice equal to the rent interval , 1 month (~30 days) (MCL 554.134(1)).

Court listed in the supplied dataset: District Court (summary proceedings, MCL ch. 600 ch. 57).

Michigan: Rent regulation

MCL 123.411(2) bars a local unit from controlling the amount of rent for private residential property.

Michigan: Licensing and registration

No statewide rental license; registration/certificate-of-compliance is imposed locally.

Michigan: Lease disclosures and receipts

Lead paint (federal, pre-1978)

Truth in Renting Act notice and disclosure of the address for notices (MCL 554.634; Truth in Renting Act)

No statewide rent-receipt requirement identified.

Sources supplied for Michigan

Dates below are verification dates claimed in the uploaded dataset, not a new review by Calvin's team.

Offices listed in the dataset

Landlord education in Michigan