Buying and Owning East Lansing Rental Properties

Rental properties in the East Lansing, MI area are hot commodities. With MSU's sprawling picturesque campus right outside their door, students flock to the East Lansing area looking for housing. Purchasing an East Lansing rental property is a sound investment for novice and expert investors alike. Parents of future MSU students also choose to invest in East Lansing homes to save on rental costs for their undergrad while potentially profiting from other rooms that are rented within the home.

The first step to purchasing East Lansing rental housing is to get educated. Look below for the ins and outs of owning a rental property in East Lansing.

• Rental licenses are required and it is illegal to rent an East Lansing home without a license.
• The property must meet inspection criteria to receive a rental license.
• Inspections are performed annually for all non-owner occupied East Lansing rental houses.
• Rental houses have licensed occupancy standards, which must be adhered to.

About East Lansing Rental Property Inspections

As the owner of rental property, it is your responsibility to schedule rental inspections. The City of East Lansing Code Enforcement and Neighborhood Conservation (CENC) office recommends that you contact them 3 months before your license is due to expire.

East Lansing property inspectors use the International Property Maintenance Code (IPMC). It is often a good idea to view this code prior to inspection. Visit the CENC office in East Lansing or the East Lansing Public Library to check it out for free. You can also pick up an inspection guideline at the CENC office to gain a better idea of specific focus areas.

 For more information on owning a rental property in East Lansing, MI - visit the City of East Lansing's Rental Overview page.

Are you thinking about purchasing an East Lansing rental property?

View my current rental home listings here. Check out my previously sold rental properties here.