​As of March 23, 2025, the real estate landscape continues to evolve, with certain markets demonstrating notable growth and potential. Here are some of the top real estate markets to watch in 2025:​
Colorado Springs, Colorado
Ranked as the top housing market by Realtor.com, Colorado Springs benefits from its scenic beauty and proximity to military installations, attracting both residents and investors. ​Realtor
Miami, Florida
Known for its vibrant culture and economic growth, Miami continues to be a hotspot for real estate, offering diverse opportunities for investors. ​
Virginia Beach, Virginia
With its coastal appeal and steady economic development, Virginia Beach has emerged as a promising market for real estate investments. ​Realtor
Richmond, Virginia
Richmond's rich history and growing economy make it an attractive destination for real estate investors seeking stable returns. ​Zillow
Phoenix, Arizona
Phoenix's rapid population growth and expanding job market continue to drive its real estate market upward. ​
These markets have been identified based on factors such as economic growth, housing demand, and investment potential. Investors are encouraged to conduct thorough research and consider local market conditions when making investment decisions.

✅ Why Rental Properties Can Be a Good Investment:

1. Steady Cash Flow – Monthly rental income can provide consistent passive income.
2. Appreciation – Over time, property values tend to increase, building equity.
3. Tax Benefits – You can deduct mortgage interest, property taxes, maintenance costs, and depreciation.
4. Hedge Against Inflation – As the cost of living rises, so can rent prices.
5. Control Over Investment – Unlike stocks, you control how you manage, improve, or grow your investment.

⚠️ Things to Consider (Potential Risks):

1. Upfront Costs – Down payment, closing costs, and property improvements can be expensive.
2. Ongoing Maintenance – Repairs, vacancies, and bad tenants can eat into profits.
3. Market Fluctuations – Property values can go down, especially in declining markets.
4. Time-Intensive – Managing a rental isn’t always passive—consider hiring property management.
5. Financing Challenges – Investment property loans typically have higher interest rates.

💡 Bottom Line: Rental property is a solid long-term investment if you’re ready to manage the responsibilities, choose a good location, and run the numbers carefully. It’s not 100% passive, but it can build wealth, provide cash flow, and serve as a diversification tool in your portfolio.

S​mart home technology has gained significant popularity over the past few years, but whether it's worth the investment depends on various factors, such as your lifestyle, budget, and long-term goals. Here's a breakdown of the pros and cons to help you evaluate if it's the right move for you:
Pros of Smart Home Technology:

1. Convenience
   • Automation: Set schedules for lights, thermostats, and appliances. For example, your thermostat can adjust the temperature based on your routine, and lights can be turned off automatically when you leave.
   • Remote Control: Control devices like security cameras, lights, or even kitchen appliances via your phone from anywhere.
2. Energy Efficiency
   • Smart Thermostats: Devices like the Nest thermostat learn your schedule and can adjust the temperature when you’re not at home, saving on energy bills.
   • Smart Lighting: LED smart bulbs can be dimmed or turned off remotely, preventing unnecessary energy usage.
3. Security & Safety
   • Cameras and Sensors: Security systems with smart cameras, doorbells, and motion detectors can provide peace of mind, especially when you can monitor them remotely.
   • Smart Locks: Keyless entry and remote locking features enhance home security.
   • Smoke and Carbon Monoxide Detectors: Some smart detectors can alert you to potential hazards even when you're not home.
4. Increased Property Value
   • In some markets, having smart home technology may boost the appeal of your property and could increase its resale value. Smart homes are often seen as modern and up-to-date with current technology trends.

Cons of Smart Home Technology:

1. Initial Investment
   • High Setup Costs: The cost of buying and installing smart home devices (thermostats, security cameras, lights, etc.) can add up quickly.
   • Subscription Fees: Some systems, especially security ones, require ongoing subscription fees for cloud storage or monitoring services.
2. Compatibility Issues
   • Integration Challenges: Not all smart devices are compatible with each other, which can make it challenging to integrate various devices into one cohesive system. Choosing a particular platform (Amazon Alexa, Google Assistant, Apple HomeKit) might limit your device options.
3. Privacy Concerns
   • Data Collection: Many smart devices collect data about your behavior and home usage patterns. This data can be valuable for companies, but it also raises concerns about privacy and how this information is used or stored.
4. Dependence on Internet Connectivity
   • If your internet goes down, most smart home devices become ineffective. A stable internet connection is crucial for the seamless operation of many smart systems.

Is It Worth the Investment?

• For Tech Enthusiasts: If you love staying ahead with the latest gadgets and enjoy the convenience of voice-activated commands, remote access, and automation, smart home technology can be highly valuable.
• For Practical Users: If you prioritize energy savings, enhanced security, and improved home management, the investment can pay off over time. However, it’s important to start small and gradually build your smart home to avoid overspending.
• For Resale: In markets where smart homes are in demand, it could make sense to invest in smart devices, knowing they may add value when you sell.

Ultimately, the decision comes down to your specific needs and priorities. If you're looking for a high level of convenience, energy savings, and security, smart home technology is a solid investment. However, if you’re concerned about the initial cost or privacy issues, it might not be the right time for you.

Both short-term rentals (STRs) and long-term rentals (LTRs) can be profitable, but the best option depends on factors like location, management style, and financial goals.
Short-Term Rentals (STRs) – Higher Income, More Work✅ Pros:

• Higher nightly rates can generate more revenue.
• Flexibility to adjust pricing based on demand.
• Personal use of the property when vacant.

❌ Cons:

• Higher turnover and operational costs (cleaning, furnishing, marketing).
• Seasonal fluctuations can impact income.
• More regulations and restrictions in some areas.

Long-Term Rentals (LTRs) – Steady Income, Lower Effort✅ Pros:

• Consistent, predictable monthly income.
• Lower management costs (fewer turnovers and maintenance needs).
• Easier financing options from lenders.

❌ Cons:

• Lower rental rates compared to short-term rentals.
• Less flexibility (leases lock you in for months or years).
• Tenant issues can lead to potential evictions or long vacancies.

Which is More Profitable?

• STRs can yield higher profits in tourist-friendly areas with strong demand.
• LTRs provide stability and passive income with fewer headaches.
• Hybrid strategies (e.g., mid-term rentals) can blend both benefits.

Homeowners in Kalamazoo County have access to several property tax relief programs designed to reduce their tax burden. Here are some options to consider:
1. Principal Residence Exemption (PRE)Homeowners who occupy their property as their principal residence may qualify for the Principal Residence Exemption (PRE), which can significantly reduce property taxes. To apply, submit a Principal Residence Exemption Affidavit to your local city or township assessor. Assessors verify eligibility and report adjustments to the Kalamazoo County Treasurer’s Office.
kalcounty.gov

2. Property Tax Reduction for Low-Income Residents-Kalamazoo residents meeting specific income and asset guidelines can apply for a property tax reduction for the current year. This exemption is temporary and must be renewed annually. Applications should be submitted to the City Assessor's Office before the Board of Review sessions in March, July, or December.
kalamazoocity.org

3. Property Tax Exemption for Non-Profit Organizations-Libraries and charitable, scientific, educational, or religious organizations may apply for a property tax exemption. Applications must be received by January 31 of the year the exemption is sought. Approved exemptions continue as long as the property is owned and occupied by the applicant for its intended purpose.
kalamazoocity.org

4. Property Tax Exemption for Disabled Veterans-Michigan offers a property tax exemption for 100% disabled veterans or their un-remarried surviving spouses. Eligible individuals must own and use the property as their primary residence.
michigan.gov

5. Michigan Homeowner Assistance Fund (MIHAF)Homeowners facing financial hardship due to the COVID-19 pandemic may qualify for assistance through the Michigan Homeowner Assistance Fund (MIHAF). This program provides up to $25,000 to help with mortgage delinquencies, property tax arrearages, and other housing-related expenses. To apply, visit the MIHAF website or call 211 for assistance.
secondwavemedia.com

6. State Emergency Relief (SER)- Michigan's State Emergency Relief (SER) program offers funds to homeowners at risk of losing their homes due to delinquent property taxes. Eligible applicants can receive up to $2,000 in lifetime assistance for home ownership services. Contact your county Department of Health and Human Services (DHHS) office to apply.
canr.msu.edu

7. Services for Seniors-Senior homeowners may be entitled to a homestead property tax credit equal to up to 100% of the amount their property taxes exceed 3.5% of their income, up to $1,200.
Michigan Legislature

For personalized assistance or more information on these programs, contact the Kalamazoo County Treasurer’s Office or your local city or township assessor. If all of these options have been exhausted please feel free to reach out to us for assistance.