Property Management in Lathrup Village, MI
Own a rental in Lathrup Village? Median gross rent across Oakland County runs $1,319 a month against rental vacancy near 6.5%. JMZ leases and manages it end to end — marketing, screening, rent, maintenance and accounting.
Guaranteed Rent Program: once we place and approve a tenant, we pay your rent every month for 12 months — even if that tenant stops paying.
JMZ Management is a full-service Lathrup Village, MI property management company handling leasing, tenant screening, rent collection, maintenance and accounting for single-family homes, condos and small multifamily. Lathrup Village sits in Oakland County. Median gross rent across Oakland County is $1,319/mo, and about 8% of occupied homes in Lathrup Village are renter-occupied. JMZ averages 17 days to lease, and its Guaranteed Rent Program pays the owner’s rent for 12 months if a JMZ-placed, JMZ-approved tenant stops paying.
This is an automated estimate from published market data — not an offer. Our market research manager will review your Lathrup Village address and reach out with a precise rent figure, usually within one business day.
What the numbers say about renting in Lathrup Village
Lathrup Village carries roughly 1,552 occupied homes, 8% of them rented, with rental vacancy near 6.5%. Median household income runs about 1.30× the Detroit–Warren–Dearborn metro median, which shapes both what the renter pool can qualify for and how long tenancies last. The cells below are Lathrup Village-level where we have researched them and Oakland County-level otherwise — each one says which.
Own versus rent in Lathrup Village
Occupied households in Lathrup Village, split by tenure.
About 1,552 occupied homes, with a further 6.5% of rental stock vacant at any time.
What rent looks like by product
Directional ranges for Lathrup Village, built from the Oakland County median and unit type.
Sources: U.S. Census Bureau American Community Survey 2019–2023 5-year estimates (median gross rent, median home value, tenure, household income, rental vacancy, population), reported for Lathrup Village where the cell says so and for Oakland County otherwise. Figures are rounded. Product-type rent ranges are directional estimates based on the median and unit type; your free rental analysis prices your specific address.
Owning a rental in Lathrup Village
Local rental rules. The City of Lathrup Village requires every rental unit to be registered annually and to hold a landlord license, which is issued only after an inspection by the building official finds the unit code compliant. The ordinance covers single- and two-family dwellings, apartments and other rental structures, and additional inspections may be required on complaint.
Requirements and fees change, so JMZ confirms the current rules with the city for every property it onboards. See the city’s official rental page.
What your Lathrup Village rental earns depends on what it is
Lathrup Village is served by ZIP code 48076. Estimated monthly rent by home type:
| Product type | Est. monthly rent |
|---|---|
| One-bedroom apartment or condo | $1,025–$1,250 |
| Two-bedroom apartment, condo or duplex | $1,250–$1,550 |
| Three-bedroom single-family home | $1,650–$2,100 |
| Four-bedroom or premium single-family | $2,050–$2,700 |
Directional ranges from Oakland County medians. JMZ prices each Lathrup Village home from comparable signed leases nearby.
Empty days cost more than management does
JMZ leases homes in 17 days on average. Move the slider to your Lathrup Village rent to see what a shorter vacancy is worth.
Assumes one turnover a year and a 45-day self-managed vacancy. Illustrative only, not a guarantee.
Full-service management from Novi, about 13 miles from Lathrup Village
Our office is at 12 Mile and Haggerty in Novi, about 13 miles from Lathrup Village, so showings, maintenance visits and Oakland County court filings are handled locally.
- Marketing, photos and listing syndication
- Tenant screening in line with fair housing law
- Michigan-compliant leases and renewals
- Online rent collection and owner statements
- Maintenance with owner approval over $500
- Evictions and Lathrup Village rental registration
Guaranteed rent for Lathrup Village owners
When JMZ places a tenant in your Lathrup Village property and approves that tenant for the program, JMZ pays your rent every month for 12 months, even if the tenant does not. The guarantee is a separate agreement with its own terms and fees.
See if my property qualifiesAnswers, straight
What can I rent my Lathrup Village property for?
Median gross rent across Oakland County is $1,319 a month, but that blends apartments and houses together. A three-bedroom single-family home in Lathrup Village typically runs $1,650–$2,100. JMZ prices from comparable signed leases within about a mile of your address.
Does Lathrup Village require a rental registration or inspection?
The City of Lathrup Village requires every rental unit to be registered annually and to hold a landlord license, which is issued only after an inspection by the building official finds the unit code compliant. The ordinance covers single- and two-family dwellings, apartments and other rental structures, and additional inspections may be required on complaint. Official source.
How long will my Lathrup Village rental sit vacant?
The JMZ portfolio average is 17 days from listing to signed lease, against 98.4% occupancy across more than 1,000 properties. Rental vacancy across Oakland County runs about 6.5%, so correctly priced homes lease in weeks rather than months.
How much does property management cost in Lathrup Village, MI?
JMZ charges 10% of monthly rent with a $100 monthly minimum. When JMZ fills a vacancy, the residential leasing fee is the first month’s rent; there is no leasing fee when a tenant is already in place. See full pricing.
More owner questions are answered in the JMZ owner FAQ.
Where Lathrup Village fits in our service area
Lathrup Village sits in Oakland County, about 13 miles from our Novi office. The map shows Lathrup Village and the nearest communities we manage.
JMZ serves 51 communities in Oakland County. See every Oakland County community or all of Metro Detroit.
Find out what your Lathrup Village property should rent for
No fee, no obligation. We will pull comparable Lathrup Village leases, tell you what your property should rent for, and be straight with you about whether it fits our portfolio.
Request your Lathrup Village rental analysis
Or call 248-284-6990. 40020 W 12 Mile Rd, Novi, MI 48377.