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]]>From friction to stability: How resident financial health protects NOI. Watch the full webinar here.
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These fast-growing companies span a wide range of industries, from real estate and construction to retail, health care and automotive. There's a swim school, a meat importer, an RV dealer and an aerospace simulator, to name a few.
The 50 companies on this list saw revenue increase by an average of roughly 150% between 2019 and 2024. They brought in a collective $42 billion in revenue last year alone. As employers, they cut paychecks to more than 13,000 workers in Southeast Michigan.
A note about how Crain's compiled the 2025 Fast 50 list: This year, we followed a new methodology to better highlight rapidly growing companies that may not be industry giants yet. The list now ranks Southeast Michigan companies solely by the percentage at which their revenue grew between 2019 and 2024, so long as they started with at least $100,000. That's a change from last year, when we considered the dollar amount of the companies' revenue growth — an approach that tended to favor larger, more established businesses. By focusing on the rate of growth alone, the list now sheds light on smaller companies experiencing rapid acceleration.
As a result, many of the companies on this list were founded in the last 10 or 20 years, though some have been around for five to 10 decades. One dates all the way back to 1853.
To qualify, companies must be headquartered in Wayne, Oakland, Macomb, Livingston or Washtenaw counties. They must have been founded before Dec. 31, 2018, and reported at least $100,000 in revenue in 2019 and $5 million in 2024. Eligible companies were allowed one year of declining revenue during that period, so long as it wasn’t 2024.
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]]>Here are some of the most important questions to ask before you take the plunge:
Are you a clean freak? Ok, so maybe you don’t want to word it that way, but you know what we mean. Depending upon your own cleaning style, you want to make sure that expectations are realistic on both sides. Are you on the same page? Does one of you want to take the lead in cleaning common areas because it’s THAT important?
And how do you both feel about dishes in the sink? Cleanliness (or the lack thereof) can cause some serious issues, so it’s important to decide what you can live with and tackle this early in the search process.
Do you frequently have people spend the night? Picture going to the kitchen right after you roll out of bed and finding another person who isn’t your roommate standing there. How does that make you feel?
Alternatively, if you consistently have a significant other spend the night, or even just pals that regularly crash on your couch, you ought to make it clear so the potential roommate can decide if that’s the life for them.
Do you have pets? This isn’t something anyone wants to be surprised by if a furry friend makes an unexpected appearance. If there is a pet involved on either side, make sure to set boundaries you’re both comfortable enforcing. And if you both have pets, be sure they can live together, too.
How do you like to divide things up? This can go for anything including rent, utilities, cleaning, even food. If you’re expecting to have all of your food to yourself and your roommate eats it freely, that’s on you for not setting expectations early on! Make sure you know how you’ll divide all the necessary details and that you’re both good with the arrangement.
How much will you be home? This particular question is a good one to determine the expected noise level, or even if this person expects to hang out with you a lot. Do they work from home? Travel a lot? Expect you to take care of their stuff (or pets) if they’re gone all the time?
Are you a smoker or do you use drugs? If you have allergies or are averse to the smell of smoke, this is a must-ask question. Also, you need to know, in all honestly, if drugs are going to be done in the apartment—and owe it to the other individual to let them know if you will be doing them.
How do you like to set the thermostat? If you love it cold, you know that someone who wants the apartment to be 75 degrees every day is going to be a problem for you. This would also be a good time to talk about whether you like to leave windows open or if you’re a heater/air conditioner kind of person.
What kind of furniture do you have and want to use? Maybe you don’t have enough to furnish your own place, or you already have a set plan for using all of your stuff. You need to discuss whether someone will need to pay for storage, how to blend your pieces together to ensure a cozy atmosphere or whether you’ll have a totally empty living room because neither of you owns a couch! We’d certainly expect the other person to supply their own bed, but beyond that, all bets are off.
Are you able to consistently pay your share of rent and apartment-related bills? Out of all the of questions, this is really the most important one. You certainly don’t want to get into a situation where you’re fronting the cost for both of you to live in your apartment.
You can even go as far as asking for a credit report or for references so you have a better understanding of your potential roommate’s stability.
Do you have any suggestions to add to this list? Tag us on Facebook or Instagram to let us know! And if you haven’t already added your name to any of our waitlists that offer the roommate program (Four Corners Lakeside, The Edge at Oakland or Rochester Club Apartments), be sure to do it now—before we’re completely filled up!
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Unbelievably enough, even in the middle of a pandemic, LR management has continued to grow. At the beginning of 2020, LR had 20 communities under management. At the onset of 2021 LR had 30 communities with several more scheduled to come under management. It is with great enthusiasm LR welcomes the following communities to the growing portfolio:
- The Edge at Oakland in Auburn Hills – 144 units
- West Oaks North Apartments in Southfield (Part of West Oaks) – 56 units
- Pine Ridge Apartments in Southfield – 120 units
- Pier 38 in Fenton – 142 units
- Arbor One Apartments in Ypsilanti – 468 units
- Fountain Park Novi in Novi – 264 units
- Fountain Park Westland in Westland – 448 units
- Fountain Park North in Southgate – 296 units
- Delta Square in Lansing – 144 units
- Rochester Club in Rochester Hills – 330 units
- 4 Corners Lakeside in White Lake – 81 units new build
- Arbor Crossing in Muskegon -112 units
- Kings Pointe Apartment in Warren – 170 units
POISED FOR GROWTH AND ONGOING IMPROVEMENT IN 2021
LR Management continues to grow quickly and anticipates as much growth and opportunity in year 2021.
With growth comes change and LR has plans to continue to roll out new ways to improve operations with the implementation of best practices and utilization of technology. This past year LR rolled out advertising on Zillow, GoHooper landing pages, Instagram pages, and new marketing materials. This year, the plan is to roll out new Yardi resident statements, more social events for our residents, more training programs, and more!
Today, LR provides housing to 20,000 Michiganders and our ongoing commitment is to continue to provide the best hospitality and the best service in Michigan.
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Living Right, Live LR!
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Pilgrim Village, Canton MI
Arbor Club, Ann Arbor MI
Lafayette Park Place, Detroit MI
Regents Court, Westland MI
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