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Rental Management Guys
So you are a landlord and you are thinking about some security cameras for your apartment building. Maybe you are having issues with vandalism, vagrants, break-ins, or other issues. Installing cameras may be an excellent way to both figure out what … [Read more]
Grow Your Rental Portfolio
Are you looking to grow your rental portfolio? Maybe you have 1 property and want to get to 4. Maybe you have a couple duplexes and want to get to 20 units. Managing a couple units yourself is pretty simple. Once you get above 4 you need to have … [Read more]
Capital Improvements with the St. Paul Rent Cap
We have been talking at length about how landlords are supposed to make capital improvements with the St. Paul rent cap. If you can only raise rent by 3% each year and you charge $1000 for rent, how can you replace the kitchen cabinets for $2000 … [Read more]
Hire a Property Manager or Self-Manage?
I was reading my news feed and came across a thought provoking article by Pine Financial Group named: Rental Properties: Property Manager vs Self-Management. The author, Scott Craft, makes some good points to help the reader decide if … [Read more]
Hold Over Tenants
What are hold over tenants? I wrote what to do if you tenant won't leave a number of years ago. It is time to refresh and expand that discussion. A hold-over tenant may be called different things in different jurisdiction, but it is when a … [Read more]
Evict Your Tenant for Non-Payment
You have tried everything, but have decided that it is time to evict your tenant for non-payment of rent. While I have written about this previously, a lot has changed in the post-COVID times. With evictions currently taking 2-4 months to get to … [Read more]
Real Estate Underwriting
If you are looking to build your real estate empire, you need to learn about real estate underwriting. This is a fancy term for doing the financial analysis and modeling on a target property that you maybe interested in acquiring. This is critical … [Read more]
Landlord Retaliation
You may not have heard the term landlord retaliation before, but this is a legal term for behavior such as any type of eviction, threat, harassment, charge, or other discrimination against a tenant for exercising their legal right. Examples of this … [Read more]
Notice to Vacate
What is a notice to vacate and when/how do you use it? In Minnesota, a notice to vacate is a notice by either party (but generally considered to be used by landlord) to give tenant notice to move out in writing. This is used when a tenant in a … [Read more]
Minneapolis Trash Special Pickup
There is a little known trash service if you own a property in Minneapolis. It is called a special pickup. Recently I had a tenant that was evicted. She left 4 couches, 2 beds, multiple dressers, 10 bags of clothes, 20 bags of garbage, tires, baby … [Read more]
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