We are seeing more and more application fraud every day. Some of it is rudimentary like claiming they live with friends and family when we can see they have been renting somewhere. Others are more sophisticated and are using stolen identities. I … [Read more...]
Selling Rental Property with Tenants
Here are some tips and tricks to selling your rental property with tenants still in it. Maybe you own a single family house or maybe a large apartment building. Do you empty the property before putting it on the market or sell it with tenants in … [Read more...]
Working With Subsidies
While not all landlords will work with subsidies throughout their career, certain areas, price points and types of properties are more prone to having residents with subsidies. What are some tips and tricks to working with subsidies at your rental … [Read more...]
Security Cameras for Apartments
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...]
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