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...]
Fair Market Rent Evaluation
I had a recent question: "Aside from watching asking prices for rents on places like Craig's list is there a good way to determine the fair market value in a given city or area for a property?" Determining Fair Market Rent can difficult to figure … [Read more...]
Tenants Withholding Rent until Repairs are Made
Withholding rent until repairs are made by the landlord is a strategy that some tenants will use to forgo or delay paying rent. Although this is a legal maneuver in the state of Minnesota, the tenant must follow strict guidelines or be subject to … [Read more...]
Renting to Friends
I know it is very common for people to rent their homes or apartments to friends. I suspect that like most things in life, 80% of those rental relationships do just fine. I probably just here about the 20% that do not. Here are some tips to making … [Read more...]
Realtor: Keeping the best for himself?
When meeting with new clients, a question often comes up: "How do I know that my Realtor is not keeping all the good deals for himself?". The answer to that question depends upon your Realtor and their trustworthiness and motives, but generally I … [Read more...]
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