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Rental Management Guys
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]
Maple Grove Approves Rental Moratorium
Recently, the City of Maple Grove implemented a 1 year moratorium on any new rental properties. This will take affect on July 1 and prevents single family homes and townhouses from becoming rentals. According to reports, the city has seen a 30% … [Read more]
7 Ways to Increase Rental Property Income
I have yet to meet a landlord that doesn't want to increase rental property income. One of the best ways that I have found is by adding single family houses to your investment real estate portfolio. They are stable, good income producing … [Read more]
Repairs by Tenants
It would be great if tenants paid on time, they stayed forever and if anything broke, the tenant fixed it (and paid for it) themselves. Unfortunately, none of those are really true! Over the years, I have seen a few leases state that the tenant is … [Read more]
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