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Rental Management GuysIn Minnesota paying interest on investment property security deposits is required. Here is the state statute on it. I hope I am "preaching to the choir" when I remind everyone that in Minnesota, you must pay your tenant interest on the security … [Read more]
Reverse Prospecting for Tenants
Have you ever heard of reverse prospecting for tenants? Hopefully, as a landlord, you are already using Craig's List to find new tenants. This is a free and powerful tool to quickly advertise your apartment openings. I have good success for most … [Read more]
Frozen Minneapolis Foreclosures
The weather has really been rough here in lately for Minneapolis foreclosures. If it is not snowing, the temp is below zero! It makes it rough on showing houses. The cold weather also takes its toll on foreclosed vacant houses, especially ones … [Read more]
Apartment Association Tenant Screening
Collective apartment association tenant screening is a new technique that some associations are using to manage the flow of tenants into their buildings and neighborhood. Here is how it works: All building owners agree to collective tenant … [Read more]
After Hours Service Calls from Your Investment Property
The majority of my customers are new investors. The most successful ones want to know everything about not only how to buy an investment property, but how to own one and be a successful landlord. A frequent question that I get asked is: "How often … [Read more]
Advertising your Investment Property Using Craig’s List
Advertising your investment property using Craig’s List is something you should seriously consider. Craig's List is an excellent place to advertise your investment property vacancies. I wrote a post about doing Reverse Prospecting for Tenants on … [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]
Painting Your Rental Property
How are you painting your rental property? This may seem like a simple question, but I see so many variations of how landlords handle one of the most important updates. It is one of the first things that prospective tenants will notice when you are … [Read more]
Finding Houses to Flip
After all your flipping prep work, your first step is to generate leads on your road to finding houses to flip. Unfortunately, not all leads will end in you buying a property to be flipped. Many leads will be dead ends for various reasons including … [Read more]
Stupid Property Repairs #1
I have always preached that if you are going to do a repair on your investment property, do it correctly. You don't need to put in top notch materials, but do it right. When you skimp and try to get by with a cheap repair, you are always going to be … [Read more]
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