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Rental Management GuysAdvertising 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]
Rental Property Fire
A rental property fire can happen, what do you do? This is a new one for me. In the last 30 days, two different customers have had a rental property fire! I swear I had nothing to do with it. One happened because of faulty wiring in the attic … [Read more]
Making Low Ball Offers
What is the norm for making low ball offers on homes? I have been getting this question more and more every day with my customers. I answered that question a long time ago about Low Ball offers on foreclosed properties. That is current my number 1 … [Read more]
Calling Rental References
Calling rental references should be a common practice, so why aren't you calling me? I lose 8-12 tenants per year (both by my choice and by their choice). In the last 4 years, that I have owned the majority of my properties, I have probably … [Read more]
Paying Interest on Investment Property Security Deposits
In 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]
Investment Property Partnerships
I have seen investment property partnerships very often in my career. Just like in any business you will find partnerships. Sometimes they are built originally from friendships, sometimes they are between complete strangers. Regardless of their … [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]
Why Buy Investment Property anywhere but Minnesota?
I know I am going to get some comments from readers in other parts of the country that you should buy investment property in their state! My point is not that anywhere BUT Minnesota is bad. It is just that I often get the question from new … [Read more]
Minnesota Investment Property Search
When I am looking for Minnesota investment property for customers, I am not only looking for properties that have the best prices, I am also looking for investment properties that have certain features. Some of those features are: Tenant paid … [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]
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