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Rental Management GuysShould you accept Section 8 or not? Many new investors are nervous about the program as they have heard horror stories about it. Tenants that are on Section 8 are the same in every way (and must be treated the same way), but some or all of … [Read more]
What to do if your tenant won’t leave!
You decide to not renew your tenant's lease for any number of good reasons (noise complaints, consistently late payments, dirty apartment, etc). After you notify them of your decision, they stop taking your calls and don't answer the door when you … [Read more]
Buying Investment Real Estate in Clusters
Almost 80% of my investment property is within 10 minutes of my house. More importantly, I have 2 "clusters" of investment properties where the bulk of my properties are located. Conversely, I have met investors that own 1 duplex 30 minutes south of … [Read more]
Fastest Way to Acquire 10 Investment Properties
I was talking with a new investor yesterday and he asked: "What is the fastest way to acquire 10 investment properties?" I think there are several questions and a couple answers to this question: Questions: Why do you want to own 10 … [Read more]
2013 Minnesota Certificate of Rent Paid
Oh it is that time of year again. Boy does that sneak up on me. I can't believe we are already past the holidays and into 2014. If you are new to the game, each year in January we as landlords need to fill out what is called a Certificate of Rent … [Read more]
Who do you call when your Investment Property is on Fire?
That is easy---911...but who do you call when you are on the beach in Acapulco and the water heater at your investment property dies? Or more importantly, who do your tenants call when the water heater dies and you are out of cell phone range? Do … [Read more]
Satellite versus Cable at your Investment Property
It is that age old argument, satellite versus cable. Not as old as Coke versus Pepsi or McDonald's versus Burger King, but it does come up. As a landlord, your goal is to protect your asset; your Investment Property. While cable can add unsightly … [Read more]
Investment Property Maintenance 101
It is interesting when I tour investment property in Minnesota and especially in Minneapolis. You can often tell right from the curb which landlords maintain their properties and which do not. As a real estate agent and an investor, I am more often … [Read more]
Are You Leaving Money on the Table?
How did you decide what to charge for rent in your apartments? Do you rent them quickly or do you show them to dozens of people only to get a tenant once you lower the rent? Maybe you need to check what the other comparable properties are renting … [Read more]
Tips to Having a Good Handyman
Tenants and Toilets are the two key complaints that most landlords talk about. I believe that having a dependable, thorough, and honest handyman that has good workmanship is an absolute must whether you own 2 or 20 investment properties. Your … [Read more]
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