The federal government has imposed new water heater regulations that will hit property owners in their wallet. Starting in April 2015, all new water heaters must be anywhere from 3%-30% more energy-efficient. To comply with these new federally … [Read more...]
Appliance Service Plan or Not?
I have come across many examples of landlords that require, in their lease, that the tenants carry an appliance service plan on the furnace, water heater, and kitchen and laundry appliances. In Minnesota, this is called Centerpoint Energy Service … [Read more...]
Investment Property Maintenance Tricks
Investment property maintenance tricks can make your life easier saving you time now and later. I have not been posting much lately as I have been buried with multiple apartment turnovers. As I mentioned previously, several years ago, I moved many … [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...]
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...]