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Minnesota Investment Property BlogMinnesota Investment Property BlogHow to find, buy, own, and manage investment properties in Minnesota. Articles
Scam: How to Sell Your House in 5 Days-Update
2008-06-06 05:48:00 Back in November, I came across an article that talked about how this writer saw an ad on Craig’s list for a property that was 50% below the market price for the neighborhood. It had him intrigued. He proceeded to check out the upcoming open house only to find out that it appeared ... More About: House , Update , Days , Sell , Scam
Give Me Your Investment Property Questions
2008-06-04 08:04:00 Most of the content for this blog comes from questions from my customers. They feed me topics that I think many of you would like to hear. Back in November, I had posted a request for investment property questions and had great response. So, I am opening my ears for another round. Send me your investment ... More About: Questions , Property , Investment , Investment Property , Give
Investment Property Maintenance Tricks
2008-06-01 23:55:00 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 of my lease end dates to May 31. Subsequently this can be a busy time of year for me. While I was helping my handyman on a overhaul that we ... More About: Property , Investment , Investment Property , Tricks , Maintenance
Coming Soon to Your Local Crack House Near You
2008-05-31 07:20:00 A little Friday Night Investment Property Humor. I was driving down the road the other day and pulled up beside this big black piece of equipment. I snapped a couple pictures below. It appears to be a construction Bobcat (small dirt mover) outfitted with bullet proof glass and a crazy shield on the front. ... More About: House , Local , Crack
Storms Hit Investment Properties in Hugo Minnesota
2008-05-27 07:07:00 If you were watching the news over the holiday weekend, you may have seen the storms that ripped through Hugo , Minnesota . It was sad that a 2 year old boy was killed, many houses were destroyed, and several people injured. Several other investors and I own properties in the same neighborhood as the ... More About: Investment , Properties
Once a Bad Tenant, Always a Bad Tenant
2008-05-23 08:38:00 I have been beating myself up lately over my bad tenants. In the last 30 days, I have had to evict one tenant for non-payment of rent after only 6 months, ask another to leave at the end of the month after repeated police calls (and probably not collect their past due rent), and threaten ... More About: Tenants
Stupid Property Repairs #5
2008-05-21 18:14:00 I suppose it is tough to say this is a Stupid Repair, as all the houses of this vintage (pre 1950) were built this way. It is more about how various investment property owners have attempted (and I am using that term generously) to deal with this troublesome bathroom feature. Back when many of the properties in ... More About: Property
Foreclosure Data and Reports
2008-05-20 04:12:00 Foreclosure Data and Reports Mortgage Crisis Continues To Affect MN Communities A report by HousingLink shows that the foreclosure crisis continues to be a problem for communities across Minnesota. According to HousingLink?s projections, over 28,000 Minnesotans will lose their homes to foreclosure in 2008. In greater Minnesota, the highest rates of foreclosure are in counties surrounding the ... More About: Foreclosure
Scott?s Investment Real Estate Blog Reading List
2008-05-16 07:38:00 Being an ex-geek (or is it recovering geek?), I try to keep myself up on much of the latest technology [previous to my current career as a Real Estate Agent and Investor, I was the Sr. Director of Information Systems for Caribou Coffee]. I am especially interested in the web, blogging, and search engine ... More About: Reading , Real Estate , Investment , Blog
Pay Down The Credit Cards or Buy An Investment Property?
2008-05-15 07:30:00 Chris over at Kansas City Real Estate Investing has a great post that many people don’t think about. Go on over and check out why it may be better to pay down your credit cards than to Buy An Investment Property . Have you always wanted to buy investment property, but never knew where to start? ... More About: Credit Cards , Credit , Investment Property
Foreclosures and Then Some
2008-05-13 07:01:00 Everything you ever wanted to know about Foreclosures , but was afraid to ask! Previously, I have written a couple posts about foreclosures, especially how they relate to investment properties. Most of my topic was information I have gleaned from training and talking with other agents. I came across a monster of a resource regarding ...
Tenant Application-Red Flags Example
2008-05-08 06:56:00 Here is an example of a recent email exchange that I had with someone interested in my 2 bedroom plus loft, new construction townhouse in Forest Lake, MN. I was using Craig’s List to rent this property. I decided to post the exchange so you can notice the interesting way they are trying ... More About: Application , Leasing
Done With Short Sales
2008-05-07 07:08:00 I probably look at 100 investment properties per week on a busy week. These days, 90% of the properties I tour are bank owned or REO properties. Every so often one comes up that is a short sale. Initially, I was pretty excited by short sales. Here were properties that were ... More About: Sales , Short
Don?t Just Let Yourself In To Your Investment Property
2008-05-06 06:25:00 Amy Dickinson is a great read over at the Star Tribune. She writes a column called Rent in the Homes section and takes email questions from readers and answers them. I suppose you could say she is kind of like a Dear Abby for renters and landlords! A recent one article I found funny and ... More About: Property , Investment , Investment Property
Stupid Property Repairs #4.5
2008-05-02 15:55:00 After last week’s Stupid Property Repair #4, it seems to be the week for notches out of doors. This next one I just found at very nice, but vacant single family house in St. Paul. This property could be a good investment for a single family rental as it was priced at $165k. I ...
Investment Property Accounting
2008-05-01 15:43:00 Managing the income and expenses of your Minnesota investment properties is probably as important as managing your tenants. Sadly, I realized that although I touched on it briefly when I talked about managing 28 investment properties, I have never really discussed how to set up and do the accounting for your property investment business. Investment ... More About: Property , Investment Property , Accounting
Rent Your Property During the Republican National Convention
2008-04-29 14:11:00 Rent Your Property During the Republican National Convention Do you or a client own property near the Xcel Energy Center in St. Paul? GOP Convention Strategies has contacted us seeking assistance placing their clients near Xcel Energy Center during the 2008 Republican National Convention (RNC) event. You ...
Stupid Property Repairs #4
2008-04-25 08:21:00 I thought that I would give North Minneapolis Investment Properties a break this week. Unfortunately, I didn’t have to go far to find another funny installation. I was in South Minneapolis looking at a very nice $230k duplex. Although this property was in foreclosure, it was very well maintained with a perfectly ... More About: Property , Stupid
Advertising your Minnesota Investment Property Using Craig?s List
2008-04-23 18:25:00 Craig’s List is an excellent place to advertise your investment property vacancies. I wrote a post about doing Reverse Prospecting for Tenants on Craig’s List about 6 months ago. Although this is a very effective way to find new tenants, you should plan to post your apartment for rent. Here are a ... More About: Minnesota , Advertising , Property , Investment , Investment Property
Next Investor Club Meeting-May 7
2008-04-22 04:34:00 Our next investor club meeting will be Wednesday, May 7 at the City of Bloomington Cultural Arts Center at 1800 W. Old Shakopee Road, Bloomington. The meeting will run from 6:00-8:00 with 6:00-6:30 reserved for networking. This meeting our topic will be “Capitalizing on the Foreclosure Market by buying Rehabs”. Matt May and Josh Benson will ... More About: Investor , Club , Meeting
New Minneapolis Rental License Fees
2008-04-21 04:56:00 For those of you buying single family houses in Minneapolis , this may affect you, please read on. On March 18, the Minneapolis City Council enacted a new rental license fee called a “Rental Dwelling Conversion Fee“. This new fee is a one-time fee of $1000 when you convert a property from homestead to ... More About: Fees , License
Satellite versus Cable at your Minnesota Investment Property
2008-04-15 22:16:00 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 black cables running up the outside walls of ... More About: Minnesota , Satellite , Investment Property
What I Would Like to Say to Wannabe Real Estate Investors, but Shouldn?t
2008-04-15 06:30:00 “Get up and do something, anything! What are you waiting for?” I never rant on this blog. I never put people down (except stupid property repairs). I never want to upset anyone. Maybe I need to step outside of my Minnesota nice exterior and introduce you to a pattern interrupt. If you have ... More About: Estate , Real Estate , Real , Investors
Stupid Property Repairs #3
2008-04-12 08:20:00 I am naming this issue: “The Stupid Property Repair in the Pink House” Again, when looking at North Minneapolis Investment Property, (which lately seems to be the place for stupid property repairs, but I am not going down that road to figure out why!), I found this gem. But, let’s talk about pink for a minute… ...
Next Investment Property 101 Seminar
2008-04-11 07:46:00 Our next Investment Property 101 seminar will be next week on Wednesday, April 16 in Burnsville, 6:30 pm to 8:00 pm. From his experience of owning 15 rental properties, Ryan O’Neill will teach you a concrete, non-infomercial way to build wealth through real estate. This seminar will be a one and a half hour presentation in ... More About: Investment Property , Seminar
Investment Property Partnerships
2008-04-09 09:45:00 In any business you will find partnerships. Sometimes they are built originally from friendships, sometimes they are between complete strangers. Regardless of their origin, partnerships can create a huge synergy by drawing on each of the partners strengths and bolstering their weaknesses. Conversely, I have seen some miserable partnerships that rival celebrity ... More About: Property , Investment , Investment Property
Foreclosure Prevention Workshops
2008-04-08 04:30:00 Although I hope none of you are in this situation, I thought it would be good to pass along this information: St. Paul and the Minnesota Home Ownership Center are sponsoring a series of foreclosure prevention workshops for people who are concerned about making mortgage payments, know someone who is in trouble or just want more ... More About: Foreclosure , Prevention , Workshops
Raising Investment Property Rent
2008-04-04 04:30:00 Here is a great question that I received today: “Obviously this can only be done when the lease renews, but how do you decide when and how much to raise the rent on your tenants?” As you imagine, that can be a touchy subject. I think raising the rent depends upon a couple items: If ... More About: Property , Investment , Investment Property , Rent , Leasing
7 Questions to Ask Your Realtor About Investment Property-My Response
2008-04-01 06:36:00 Several days ago, I referred to a great post by Chris Lengquist’s at Kansas City Real Estate Investing named: 7 Questions To Ask Your REALTOR Before Looking For Investment Property . If you have read my blog for any length of time, you may have noticed that I don’t do much (if any) self ... More About: Investment Property , Realtor
Stupid Property Repairs #2
More articles from this author:2008-03-28 17:28:00 I will be the first one to admit that I am not very good at sheetrocking and taping. I don’t do it often enough and it takes a bit of finesse that I just don’t have. Well, whoever was attempting to do this repair is obviously not qualified to even pick up a ... More About: Property , Stupid 1, 2, 3, 4 |
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