In 2008, the City of St. Louis Park enacted a "crime-free, drug-free" ordinance that required landlords to terminate leases for three strike in the case of disorderly use or immediately in relation to drug possession and other alleged crimes. The … [Read more...]
Deferred Maintenance on Rental Properties
I see deferred maintenance on rental properties almost daily and wonder if some owners think that their house, duplex or apartment building is self-sufficient. Unfortunately, they are not! Do you never do any upkeep on your own home? Here are some … [Read more...]
6 Ways to Increase the Value of your Rental Property
Most investor do not get into owning rental property for the fun of it. It is hard work. Not to mention frustrating, expensive, annoying, time-consuming and a whole host of other adjectives that I probably should not express uncensored! Most … [Read more...]
Improve your Rental Property Maintenance Process
Each time we take on a new rental property, it always surprises me how many owners are managing their maintenance all ad-hoc. No system, no plan, all reactionary. I think this contributes to added stress and frustration (and probably costs). Let's … [Read more...]
Minneapolis Tiered Rental License Model
Several years ago, a change was made to the Minneapolis tiered rental license model. This is a system by which the city ranks each rental property based upon a number of criteria to place it in a tier. Tier 1 properties generally require very … [Read more...]
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