Landlording for maximum profitability and Financial Independence
To maintain profitability in an investment property, you need to do proper preventative maintenance.
On a tenant turn, you need to check items so that they do not cause you issues later on, when a tenant is actually living in your unit. Maintenance is exponentially more difficult when you have to coordinate your schedule with your tenants. Continue reading “Proper Preventative Maintenance”
Most landlords do an annual lease to start, when it’s time to renew leases, they often have difficulty. Most annual leases turn to a 30-day lease at their expiration. The question is what thought process goes into the method of continuing the tenancy. Continue reading “When and How to Renew Leases”
This is an important question for all landlords. Carpet can be ruined after one tenant, even after only a few months. Laminate flooring is generally more durable, but more expensive. Laminate flooring can also be ruined by water.
Continue reading “Carpet vs Laminate Flooring?”
With 24 rentals, working full time, Property manager and President of the HOA, my own plowing and mowing business, and doing most all of the rental maintenance myself, I can give a few tips on saving money and time in your rentals… Continue reading “Saving Money and Time in your Rentals”
I have received two rent checks already for March. I have not yet checked the rent collection boxes, but I suspect that a few will be in the boxes by tomorrow. I anticipate all 24 rents to be paid by 2/5, which is the late fee date. Most of the rents will be collected by Monday morning, and deposited in the bank. Solid tenants never bounce checks, and I have not had a bounced a check in years. So the monthly accounting goes something like this. Continue reading “Rent Checks Coming in Already!”
Are you settling for a Class ‘D’ tenant on your rental investment, and only getting Class ‘A’ tenant (or worse) returns? Do you wonder why your actual return on your rental investment is not what was projected? Are you looking at how to increase your profitability without selling and moving to a different building? Continue reading “Rental Investment: Maximizing Your Returns”
Apartment Complex Snow Removal. One of my ‘Jobs’ is I manage the property for a 120 unit apartment complex that many of my rentals are located. I am the majority owner, so I get a lot of say in the process. If you are ever an owner in an HOA, be sure to get on the Board. It makes life much easier. Continue reading “Apartment Complex Snow Removal”
A bit about rental maintenance. One of many prospective landlords perceived nightmares. Continue reading “A Day in the Life…Rental Maintenance, Water Heater Repair”
I am a landlord in Minnesota. I have 24 renters, located in Eagan and West St Paul. This is my introduction to landlording and journey…. Continue reading “My Introduction to Landlording, Trial By Fire”
