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Landlords: Read your Leases!

By scottficek 396 days ago from http://minnesotainvestmentrealestate.com

Landlords, when is the last time you read your standard lease from start to finish? Should I dare say that some of you have never read it? Your lease is your contract with tenant. Why are you just coasting along with any old lease?

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Tags: landlord leases tenants investment property rental


Who do you call when your Investment Property is on Fire?

By scottficek 396 days ago from http://minnesotainvestmentrealestate.com

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 you have a plan?

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Tags: investment property landlord tenants rentals real estate


Using MySpace to screen tenants : The Property Pundit

By scottficek 371 days ago from http://thepropertypundit.com

When I read Steve's post at The Property Pundit, I couldn't help but smile from ear to ear. When he takes applications for his apartments, he searches the Internet to see if the prospective tenant have an on-line identity. In one case he came across a prospect that was advertising her erotic services on Craig's List! Oh boy!

Probably th

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Tags: investment property landlord tenants rentals real estate


7 Ways to Generate More Income from Single Family Investment Properties | Minnesota Investment Property Blog

By scottficek 262 days ago from http://www.minnesotainvestmentrealestate.com

Many people buy investment property not really knowing how much they should be making in cash flow per month. Unfortunately, single family houses are the most difficult to try and increase your monthly cash flow. Scott Ficek gives us 7 different ways to either increase your income or decrease your expenses on your Minnesota I

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Tags: investment property landlord tenants rentals real estate single family houses minnesota investment property


Raising Investment Property Rent | Minnesota Investment Property Blog

By scottficek 237 days ago from http://www.minnesotainvestmentrealestate.com

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. Every landlord faces this situation. Here are some tips and tricks to getting the rent increase

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Tags: investment property landlord tenants rentals real estate single family houses minnesota investment property rent leases


Get your Properties Ready for the Snow

By scottficek 393 days ago from http://minnesotainvestmentrealestate.com

Time to get your investment properties ready for the winter. Every year I say I am going to do it earlier in the fall and I end up waiting until November (and do it when it is an emergency). Why not tackle those projects and prep items when the we

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Tags: investment property landlord tenants rentals real estate


What to do if your tenant won’t leave! | Minnesota Investment Property Blog

By scottficek 253 days ago from http://www.minnesotainvestmentrealestate.com

If you own investment property long enough, you may run into the day when one of your tenants just won't leave, even when their lease has expired. There are many twists and turns in this drama. By being prepared as early in the process as possible with good contingencies, you should be able to avoid the “What Now!”. I have

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Tags: minnesota investment property landlord tenants rentals real estate leases


Investment Property Partnerships | Minnesota Investment Property Blog

By scottficek 237 days ago from http://www.minnesotainvestmentrealestate.com

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

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Tags: investment property landlord tenants rentals real estate


7 Questions to Ask Your Investment Property Realtor

By scottficek 237 days ago from http://www.minnesotainvestmentrealestate.com

Just like many industries, Real Estate requires specialization. Because the markets and property types are so broad, it is difficult to be an expert at all areas. Plus, if you are looking to spend your hard earned savings on an investment property, wouldn't you want an expert/specialist? Here are 7 questions that every real

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Tags: investment property landlord tenants rentals real estate single family houses minnesota investment property realtor foreclosures


Power Lease Clauses for your Investment Property | Minnesota Investment Property Blog

By scottficek 254 days ago from http://www.minnesotainvestmentrealestate.com

When you own investment property, you lease is usually the only relationship you have with your tenant. Unfortunately, many landlords take that relationship too lightly and simply do not put in the time to understand what is written in their leases and put any teeth into it. In this post, Scott Ficek outlines 10 different add

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Tags: minnesota investment property landlord tenants rentals real estate evicitions scott ficek