All Forum Posts by: Alyssa Strom

@Naimo Khalif I think if you are set on investing in the Twin Cities you shouldn't completely eliminate Minneapolis or Saint Paul from your search. The suburbs are great too but everyone has that idea now. No investor or landlord loves the direction Minneapolis and Saint Paul has taken but there is still opportunity. Like @LeAnn Riley said a good property manager will help you navigate through the new regulations. Stick to your investing criteria unless it's unreasonable for the Twin Cities right now (finding more than 10% COC anywhere near the metro is like winning the lottery) and continue networking with agents to find the right deal for you.

@Erich Kliewer Second @Sean Blomquist at Pine Financial or Hendrie Grant.

@Raquel D. All I can say is do NOT use CSC ServiceWorks if you go the service route! 

@Justin Woodford Talk to @Tim Swierczek about down payment assistance programs and check into the NeighborhoodLIFT program to help get you a larger down payment. Prices are high and the market is very competitive for MF rentals so the more money you have to work with the better! As @Daniel Anshus said getting pre-approved will help you figure out next steps.

@Daniel Murphy My husband and I really like the Cape Coral/Fort Myers area. We've spent the last few winters down there (1-2 months). Warmer than the Panhandle during the months we want to be down here. Not an expert on FL vacation rentals though, just personal experience! 

@Matthew Kern Yes to providing them to each tenant. Here's what the Department of Revenue's website says:

If you own or manage a rental property and rent living space to someone, you must provide a CRP to each renter if either of the following are true:

• - Property tax was payable in 2020 on the property.
• - The property is tax-exempt, but you made payments in lieu of property taxes.

Welcome @Daniel Schintz! You're in the right place!

@Jenny Erickson Is it in downtown St. Paul, MN? If so, I'd hang on to it for the next year. The condo market has cooled a bit so selling right now may not get you the best price. 

@Cody Pauly Renting a bedroom shouldn't require a license since your owner-occupying but double-check with the City. https://www.northstpaul.org/99...

@Daniel Anshus Great point! To clarify I meant a customized yellow letter/direct mail piece.