All Forum Posts by: Brett Riemensnider

Hey all. I am renewing a lease for one of my tenants and the new lease states he will start covering his own electric and gas. 
Unfortunately it looks like the electric is individually metered, but the gas is not. 

Now we have our new terms coming up and I do not know how to alter the lease. Is this something I am even allowed to do? As stated before, the lease lists gas and electric being paid by tenant. What are my options?

Wish I didn’t have to post this but I am torn on what to do. I bought my first rental in June of 2024 and have had a tenant that has been making late payments since day 1. I have been trying to be understanding but it has been pushing too much. 

My goal was to just take his month late payments and give him a non-renewal when his lease is up. At this point though it is almost February and he still has yet to be December and January. 

What are the best courses of action here? I have sent multiple 14-day possible eviction notices and still nothing. Tenant is profusely sorry and stays in contact, but that does not pay the mortgage. Any advice would be much appreciated thank you. 

Hello everyone. I’m wondering what all I need to provide my tenants with this year as far as taxes are concerned. I bought the property in June, have had 4 renters the first month and then 3 the remaining of the year. One tenant is behind on rent and has still not paid December rent.

I’m seeing mixed things online but looks like I have to file something by the 31st? I’m assuming it’s their renters refund? Any advice on end of the year things I might need to gather is greatly appreciated. Thanks! 

Oh wow ok good to know! So I can hire a PM company to just do the tenant placement part? 

 I paid for the licensing. My crime prevention class was canceled and I’m looking for an update on the rescheduled date. It is a 4 unit so I have been renting 3 since July. I’m just looking for someone to find a good tenant. Or I suppose advice on how to do it myself if I can’t find one. 

Does anyone have a recommendation of a good tenant placement company for my Anoka MN rental? This is my first rental and everything is taking much longer than anticipated. Really just don’t want to have to deal with it myself at the moment. Renovations are almost complete and will be looking to rent out a unit. I do not need a manager, just help with finding a tenant. Any recommendations or insight are appreciated! Thanks! 

Ya it's more of a crutch to soften the blow of a large down payment. $40-$50k out of pocket, HELOC or private money loan for the remaining $20-$30k

Hey everyone. Looking at an upcoming partnership in 2025 and looking to tap into some of my primary homes equity to assist with the down payment. What should I expect for an interest rate on this loan? If I were to sell my house I believe I would pocket around $130k. What does that look like on a HELOC? Any suggestions or advise on HELOC's are greatly appreciated as well. Thanks!

By the way, 3 of the 4 have been rented since I owned the property so yes I suppose the 75% rule could apply then.