All Forum Posts by: Dan Vleck

You’ve got really good advice above. Being in the area and getting the same letters from City interns every summer, my lease says tenant is responsible for paying fines imposed by the city for any violation that is tenants responsibility. 

Good luck with your journey. Get connected with landlord meetings in Brainerd if you aren’t going.

With the potential pending market downturn, your best bet is to turn tail and buy lots of gold. kidding 

Where in mn are you?

I see a strong single family rental market for the foreseeable future. I’m buying rental housing.

I recommend you refi the house, and buy another if you can cash flow at least $250/mo after piti.

A rehab for your own house, and you plan to live there forever, go metal. I did.

For rental or flip I’d do asphalt because I don’t think you’ll get a good return on the metal.

I appreciate this discussion as I too feel my properties are overvalued. It seems politicians like raising property taxes on rentals because they get to give the money back to the tenant as property tax refund. 

It’s a racket if you ask me.

I should have added there is no requirement to do pay or quit! Proceed with eviction.

Lawyer is not needed. Eviction is easy enough to diy.  There are several steps involved, but it can be done in a week or two. It depends on what days your local court will take eviction cases. Then you deal with the junk they left behind for another month. 

If you're property is in an LLC, you will likely have to hire an attorney to do it. There is a path around this too, though.

Hi Joe, Yes I got your letter, went on the website and said I was interested in selling my property and got NO response from your end.  Not impressed.  Fine if you aren't interested in buying my land, but your company should be able to respond.

Mn law does not require disclosure!

Should have done a final walkthrough and talked with tenants. Sorry that happened to you but it is a learning opportunity.

I’m curious about the tenant you have lined up for September. Perhaps a student starting college. Is it someone you know? Bad idea to rent to family or friends.  

I got my lease by combining a few that I got from acquaintances. Did not have attorney review it. It did hold up in one eviction.

I don’t think you can legally do it for him. However, I have heard of a couple instances where people do management for out of town owners without realtor license. If you had partial ownership, that would make it legal, I think. Perhaps you could buy into the deal.