All Forum Posts by: Dawn Anastasi

*** If you've never been to an AASEW event and are not a member, please let me know and you can attend as a guest for free!**

June's meeting format will breakout sessions around the topic of "Best Practices". We all want those little golden nuggets of useful information on how to run our businesses better. Come listen to landlords talk about their best practices -- including those systems that streamline operations and help everything run smoothly.

You were thinking of my podcast, which was from August of 2013. It's 2019 now. The landscape has changed in Milwaukee. It's very difficult to find properties between $20-$25k even if you're local. The last property I bid on, was listed for around $40k and needed about $30k worth of work. It got 7 bids within 48 hours. 

Are you a current business member of the AASEW? Would you like to be? We are celebrating the fantastic business members that support the AASEW members and hoping to meet a few new ones as well. Do you have a business that would be of interest to local landlords and property managers? If so please join us for this free event to meet and greet other business partners and hear how the association can work with you. Hope to see you there!!

Please register at http://www.aasew.org/aasew-vendor-appreciation-event/

I've purchased 2 properties from the City. Their scope of work is more expensive in some cases than I can get a contractor to do the job for, but on the flip side, they give only the bare minimum to repair the property. I like to go a little above and make my rentals nice.

I use the following:

• Cozy for tenant portal, rent collection, listings, syndication, maintenance requests
• Google Drive/Docs for document storage, spreadsheets
• Google Voice for a phone number that applicants can call
• Sage 100c for accounting

If you create an LLC with another party who brings money to the table, then buys you out of the LLC when the property is closed, that seems like a loophole, however -- these properties are advertised both on the City website and on the MLS. Why wouldn't they just buy from the city directly?

Also keep in mind to buy a City property you need to have gone through the City of Milwaukee training class, and received a completion certificate.

With city owned properties, you need to indicate how you will use the property (owner-occupied, investment property, or to renovate for resale to owner-occupant). There is a clause in the offer "buyer may not assign any rights, or obligations under this Offer without the written consent of Seller."

Also keep in mind that city-owned properties come with deed restrictions.

I'm fine with doing 2-3 a year. I make sure that the properties are rehabbed correctly. New roofs, replace windows, etc. Basically they need to be rehabbed to my level of quality, and that takes time. I'm doing the management of the projects by myself although I've used a project manager a couple times. If I took on any more, I'd feel too swamped.

It is not easy to find properties to buy, rehab, rent out, and flip. I have only been doing about 2-3 a year.

TIME: Registration opens at 7:10 AM. The seminar is 8:30 am to 5:00 pm with a 30 minute break for a complimentary lunch. There will be a one hour question and answer session afterwards, ending promptly at 6:00 pm. Many will find the Q&A invaluable, therefore you may wish to make arrangements to stay until 6 pm.

INCLUDED: 100 plus page manual to help you put what you learn into practice.

REGISTER HERE

You may also register by calling 414-276-7378.

Landlord Boot Camp covers everything that you need to know about residential Landlord Tenant law in Wisconsin, as amended in March 2012 by Act 143, in March 2014, in March 2016 with the passage of ACT 176, and again in March 2018 with ACT 317.

• Members $189
• Non-Members $329
• Boot Camp w/ AASEW Membership $330