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Advantage PlusCollective apartment association tenant screening is a new technique that some associations are using to manage the flow of tenants into their buildings and neighborhood. Here is how it works: All building owners agree to collective tenant … [Read more]
Short Sale vs Foreclosure
I get this question all the time, short sale vs foreclosure. It usually goes something like this: "Do you get a better deal with a short sale or with a foreclosure." Before I give you my answer, let's review the foreclosure time line and … [Read more]
Screening Tenants for Rental Property
Here is a recent question I received: "When screening tenants, if they have bad credit but a solid rental history would you rent to them? Do you recommend credit checks or focus more on criminal and rental history." I originally just shot back an … [Read more]
Low Ball Offers on Homes
Making low ball offers on homes in the retail market is not much different from writing a low ball offer on bank owned foreclosure properties. Although many of my original thoughts remain, I still get many questions about this process. One example … [Read more]
Fair Market Rent Evaluation
Determining Fair Market Rent can difficult ascertain at time. Here is a process that can help with the fair market rent evaluation. I had a recent question: "Aside from watching asking prices for rents on places like Craig's list is there a good … [Read more]
Prepping to Sell Investment Property-Revisited
I believe that most real estate investors are probably more excited about the day they will sell investment property, than the day they buy it! I first wrote about this topic back in August 2007. After seeing about 500 more properties since then, I … [Read more]
Investment Properties in the Suburbs
Investment properties in the suburbs must be analyzed just like any other property in the metro Twin Cities, MN. Recently, I asked the readers to send me questions or topics that they are confronted with often. John Gall asked two questions which … [Read more]
Realtor: Keeping the best for himself?
When meeting with new clients, a question often comes up: "How do I know that my Realtor is not keeping all the good deals for himself?". The answer to that question depends upon your Realtor and their trustworthiness and motives, but generally I … [Read more]
Investment Property Maintenance Tricks
Investment property maintenance tricks can make your life easier saving you time now and later. I have not been posting much lately as I have been buried with multiple apartment turnovers. As I mentioned previously, several years ago, I moved many … [Read more]
Expiring Your Leases
Expiring your Leases is something you should think about. Even though I own a lot of investment real estate, I had never put much thought into when my leases expire. I focused on not having multiple leases in the same building expire at the same … [Read more]
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