All Forum Posts by: Bjorik Mutize

At first I was saying no pets, but it turns out pretty much everyone has a dog so I'm trying to be flexible. I lowered rent to $975 on FB and it's $1000 everywhere else, I'm getting roughly equal leads.

I added Internet to the rent as an extra incentive over the competitors, but yes winter is quickly approaching and I'm getting anxious. I have roughly 15 appointments this week so far, not all of them show/most want to reschedule.

Is it smarter to do a 6 month lease to get off winter cycles and then renew 1 year+ starting from spring? Is it normal for you to wait 1+ weeks to get a unit rented? I feel like it's not that long but also feel like I'm not getting a lot of luck with quality people.

You are coming into a tougher rental period but i think your mindset on triggers to stay competitive will help. Remember concessions are sometimes key.

Are you using property management? Would you be willing to use PM to at least help fill the unit?

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Hey Welcome to the site!

I'd definitely check out High Performance Habits by Brendan B, Book on Low and No Money Down Investing by Brandon Turner, and The One Thing by Gary Keller.

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FHA and other first time home buyers programs would probably be your best bet for loan options. Popular route to get started is the 5% Home Possible first then 3.5% on your second. These programs are great to get started for A LOT of new home buyers with diverse personal criteria

Do you currently have a full time job and some form of reserves? Hows your credit?

Plus you can always network and form a partnership with someone who has the variables you need. :)

Good Luck to you and excited you are getting started. Message me with any questions!

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Calling all those from the Lakes area! Including but not limited to Wayzata, Minnetonka, Edina, Eden Prairie etc. Hopefully aiming to reach all lake area cities and local Real Estate investors.

Group for anyone looking to make connections around the area. Networking and Goal sharing, come one come all!

https://www.meetup.com/MN-Lake-Areas-Real-Estate-Investing-Meetup/

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@Account Closed Just beginning in buy and holds for time being with 1 single family and 1 multifamily so far. Exciting road ahead!

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CPA recommendation contact @Austin Hendrickson

Extremely helpful.

I also have a great attorney based in the twin-cities please PM for details.

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I foresee a a lot of flack during the conversation to get rid of the dog.

Either way i'd say honestly communicate the situation to your tenant high level, if and then proceed to 30 day notice then go from there.

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All Forum Posts by: Bjorik Mutize

Bjorik Mutize has started 20 posts and replied 524 times.

Post: MN Lake Areas Investing Meetup

Post: Newcomer to real estate market

Post: Would you use legal zoom to create a LLC?

Post: How long does it usually take to Rent a unit?

Post: 24 y/o investor from Los Angeles; Any tips for starting out??

Post: How to get a loan with little income

Post: MN Lake Areas Investing Meetup

Post: Are You Keeping Your Powder Dry?

Post: Looking for attorney and CPA in Minneapolis/St Paul area

Post: New landlord - Current tenant has a Pitbull, best way to proceed