All Forum Posts by: Craig Fitzsimmons

Sam Torvinen - no luck yet, but showings are more active. It’s a duplex off John Ave in Superior.

Michael Schraepfer - they’ve had 5-6 showings, but many of them were before the new flooring went in...and the old stuff wasn’t pretty! Of those 5-6, I believe 2 applied. One went silent and the other didn’t meet criteria.

Thanks for all of the feedback! I know winter timing is playing a factor in the process. Rent is at $875 + all utilities other than trash. I like the idea of 1/2 off first month’s rent!

Sure did, and wouldn’t have had it any other way. It motivated me and showed me the meaning of working hard for your money!

Happy New Year, all! I’m having a hard time filling one of my units in the Duluth, MN/Superior, WI market. It’s the only 3/2 unit I have, and I’m wondering if it is generally harder to fill 3/2s than 2/1s. I’ve replaced all of the flooring, dropped the price 3 times and my PM still hasn’t been able to rent it. For those of you with 3/2s and 2/1s, what do you see? Thanks in advance! Craig

@Lori D - I give my tenant a $25/month discount to cover lawn and snow. I provide a basic mower and shovel. It ends up being a win-win because we both save!

@Kurt Pauley - I live in the Minneapolis area and have been intrigued by the Omaha market. What type(s) of properties do you have there? Do you use a local PM? Let me know if you’re open to connecting over a coffee. Craig

1). Increase from 6 units to >15. 2). Have cash flow surpass 6k/month. 3). Buy my first student rental.

Corey Robert Leet - The city of Duluth is starting to make me a bit nervous! They seem to be cracking down on a lot of REI-related areas. My Superior property does very well. It’s a large duplex (3/2 up and 2/1 down) that rents for $1700 total and all utilities are split. I’m curious, how do you handle snow and lawn care for the student rental? Do they cover utilities also?

Corey Robert Leet - I’m going to follow this post because I’m also looking at various MN cities for student rentals, St Cloud included. I have one duplex in Duluth and one in Superior. How has your Duluth student rental done for you?