All Forum Posts by: Jon Loca

hello.  @Hal Cranmer, have you ever considered assisted living in Minnesota? 

I have a rental property that I purchased in October 2015. I have been and continue to rehab it, in other words I've never tried to rent the property. My question is if I can take my improvements and maintenance costs for the property in 2016 instead of 2015?

driveatank.com or indoor trampoline park

I think it really depends on the area of north you buy. I would recommend looking on the Minneapolis crime map to get an idea of what the different neighborhood are like. If you end up in a class D neighborhoods I would expect to get familiar with the section 8 program. But I think there are a lot of good neighborhoods in north, though they won't be selling at the discount you'd see in the bad parts of north. I'm actually buying, rehabbing, and renting a property in north with my father close to 53rd and Fremont. So I'll be able to tell you much better in 3 months. However, though the rent returns may be better you can bet appreciation will be much lower, so I think the decision plays into your financial strategy as well

Minneapolis Landlords, 

I'm looking for a person or company to handle emergency repairs. I have 1 duplex in North East Minneapolis and will be buying more in the future. I would like to have a contact lined up for situation such as a pipe bursting at 3am. Any advice or suggestions would be much appreciated. 

Thanks everyone for the responses!!!

I agree with you Jennifer for that I'm trying to weight the pros and cons and see if people have done this successfully

I do think the rental rate is fair but I also know the neighborhood is becoming more desirable and from the people who I met at my showings many of them were frustrated with how much rental demand there was

Hello BP, 

I have my property up for rent and I've received a bunch of interest and a bunch of rental applications. I want to know if I can call the applicants and see if they'd be willing to pay more rent because of the amount of demand? Has anyone done this before?

Thank you Steve and Ryan for your responses.