All Forum Posts by: Todd M.

I have 4 plex in which I pay heat. gas. The 4 units have digital thermostats that are capped to 72F.

Is this legal? Does anyone know what the minimum cap is? especially in Minnesota? I'm searching online and can't find any reference.

To be clear of my intentions: I'm not interested in setting it to the absolute lowest... rather I hope to say something like: "legally I can cap it at 68 degrees, but since I'm such a nice guy, i'm capping it at 72. if you'd like the cap adjusted higher than 72, it's an extra $25/month per additional degree in temperature"

Thoughts?

In the case of a bad tenant with a month-to-month that I want to remove, is it simply a matter of not renewing the 30 day lease?

I'm wondering if it is too good to be true! Is it really that easy with a month-to-month or am I missing something?

Hi,
This is my first post and I'm looking for opinions/suggestions on going with 1 year lease vs. month-to-month leases for my tenants.

background:
I have two properties in "not great" neighborhoods. In other words, 98% of prospective tenants have some kind of story on how their convictions or UDs were not their fault. Maybe you know what I mean?

Anyhow, I've never had to evict anyone yet, but I'm sure it will happen some day as I'm a buy-and-hold and do the PM myself
.
Until recently I had always assumed 1 year leases were good until my screening company recently suggested a borderline application could be signed up for month-to-month lease. Going with a month-to-month would decrease my risk of having a bad tenant. This way, I can give them 30 days notice to move out rather than go the eviction route if there is trouble.

Sounded good to me. Thoughts?

Todd