NE Minneapolis has strong rental demand, but no area is hot in the Winter.

Started this investment mainly as a weather change from Iowa in the winter. 

Look at the PM contract and verify the 8% is all inclusive and that there are not additional charges for placing a tenant, resigning a tenant, inspections, and dealing with vendors/contractors.  

You should have an opt-out of the contract too, so if there is anything that you are not being represented correctly on you can opt-out of it as well. 

This is a fairly basic question that any seller should be willing to answer even before you sign a sales contract.

@Jae Yoo you should read your PM contract very thoroughly or even hire an attorney to do so, before thinking you can just break it.How would you feel if a tenant just broke their lease with you?

I’ve been working exclusively in my local market since October and am excited to share that I already have a couple of deals under contract!

Turned a single family house that was poorly marketed but in a great area of my city, listed mid-winter where there's less competition, into a duplex for all intensive purposes and used airbnb to rent out rooms.

Are you in a market where water lines could freeze in the winter if there’s no heat?

Congrats on getting under contract for your first rental property—that’s a huge milestone!