Archive for February, 2008

The Best Investment Property Holding Entity is the LLC

Monday, February 11th, 2008

If you’re new here (and you like what you read), you may want to subscribe to my RSS feed. Thanks for visiting!  ScottIt is amazing how often I am asked by people starting in real estate investment: “What type of corporate structure is best for owning investment property“. I hear that question […]

Tenant Screening Checklist

Sunday, February 10th, 2008

Connie Brzowski guest writes an excellent post, on BiggerPockets Blog, outlining a tenant screening checklist/scoring system. It is simple, but effective as it screens each tenant by the same standards. There is very little room for someone to claim discrimination. I would argue that it also keeps you and I from bending or breaking our own rules because the prospective tenant was nice, had a great sob story, or appears to be well intentioned.

Reduce Your Past Due Rent

Tuesday, February 5th, 2008

Every December, I see the past due rent amounts on my investment properties increase. Tenants will call and say that they are going to be short for some reason or another. The honest ones tell me they are going to be paying only part of the rent as they need the rest for […]

Minneapolis Investment Property Slumlord

Sunday, February 3rd, 2008

When I get asked what I do for a living I tell people that I am a real estate agent and I own Investment Property. Probably 50% of the time the listener (trying to be funny), makes some joke about me being a “slumlord”. Truthfully, I can’t stand that term. I believe I […]