Over the last 6 months, it seems that every new customer I meet wants to do flips.  None of them want to talk about rental properties, they all want to flip houses.  These are new investors that have never done it before and they have little if no expertise.  It is amazing.

Unfortunately, now is NOT the time to start flipping homes.  The market is very fickle right now.  One week the market is hot, the next it is cold.  As I write this, it is very cold.  All of my flip customers have houses that are sitting and most of these customers are experienced rehabbers.

You don’t want to be holding a property for months waiting for a buyer, all the while the interest is eating up your profit.  Wait until the market firms up, then call me and we will take a shot at teaching you how to rehab and sell homes.

No charge for owners with property in North Minneapolis!

Where: 4th Precinct Community Room
1925 Plymouth Av. N.
Parking in the lot directly across the street, or nearby on avenues crossing Plymouth.

Time:  6pm to 8:30pm

Dates:

Thursday, June 17
Thursday, July 15
Thursday, October 14

(These are the same workshops, please RSVP for only one)

Topics:
ABC’s of Property Management – Presented by Jennifer Olsen with Guardian Property Management.
* Before you hand over the keys–Screening Applicants
* When things go bad–Lease Enforcement
* Terminating a tenancy–Eviction Process and Housing Court

Rental License Requirements of Owners Dealing with Criminal Activity – Luther Krueger, Crime Prevention Analyst
* Conduct on Premises notice process
* Management Plans and Workshops
* Working with the MPD on crime problem-solving in/around your property

Resources Available to Owners and Managers of Rental Property – Lisa Peilen, Minnesota Multihousing Association

Networking with other owners
* The last half hour will be set aside for Q&A, and those able to stay past 8:30 are welcome to keep up the dicsussion.

Space is limited to maximum 40 seated, please RSVP by June 15th to me for the June 17th workshop, and July 13th for the July 15th RPOW–include a current list of your Minneapolis properties.  We are limiting this inviation to north side owners only and due to the high demand citywide will be adding 4 more workshops to fill in the schedule for 2010.

Luther Krueger, Crime Prevention Analyst
Strategic Information and Crime Management Division (SICM)
Minneapolis Police Department
3000 Minnehaha Av. S. + Minneapolis MN 55406
612-673-5371 + Luther.Krueger@ci.Minneapolis.mn.us
For citywide crime stats and MAPS link to: http://www.ci.minneapolis.mn.us/police/crime-statistics/codefor/
For your first contact regarding crime issues in your area link to: http://www.ci.minneapolis.mn.us/police/outreach/docs/safe-staff-map.pdf