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Property Management

How to Avoid Rental Vacancies in the Depths of Winter

The Direct Approach No landlord — especially in Minnesota — wants to deal with a vacancy when it’s 10° degrees outside (or -20° below). How do you prevent that? At least one property manager I know explicitly writes that into their rental lease. If the rental begins any time other than December, January, or February, the...
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The Rental Bluff

“If I Can’t Get My Price . . . I’ll Rent It!” Lots of Buyers’ agents — myself included — have heard that line lately from Listing agents (representing Sellers). How credible is that threat? My take is that it depends on the following variables: –Condition.  The nicer the home, the less believable.  A Seller...
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Should Renters Hire Inspectors?

Rental Repair Risks; or, Becoming an (Unpaid) Property Manager In the history of the world, no one has ever washed a rented car. –Thomas Friedman Until recently, my answer to whether prospective renters should hire (and pay for) a professional inspector would have been “no.” That’s because if something non-trivial breaks, most leases specify that...
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