Investing your money in property can be a hugely rewarding venture. Regular income, consistent potential to increase your monthly yield and the prospect of a major profit when you sell all make for good arguments. That’s not even mentioning the potential tax deductions. But do you know what you’re looking for when considering your first…
In Focus: How Can Family Lawyers Benefit From a Partnership with Simply Residential?
Our family law partners get to experience a rare benefit that many overlook when dealing with divorce and other contractual negotiations — when your client has a real estate asset that neither party wants, or one that is undervalued, the services of a property management company can make a bad situation much better. Your client…
So, You Want to Purchase Your Second Investment Property
Owning investment rental properties can be trying. It requires patience, research, excellent interpersonal skills and a financial stability that allows for things to, on occasion, go wrong. But if you find yourself successfully balancing all the aspects of being a landlord and want more, then you might want to think about investing in another property. It…
Understanding Minnesota’s Cold Weather Rule
This post was written by Jeff O’Brien for Simply Residential Property Management Magazine. In Minnesota, when temperatures dip in late fall, a law known as the “Cold Weather Rule” kicks in. The Cold Weather Rule set forth in Minnesota Statute Section 216B.096 is designed to protect tenants and homeowners from having their heat source permanently…
Temporary Housing for Your Tenants: A Guide
Life as a landlord can be stressful at times. Take the temporary relocation of tenants as an example. Despite your best efforts to prevent or foresee an issue arising in the property, something has come up that requires your tenants to temporarily relocate. You’re already worried about the cost of repairs to the property, but…
What You Should Know About Rental Properties and Tax Deductions
Rental properties offer bigger tax deductions and tax breaks than most other investments. For this reason, we find that it’s important to keep our owners up to speed on what they need to know for tax season. Here are a few of the things you may be able to deduct as a landlord or rental…
