renters: Renters, I don't know if I can help you - 12/23/13 11:49 PM
A while ago, I wrote about how you may miss your opportunity to buy a home at a great price.  Well, if you didn't buy then, you may have missed that opportunity. 
Although still reasonable compared to historical prices, home prices have crept up in 2013.  The number of homes available at a given price is somewhat restrictive, and the median sales price in this area has increased more than ten percent in the last year.  So, you can expect to spend around ten percent more this year than last for a similar home.  Well, sort of...
The purchase price of … (11 comments)

renters: America is Becoming a Landlord's Delight - 10/28/11 08:46 AM
According to an article by Lawrence Yun there are 1.4 million more renters in America today than a year ago.  This is good news for landlords and aspiring landlords, because the increased demand without corresponding increases in supply translates to higher rents.  If you're thinking about buying some income property, the cash flow projections should become increasingly more attractive.  If you're a renter, you can probably expect to see your landlord with a new truck after he raises your rent.
Given the attitude today in Washington that America will be better off as a nation of renters, investment property looks better … (6 comments)

renters: Dealing with the fears of fence sitting first time buyers - 10/09/11 05:43 AM
People who claim to be home buyers are sometimes not really sold on the idea of leaving the Land of the Bland, the world of temporary housing, the rental world.  At some point in their journey to a better lifestyle, they are slapped by the harsh reality that they are contemplating making the biggest financial commitment in their lives.   Or, are they???
Many of my first time buying clients are limited in their buying power by their previous and ongoing commitments.  The first time buying couple typically have two late model car or truck loans to pay.  The original amount of … (3 comments)

renters: Why are landlords so demanding? - 10/09/11 02:28 AM
If you're a renter, there's a good chance that you have given some thought to owning your own place.  There's also a good chance that part of the reason for wanting to own your own home is the conduct of your landlord.  He will not let you do hardly anything to personalize your home, he won't let you have a dog, he won't let you park your boat in the driveway, and he gets really upset when you're a couple days late with the rent payment.
You're paying your landlord's mortgage, and he is making a profit renting to you.  Why … (6 comments)

renters: Dog food prices are rising. Landlords in Burnsville are taking action - 07/08/11 09:55 AM
Like human food and lots of other things, dog food prices are going through the roof.  If our country would stop trying to make fuel out of everything except natural gas, maybe prices would stabilize or drop, but that's another story.
Today I want to commend landlords everywhere for doing what is necessary to feed their dogs the high quality and healthy food they deserve, even in the face of ridiculously high prices.  Yes, all you had to do to afford the higher dog food prices was raise the rents of your tenants, and that you did with gusto.  Congratulations on … (2 comments)

renters: Thinking about buying a home in the next year or two? Free home buying guide - 02/15/11 03:56 AM
The largest commitment in both money and personal impact on our lives is buying a home.  It's not something that anyone should rush into.  In the last several years, we have all seen the results of poor planning or lack of planning altogether. 
If you're a renter, much of the responsibility of owning a home is already on your shoulders, albeit in a more temporary mode.  You are committed to making a mortgage payment for the duration of your lease.  You don't own the property, but you are still responsible for a share of the mortgage and property tax payments.  Your … (0 comments)

renters: Happy House Hunting Opener -- Did your landlord see his shadow? - 02/02/11 03:25 AM
Here we are, the day renters in Minnesota have been anxiously awaiting.  It's officially Minnesota House Hunting Season, and renters are now seriously considering cutting the shackles that bind them to their landlord.  The lease will be up in May or June, and they usually have to make a decision to escape a month or more before that date.  Now is the time to get started in the hunt.
It was a sunny morning in Minnesota today, and the good news is that your landlord probably didn't see his shadow anyway.  Rumor has it that they have no shadow, no image … (2 comments)

renters: Happy House Hunting Opener -- Did your landlord see his shadow? - 02/02/11 03:08 AM
Here we are, the day renters in Minnesota have been anxiously awaiting.  It's officially Minnesota House Hunting Season, and renters are now seriously considering cutting the shackles that bind them to their landlord.  The lease will be up in May or June, and they usually have to make a decision to escape a month or more before that date.  Now is the time to get started in the hunt.
It was a sunny morning in Minnesota today, and the good news is that your landlord probably didn't see his shadow anyway.  Rumor has it that they have no shadow, no image … (1 comments)

renters: Northfield renters, are you ready for the house hunting opener? - 01/23/11 04:09 AM
We are rapidly closing down on the official Minnesota House Hunting Opener which, of course coincides with Groundhog Day, February 2.  Ten days from today the masses of homebuyers will wake up, fail to see their shadows, and hit the streets to find a place to buy before the lease expires in May. 
There will be some left behind in the rush.  Some folks who are tethered to their landlords will approach the  mandatory declaration of independence deadline prior to lease expiration and sign an extension in a moment of panic.  Why?  Why would anyone want to extend their apartment incarceration … (0 comments)

renters: How does the housing market influence owning your first home? - 01/03/11 02:55 AM
The housing market has been at a monumental low point, and it may remain there for a while.  If you own a home, you are almost certainly aware that the amount of equity in that home has been affected.  If you want to change houses, you have some challenges to face.  It may not be possible to make a change now or in the near future.
If you are a renter, the slow market is an ideal time to break away from the shackles of renting and declare your independence.  The slow market has brought lower prices and more affordability.  Reasonable … (3 comments)

renters: Thanksgiving, once a year for renters -- thirteen times a year for your landlord - 11/25/10 02:50 AM
As a nation, we set aside the fourth Thursday in November to recognize and give thanks for our good fortunes.  In varying degrees, we are thankful for our friends and families and their well-being, and we are thankful for our health, both physically and fiscally.  No matter how good or bad the last year has been we are thankful for some degree of peace and prosperity.  All this is part of our one day a year to reflect.
Some folks actually celebrate their thanksgiving more than a dozen times a year.  Landlords celebrate along with all of us on the nationally … (0 comments)

renters: Burnsville renters, it's time for your landlord's annual review - 11/22/10 09:12 AM
According to city data, there are approximately eight thousand renter occupied homes in Burnsville. If you are one of those eight thousand folks currently helping someone else make a mortgage payment, why not consider giving him an annual review?
Here are a few questions about your landlord that you may want to ask. Actually, you probably know the answer to them, but keep score. Can you count on not having the rent raised in the next few years? Can you decorate any way you want? Can you deduct the property taxes and the interest on the mortgage payment you are making … (0 comments)

renters: Apple Valley renters -- 2,000 chances to fire your landlord - 11/22/10 08:34 AM
According to city data, there are approximately two thousand renter occupied homes in Apple Valley.  If you are one of those two thousand folks currently helping someone else make a mortgage payment, why not consider giving him an annual review? 
Here are a few questions about your landlord that you may want to ask.  Actually, you probably know the answer to them, but keep score.  Can you count on not having the rent raised in the next few years?  Can you decorate any way you want?  Can you deduct the property taxes and the interest on the mortgage payment you are … (0 comments)

 
Mike Carlier, More opinions than you want to hear about. Rainmaker large

Mike Carlier

More opinions than you want to hear about.

Lakeville, MN

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Office: (612) 916-3033

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