Monday, May 16, 2016

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Luxury Apartments in Minneapolis Boutique 28: Luxury Boutique Apartments Minneapolis -Located in the heart of Minneapolis’ Uptown Neighborhood, Boutique 28 offers a luxurious & private escape from the fast paced world around us.

The exclusive forty-two private residences were designed to the highest standards set by developers Drew Levin & Danny Perkins, stars of HGTV’s Renovate To Rent.

The building has a posh modern-classic style offering a variety of unique & open layouts. From spacious live-work units to expansive two-story penthouses w/ private rooftop decks, Boutique 28’s creative living spaces sets itself apart from the basic box apartments seen too often in many impersonal larger buildings.

Boutique 28
2817 Girard Avenue South
Minneapolis, MN 55408
Phone: 612-924-7119

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Maximizing Profit on Investment Your Property

Real estate investing provides an excellent source of income, be it a small or big investment. Many people decide to invest in the real estate because they believe that the value of real estate rarely depreciates. It is a sound investment as compared to the stock market. There are many different ways to maximize your profit on an investment property. It does not only involve repair, improvement, and maintenance but a whole lot of things. Take into consideration the tips below so that you can increase your chances of enjoying a significant return on investment. 

Hiring property management firms

Hiring a property management firm does play a crucial role in maximizing your profit. New real estate investors don’t give importance to property management because they feel like it is just an additional expense for them. The truth is property management company can be a big help, especially if you have limited knowledge in fixing a home, or you simply don’t have much time handling your investment property. The property management firm makes sure that your property is in top shape making it appealing to your prospects.

Screening prospective tenants

Suppose you have a rental property and you rely mainly on the rent every month to pay for the property. There will be a tendency that you unconsciously allow bad tenants because you don’t want the property to be vacant for so long, but you have to keep in mind that bad tenants can cause more harm than good. Their behavior can drive away good tenants. Hence, it is important to screen thoroughly your prospect tenants. As much as possible, you should establish a minimum income requirement for your prospect tenants. It will also be a big help if you ask for proof of income and character reference from past landlords. 

 Do the necessary repair

Property rentals should be kept in excellent living condition at all times. If you don’t have a property management firm, then you should do the updating all by yourself. Make sure that the property is clean at all times. Do the necessary repair including painting, electrical connection, plumbing system, and the likes. You should also make the property not just clean but a safe place to live in. Minor repair would only take days to weeks. Once you see minor wear and tear, you should immediately address the issue before the damage gets big and irreversible. If the damage takes months to repair, then you will inevitably end up losing money.

Maximizing your profit on investment property can be done in many ways. You just need to know and understand what you are doing. Some investors are lucky to be born with investment skills, but even the most experienced real estate investors do need the help of like-minded people. If you wish to improve your knowledge of real estate, then you should contact Dean Graziosi. He is a successful real estate broker, an entrepreneur, an author, and a famous TV personality. Dean Graziosi has been buying, fixing, and flipping real estate properties in the United States for nearly two decades.

 Dean Graziosi's Free Book