Resources
As a property owner you will probably enlist the services of qualified contractors and businesses. We have this list of companies as a service to you. These are companies and contractors who we, or our customers have had good experiences. Please provide feedback to us if you have had experience with any of these service providers, or if you know of any quality businesses we should add to our list.
Disclaimer: Twin Cities Home Rental provides this as a service and takes no responsibility for the contractors, quality of work, or pricing. It is up to you to qualify the contractors/contacts on this referral list.
Mortgage
PHH Mortgage - Mark Meader 651-653-7667
Mortgage and Investment Consultants - Marcus Downs 651-203-1856
Insurance
Northfiled Insurance - Stan Hup - 507-645-8861
State Farm - Tim Wagner 952-935-1141
Remodeling
Waldenwood Ltd - John Miller 952-974-2882
Utilities
Xcel Energy 1-800-895-4999
Center Point Energy 612-372-4727
Property Maintenance
PMX 651-331-6630
Legal
"Landlords and Tenants: Rights and Responsibilities" at www.tenant.net/Other_Areas/Minnesota/handhead.html
Housing Agencies
Housing Link provides affordable housing information for the Twin Cities area at 612-520-9233 or www.housinglink.org
Property owners may be able to advertise on the web site free of charge.
Organization
Systems are critical to any business success story. For each property we suggest creating individual files for the following categories:
Expenses - Maintenance, Property Taxes, Utilities, Mortgage, Insurance, Etc.
Income - Property Management Statements
Bank Accounts & Monthly Statements
Tenant Information/Lease Copies/Certificates of Rent Paid
Tax Filing
Purchase Agreement, Note, Mortgage, Deed, HUD
Company Docs (LLC), Permits, Tax Documents, Insurance Binder
Property Management Agreements/Marketing Information
Checklists/Forms (Inspection Reports, Maintenance Checklists, etc.)
Web Sites
Many have been recommended by Money Magazine and the National Association of Realtors.
Minnesota and National Networking clubs
- MINNEAPOLIS ASSOCIATION OF REALTORS (MAR)
- NATIONAL ASSOCIATION OF REALTORS (NAR)
- MINNESOTA REAL ESTATE EXCHANGORS (MREE)
- NATIONAL COUNCIL OF EXHCANGORS (NCE)
- MINNESOTA REAL ESTATE INVESTORS ASSOCIATION (MNREIA)
- MINNEAPOLIS REAL ESTATE INVESTORS ASSOCIATION (MPLSREIA)
- NATIONAL REAL ESTATE INVESTORS ASSOCIATION (NREIA)
- NATIONAL ASSOCIATION OF CONDO HOTEL OWNERS (NACHO)
- ST. PAUL ASSOCIATION OF RESPONSIBLE LANDLORDS (SPARL)
- MINNESOTA MULTI HOUSING ASSOCIATION (MMHA)
Recommended Books on the Real Estate Industry
1. Never Eat Alone: And Other Secrets to Success, One Relationship at a Time by Keith Ferrazzi and Tahl Raz (2005)
2. Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki and Sharon L. Lechter (2000)
3. High Trust Selling: Make More Money in Less Time with Less Stress by Todd Duncan (2007)
4. Now, Discover Your Strengths by Marcus Buckingham and Donald O. Clifton (2001)
5. Founders at Work: Stories of Startups Early Days by Jessica Livingston (2008)
6. The Millionaire Real Estate Agent: Its Not About the Moneys About Being the Best You Can Be! by Gary Keller, Dave Jenks, and Jay Papasan (2004)
7. The Millionaire Real Estate Investor by Gary keller, Dave Jenks, and Jay Papasan (2005)
8. Missed Fortune: Dispel the Money Myth-Conceptions it Time You Became Wealthy? By Douglas R. Andrew (2004)
9. Missed Fortune 101: A Starter Kit to Becoming a Millionaire by Douglas R. Andrew (2005)
10. SHIFT: How Top Real Estate Agents Tackle Tough Times by Gary Keller, Dave Jenks, and Jay Papasan (2008)
11. The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History by Harry Dent (2009)
12. The Magic of Thinking Big by David Schwartz (1987)
13. Unique Ability: Creating the Life You Want by Catherine Nomura, Julia Waller, and Shannon Waller (2003)
14. How to Master the Art of Selling by Tom Hopkins (2005)
15. The Richest Man in Babylon by George S. Clason (2008)
16. The Ultimate Sales Machine: Turbocharge Your Business with Relentless Focus on 12 Key Strategies by Chet Holmes, Michael Gerber, and Jay Conrad Levinson (2008)
