Archive for category Investing In Rental Property

AASEW Trader’s Corner To Be Held Prior to Monthly Meeting on Monday, March 15th

Mar 13

Posted by Tristan R. Pettit, Esq. in AASEW, Investing In Rental Property | 1 Comment

Are you thinking about buying or selling or trading? Or, maybe you’re just wondering where the RE market is currently at. Or, maybe you know a non-member (future member?) who is. No matter, because all are welcome to join us at the new AASEW Traders’ Corner.

If that isn’t enough, check this out. The Traders’ Corner is also a great place to find a buyer for that truck you no longer need or someone selling their over-supply of rehab materials. Whatever it is that you are looking to find or trying to sell that is related to our business, this is the place to be.

If all of that still isn’t enough, consider the networking possibilities.

When? Monday, March 15th, 6:30 – 7:00 PM
(One half hour before the AASEW General Meeting)

Where? Best Western Motel, 1005 S. Moorland Rd.
(I-94 to Exit 301A, then south 1/4 mile)

We look forward to seeing you there.

AASEW’s Traders’ Corner To Be Introduced on Feb. 15th, Prior to Monthly Membership Meeting.

Feb 9

Posted by Tristan R. Pettit, Esq. in AASEW, Investing In Rental Property | No Comments

The AASEW is constantly striving to make our monthly membership meetings more interactive, informative, and fun for our members.  Toward that end, we have formed a committee comprised of 3 board members (Alan Rusk, Kim Queen & John Coons) to explore and suggest ideas to improve the AASEW’s monthly meetings.  Our attendence has been up over the past year and we want to maintain (and even increase) this trend.

The first of the ideas to be implemented will be the Traders’ Corner.   The Traders’ Corner will meet from 6:30 pm – 7 pm on Monday, February 15, 2010 (and will continue to meet 1/2 hour before the start of the AASEW’s regular monthly meetings) at the Best Wester Hotel located at 1005 S. Moorland Road in Brookfield.

The goal of the Corner is to allow for members to meet and discuss their real estate ”deals.”  If you have a rental property that you are looking to sell or if you would like to purchase additional rental properties – the Traders’ Corner is where you want to be.  Come and tell us about how you found your most recent “deal” and how you analyzed it and determined that it was something that you should go forward with. 

The meeting will be very informal and we will let those in attendence dictate what we talk about.  Ideally we hope this new event will allow members to meet and interact with one another more and allow for all of us to learn from one another.  Our members possess a wealth of real estate knowledge and experience and that is something that the AASEW is hoping will be shared.

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City of Milwaukee’s Rental Rehab Program Offers Investors Funds to Rehabilitate Foreclosed Properties

Jan 20

Posted by Tristan R. Pettit, Esq. in City of Milwaukee, Investing In Rental Property | 5 Comments

In an effort to rid itself of the many abandoned and foreclosed properties throughout the city, Milwaukee’s Neighborhood Stabilization Program (NSP) Rental Rehab Program will provide investors and landlords with financial assistance to rehabilitate foreclosed homes.

According to the flyer that I was given, responsible investor owners and landlords who purchase foreclosed homes in the city of Milwaukee may be eligible for forgivable loans of up to $17,500 per unit (or $35,00 for a duplex) to assist them with repairs to the property.  The funds are made available on a matching funds basis.

The city will be holding an informational seminar on Wednesday, January 27, 2010 from 3:30 – 4:30 pm at the Department of City Development located at 809 N. Broadway in the 1st floor boardroom.

The seminar will provide attendees with additional details as to the program requirements and rehabilitation specifications.

It is requested that all attendees pre-register by sending an email to NSPinfo@Milwaukee.gov. 

Additional information on the program can be found at the www.MilwaukeeHousingHelp.org

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LLC’s – PART 1: Why You Should Consider Using Them To Hold Your Rental Property

Oct 28

Posted by Tristan R. Pettit, Esq. in AASEW, Investing In Rental Property, LLC's | No Comments

 
The AASEW’s October monthly membership meeting focused on the issue of LLC’s and why you should consider using this business entity to hold your rental properties.   Attorney Lydia Chartre of Petrie and Stocking S.C. spoke to the membership about several issues related to LLC’s including:
 
-  Why create an LLC?
 
-  Steps to create an LLC
 
-  Information that an attorney will need to assist you in creating an LLC
 
This meeting had the largest turnout of any AASEW membership meeting in the last 2 years — we had more than 70 people.  Both prior to the meeting and afterwords I received several telephone calls from people that wanted to attend the meeting but were unable to do so.  Because of this I have decided to post Atty. Chartre’s outline that was distributed to everyone in attendance at the meeting.  While you missed a great presentation from my law partner, Lydia, at least you will have the “nuts and bolts” of her presentation. Read the rest of this entry »

“Landlords Feel The Loathing” – Accurate Article On Landlords’ Plight Published in Milwaukee Journal-Sentinel Today

Sep 17

Posted by Tristan R. Pettit, Esq. in CCAP, DNS, Investing In Rental Property, Landlord Licensing / Mandatory Rental Inspections / Residential Rental Certificate Program, Legislation, Rep. Marlin Schneider, Screening Tenants | 2 Comments

Several weeks ago I received a telephone call from Journal Sentinel reporter Patrick McIlheran.  Mr. McIlheran told me that someone had referred him to my blog and after reading some of the posts that he wanted to speak with me as he was in the process of putting together a piece about how the state and the city seem to make the business of landlording more and more difficult.  I was more than happy to assist Mr. McIlheran as this topic comes up regularly during my interactions with clients, and at the the Apartment Association of Southeastern Wisconsin meeting.  Truth be told, most business – not just rental property owners – wonder why the city makes doing business here so difficult and unappealing. Read the rest of this entry »

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DON’T MISS AASEW’S 10th ANNUAL LANDLORD TRADESHOW THIS WEDNESDAY (9-16-09)

Sep 14

Posted by Tristan R. Pettit, Esq. in AASEW, Collections, Evictions, Investing In Rental Property, Notices of Breach, Nuisance Properties, Tenant Damage | No Comments

The Apartment Association of Southeastern Wisconsin (AASEW) is hosting its 10th Annual Tradeshow this Wednesday, September 16, 2009, from 12 noon – 7 pm.  If you are a rental propertyowner, manager or investor you will not want to miss this FREE tradeshow

It will be held at Serb Hall which is located at 5101 W. Oklanhoma Avenue.

The admission is FREE.

Food and snacks will be offerred.

Many vendors that support the rental housing industry will be on hand to answer your questions, such as Wisconsin Legal Blank Co.,, Giertsen Company of Wisconsin, Inc., Oak Creek Plumbing, Inc. and many more. 

There will also be many seminars on topics such as:  the new lead paint renovation rules, causes for eviction and notices terminating tenancy, how to collect tenant debt, nuisance properties, execution of writs of assistance (eviction) by the Sheriff, and how to benefit from 1031 exchanges and more.  The seminars will be followed by a Town Hall Meeting (no, it won’t be about health care) in which 3 members of the industry will answer your questions.

For more information and details please go to www.LandlordTradeShow.com

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AASEW’S Annual Landlord Tradeshow To Be Held On September 16th at Serb Hall

Aug 17

Posted by Tristan R. Pettit, Esq. in AASEW, Collections, Evictions, Investing In Rental Property, Lead-Based Paint, Remodeling, Tenant Damage | No Comments

The Apartment Association of Southeastern Wisconsin’s (AASEW) 10th Annual Landlord Tradeshow and Seminar will be held on Wednesday, September 16, 2009 from 12 noon – 7 pm at American Serb Hall (5101 W. Oklahoma Ave, Milwaukee).

Admission is free for rental property owners and potential owners.  Free food and snacks will be offerred.  This is a great event for landlords, future landlords, property managers, real estate investors, and anyone else interested in learning how to succeed in today’s real estate market. Read the rest of this entry »

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