Tristan’s Landlord-Tenant Law Blog
GUEST POST: A Brief Overview of Wisconsin Options To Purchase
By Attorney David J. Espin of Petrie + Pettit S.C.Many landlords in Wisconsin are looking for ways to persuade their tenants to put some “skin in the game," and eventually to purchase the property they are renting. Tenants with a financial stake in the property will often take better care of the premises, and are less likely to walk away from their lease obligations. In order to accomplish this, landlords ...
Good News For Rental Property Investors - Rental Weatherization Program Is Eliminated
I apologize for the delay in getting this post published but there is good news for rental property investors -- the much maligned rental weatherization program was eliminated as part of the passing of the state budget (2017 Wisconsin Act 59) which was signed into law on September 21, 2017 and the program will sunset as of January 1, 2018.Back in 1979 the legislature passed a law requiring that all ...
GUEST POST: Views on "Landlords Games" Series and the City of Milwaukee's Task Force on LLC's
This is a Guest Blog Post authored by Tim BalleringRecently the Milwaukee Journal ran a series “Landlord Games" that inaccurately portrayed LLCs as being used simply to avoiding paying property taxes and fines. The result is the Milwaukee Common Council is creating a committee to study LLCs and rental housing. Text of proposal. The rental industry is again, noticeably absent from those invited to the table.View ...
AASEW Meeting: Learn the Ins & Outs of Low Income Tax Credit Financing on July 15th.
You look at conversions such as the knitting factory being turned into loft apartments on the near Southside and you wonder ‘How could they afford to do this, in this market?’The answer is Low Income Tax Credit Financing. A brief overview is you design a project, go to the state (WHEDA) and apply for tax credits. If all goes well and you are approved, you receive federal income tax credits. There ...
AASEW Meeting: Financing Real Estate In Today's Market ---- May 20, 2013
Please join me at the AASEW's next monthly membership meeting where we will discuss Financing Real Estate in Today's Market.When: Monday May 20th, 2013 at 7:00 p.m.Where: The Best Western, 1005 S. Moorland Road, Brookfield 53005Who: Panel of local lending experts. Details below.Cost: This meeting is free for current AASEW members, $25 for guests or expired membersGood deals are more abundant today than ever in the past. But we all ...
AASEW's Next Meeting: How To Buy Rental Property In The New Economy Featuring Joe Dahl - Monday, August 20th
I hope that you all can make it to the next AASEW membership meeting on Monday, August 20th, 2012 starting at 7 PM. Joe Dahl, a young and dynamic local landlord and property manager (and the newest member of the AASEW Board of Directors) will discuss how to successfully invest in real estate in this new economy.Joe has successfully bought rental property using his own money, bank ...
Don't Miss AASEW's Next Meeting Featuring Steve Smullin on Real Estate Trading
Come join us at the next AASEW monthly membership meeting next week.When: Monday May 21st at 7 PMWhere: The Best Western, 1005 S. Moorland Road, in BrookfieldWho: Steven J. Smullin - Real Estate Problem Solving Since 1988.Topic: Real Estate Trading - It's All About the Benes . . . That's the Benefits, not the Benjamins.Cost: Free to current AASEW members, $25 to others. Note: Starting at our May meeting we will be ...
AASEW Offers Realtors & Brokers The Perfect Closing Gift for Their Clients - A Reduced Rate AASEW Membership
For those Realtors and Brokers out there, the AASEW has a perfect closing gift for you to give your clients who just purchased a rental property.Realtors and/or Brokers can purchase an AASEW membership for only $29 through the end of the 2011 membership year for their clients. Your client will appreciate receiving such a gift as it will put them in touch with other landlords and educational opportunities.The AASEW ...
New Report States What Landlords Already Know - That Milwaukee's Regulations Hurt Businesses
This past weekend I read a very interesting report which was drafted by the Institute for Justice as part of its City Study Series entitled Unhappy Days for Milwaukee Entrepeneurs: Brew City Regulations Make It Hard For Businesses To Achieve the High Life.The report is 40 pages long (excluding footnotes) but I encourage everyone to read it. The report touches on the following issues:- How the city rigidly restricts ...
Proposed Bill To Require Landlords To Disclose If Their Rental Property Was A "Meth Lab"
On March 26, 2010, Senators Lena Taylor and Spencer Coggs along with Senator Lehman sponsored 2009 Senate Bill 650. SB 650 will affect both landlords and sellers of real estate in which the drug methamphetamine has been manufactured.The bill requires both owners wishing to sell and landlords wishing to rent property that was used as a "meth lab" in the past to disclose in writing this fact to ...
AASEW Trader's Corner To Be Held Prior to Monthly Meeting on Monday, March 15th
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 ...
Is This The End of Seller Financing For Rental Properties?
I have received this same information from my contacts at the Apartment Association of Southeastern Wisconsin, Inc. (AASEW) and Milwaukee Real Estate Investors Networking Group (RING). If you would ever like to be able to obtain seller financing for your next rental property or if you would like to be the seller that finances the sale of your rental property to some young landlord in the future ...
AASEW's Traders' Corner To Be Introduced on Feb. 15th, Prior to Monthly Membership Meeting.
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 ...
City of Milwaukee's Rental Rehab Program Offers Investors Funds to Rehabilitate Foreclosed Properties
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 ...
LLC's - PART 1: Why You Should Consider Using Them To Hold Your Rental Property
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
"Landlords Feel The Loathing" - Accurate Article On Landlords' Plight Published in Milwaukee Journal-Sentinel Today
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 ...
AASEW MEETING ON HOW TO BUY FORECLOSED PROPERTIES - MAY 18th
Anyone interested in purchasing foreclosed properties will not want to miss the Apartment Association of Southeastern Wisconsin's upcoming monthly meeting on Monday, May 18, 2009 at 7 pm at the Best Western Midway Hotel located at 1005 S. Moorland Rd. in Brookfield.Attorney James Mulligan, an expert in the area of foreclosures, will be the key note speaker and will discuss how to purchase foreclosed properties as well as provide us ...