Dennis speaks that he would not bring a property up to code if he did not have to. Obviously spoken by an inexperienced homeowner or non investment property owner.
All of the professional and experienced rental property owners know that it is much cheaper in the long run to invest upfront (ie bring up to code at a minimum if not totally remodel). The reason is that your upfront expense is more than offset by the savings in maintenance and service calls you avoid over the subsequent years , as you tend to get a better qualified and more responsible tenant. Steve Meldahl Jordan (work) ----- Original Message ----- From: "Dennis Plante" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]> Sent: Tuesday, September 23, 2003 4:31 PM Subject: RE: [Mpls] what housing inspectors do > Moving the discussion forward. In my opinion, it really isn't a matter of > whether or not the City is staffed properly to conduct the necessary > inspections. It's more a question of where priorities (for the City) lay. > > In the free enterprise system, the cost of doing business (if equal with > your competition) is the cost of doing business period..... As a general > contractor, I pass along a permit fee for work I do in Minneapolis, just as > I do in the other metro cities. It's an assurance on the customer's part > that the work I do is in fact, sound. In short, the City is saving > uneducated customers from themselves. > > If the fees associated with either inspecting a rental property, or work > down by a contractor to a homeowners' property, doesn't adequately cover the > costs associated with performing the service, then maybe the City needs to > address the issue. > > I have never been able to entirely understand, or accept, how it is we allow > rental property owners to obtain a "provisional" (no inspection required) > rental license that lasts forever, as long as the owner continues to pay the > licensing fees and no one else (living in the neighborhood) calls attention > to the property for violations. In most instances, it's not a matter of > ignorance on the part of the landlord. They're fully aware of the process. > It's simply a matter of dollars and cents. Why go to the trouble and cost > associated of bringing your property "up to code", when you don't have to? > In all honesty, if I chose rental property (in the City) as an investment > vehicle, I sure wouldn't. > > Dennis Plante > Jordan > > _________________________________________________________________ > High-speed Internet access as low as $29.95/month (depending on the local > service providers in your area). Click here. https://broadband.msn.com > > REMINDERS: > 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. > 2. Don't feed the troll! Ignore obvious flame-bait. > ________________________________ > > Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy > Post messages to: mailto:[EMAIL PROTECTED] > Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
