With an improving economy people are again looking at buying rentals as another source of investment income. Although I personally like the added control of owning and managing your own investment, there are some things to consider:
Get a security deposit. It’s common to have some ne... continue reading »
Many people take title subject to mineral rights or other restrictions. Most people ignore the details and some worry too much. Here’s the basics you should know about your land or property you are looking to buy.
Minerals – Many titles, especially in Northern Minnesota, are divide... continue reading »
There are many potential issues for building on a lake. Most people understand that there are setback rules for lot lines, roads and lakes. As to lakes, the distances vary depending on the lake classification. Even when you know your classification, the setback is not from the water’s edg... continue reading »
Past articles have discussed the advantages of having your cabin in trust so that you avoid probate. Other articles have talked about why you should hold title in a cabin trust if the cabin is shared by multiple families. A more recent issue, however, is that many people now rent out the cabi... continue reading »
When you own real estate you also own any fixtures attached thereto. In general, a fixture is something permanently affixed to the land. A structure attached to a foundation, for example, or within a house, cabinets or fixtures that would require tools to remove from the walls, would generall... continue reading »
In Minnesota, your land is either torrens or abstract title. Torrens or registered title is identified on your deed by having a T before the document number and often the deed will reference Torrens specifically. If your land is Torrens, your land was officially registered through a court pro... continue reading »
Retraining is a formal course of study in a school setting that is designed to train an employee to return to suitable gainful employment. Retraining is different from other forms vocational rehab assistance in that when an injured worker is granted retraining, they are also entitled to compensat... continue reading »
Most buyers simply order title insurance from whatever company is recommended by their realtor or banker. They then pay for this insurance at closing without any understanding or explanation of what the insurance covers or more importantly, doesn’t cover.
Our firm owns both Quality and... continue reading »
One of the most common questions I ask during an initial consultation with an injured worker is whether they have had preexisting injuries to the same body part they injured at work. Many injured workers that come into my office are under the impression that because they suffered an injury to the... continue reading »
In our lakes area communities, there are many businesses that have been in business for 40, 50, 100 years or more. These ‘legacy businesses’ standout as a testament to the owners’ hard work, dedication, and planning. According to Inc.com, 96% of businesses fail within the first 10 years. So... continue reading »