Beloit Property Management

Treasury report was followed by President Gary Fields. Be advised that in November everyone should be receiving by mail a request for next years dues. Those fees are due by the end of December.

Dick Adams gave a summary of his visit to the Wisconsin Apartment Associations annual convention. He attended several seminars that specified personal safety. He mentioned that a Milwaukee group that gives courses on Lead safe practices could possibly form a Lead Refresher course at a cost of $100 per attendee. The Refresher course would validate my Lead Safe Renovator certification up to 2018.

Mr Adams mentioned that WAA has contracted with WI Legal Blanks and most rental forms will now be made available thru them.

November's meeting on 11/20 has been moved to December. In its place, a course is being given at the Rock Co Job Center. From 6PM to 8PM, instructors will go over Fair Housing practices. If you cannot make 6PM, the same course is being given earlier in the day, from Noon to 2PM, same location. More information about the course can be found at this link, Fair Housing Council

Happy Holidays

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I made the unfortunate discovery that three local Beloit lenders are no longer issuing new loans for new investors for rental properties. One lender is no longer making me new loans though I have been a client for nearly 10 years. The banking industry has essentially stalled my business and I have to proceed with new purchases on a cash basis only. Interests rates are low for the sake of encouraged lending, at least that is what I thought. Comments are welcomed.

Manuel