Dec 02

When I was just a wee lad of six or seven I was given a book for Christmas, The Way Things Work.

I do not think any gift had made as much of an impact on my life as this. Learning so many fundamentals of mechanics, physics, electricity, plumbing etc as a grade school kid was a foundation that helped me understand so much of what I needed as a small landlord that initially had to make all my own repairs.

These fundamentals also helped me succeed in my prior career in manufacturing.

How different my life would have been if instead I had gotten the Tonka dump truck I thought I wanted for Christmas.

Today, when deciding what gifts to give my grandchildren, I try to find gifts that may impact their lives as much as this book impacted mine.

In fact writing this post brought back such memories, that I just bought a used copy for myself.

Nov 17

An ordinance was proposed that would impose a requirement that all downtown construction with 20 or more residential units set aside units for affordable housing.  10%, if privately financed, or 20% if government subsidies.  If the developer was unwilling to do so, then the city would charge a fee of $125,000 per required affordable unit, PRIOR to issuing the permit.

While providing housing to struggling families is a noble concern, the problem with this type of proposal is it discourages development.  When you have the capability to do a $100, $200, $400 million dollar project, there are a lot of communities vying for the influx of development (I’ll assume as I never did anything close to that big)

Years ago I was in Vegas helping my wife do an event there.  I was standing in line to buy something and started talking to the guy in front of me. He was a large developer.  When he asked where I was from, I said Milwaukee.  His response was ‘you do not have a decent skyline and never will as your city is too hard on developers.”

Fortunately, this proposal was shot down by the Milwaukee city attorney  But there will be further attempts to keep Milwaukee at the economic bottom, I’m sure.

Nov 03

The Milwaukee Journal reports

Lax city oversight allowed sham nonprofit to snag and flip Milwaukee properties

The article has nothing to do with a landlord, and everything to do with with fraudsters using real estate as the vehicle for their criminal activity.
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Yet just like the other non-landlord related articles in the series, the html title tag is “Landlord Games:…” , the caption to the attached video reads “Some Milwaukee landlords game the system, taking advantage of potential renters and home buyers” and the footer:

Read the investigation

To read the Milwaukee Journal Sentinel’s Landlord Games investigation, which examines ways landlords game the system and how city officials allow it to happen, go to jsonline.com/landlordgames.


 Certainly not a “landlord game.”  But the Milwaukee Journal Sentinel continually mis-captions anything negative about housing as being  “landlord” caused.

Sep 27

Attorney Tristan Pettit, you know, the guy that writes the standard legal forms for Wisconsin Legal Blank, is doing his landlord-tenant Boot Camp again on Saturday, October 7th. There are still a few seats left.

You get a full day of landlord-tenant law training for the price you’ll spend for 30 minutes of attorney time after you make a mistake in this complex area of law,

All the details are at:
http://www.landlordbootcamp2017.com

But the proof of value is I send my staff to Tristan’s Boot Camps.  Even though I know the laws, it is of great value to have staff learn what they need to be concerned about in a different setting than the office.

Sep 25

Barrett’s budget [Link to J/S article on the Budget]:   Police and firefighter cuts, property tax increase

The City of Milwaukee would lose 33 police officer positions and 75 firefighter jobs under the 2018 budget plan, which Mayor Tom Barrett is set to introduce this week.

Every budget starts with cutting Fire Fighters and Police Officers, plus they usually throw out the idea of cutting out the mobile mammogram testing in the poorest neighborhoods, but that isn’t in the article so it may no longer exist.

Are Police and Fire Fighters really the only place to cut the City’s budget and more importantly, is it wise to reduce Police positions in Milwaukee, which  MSN reports as the 5th most dangerous city in the nation?

With out of control violent crime, it is harder to attract major businesses and thereby turn around the local economy – and an influx of jobs would cure a lot, including a reduction in crime.

The Effects of Unemployment on Crime Rates in the US – SMARTech
A one percent increase in the unemployment rate will increase the violent crime rate by 14.3 per 100,000 inhabitants. … A one percent increase in the poverty rate will increase the violent crime rate by 23.9 per 100,000 inhabitants, and is statistically significant at the 1% level.

Even property crimes hurt.  I can’t tell you how many times have I had good tenants move because they came out to their car in the morning to find the window broken and their $50 radio stolen.

Better from a long-term perspective would be a shift from an austerity to a prosperity mindset.  Milwaukee should have fought tooth and nail to have Foxconn locate within the City. That could have changed everything well into the future.

There are public hearings scheduled if you wish to comment on the budget, or call your Aldermen (414) 286-2221.


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