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February 18, 2016 Raymond Renner Properties, LLC 6295 —144th Avenue NW Ramsey, Mn. 55303 763-286-8806-Cel l Tim Gladhill Community Development Director ( lanning@citvofrarnsev.com) 7550 Sunwood Drive NW Ramsey, Mn. 55303 7630427-1410-City Hall Sir, I have been an owner of a single family rental since 2006. Since then I have added other residential homes (2007, 2008 and again in 2011. All properties were built by the same builder (Semler Homes) and all were built in the late 1990's. Expenses for the four have been on average $8,000.00 per year each. Taxes, insurance, replacement appliances, water heaters and normal wear and tear maintenance like painting, tile, windows, softeners etc. Two properties have my daughter's in them, one has an employee and his family in it and the fourth house has the original owner renting. 1 live within 6 blocks of these four houses and I respond when called if they have issues. The point is this: unless the rental property has no mortgage (principal/interest), it is almost impossible to rent with a profit. Thus safety may not be on the highest priority. If a building owner is thinking they are going to make money owning a single family home with a list of expenses starting with Principal/interest they will be disappointed. I believe your performance based program should work to protect a renter in a single family home. I did check my insurance carrier for the LLC and there is no discount on premiums for having a permitted single family dwelling. I honestly thought the past permits/inspections on my property were not needed. Corrective orders were very few and $75.00 permit did not pay for the inspection. It was worth the documentation for liability reasons. A concerted effort was made to make a safe environment for all four properties. 1 think the past permitting showed I was not negligent. I cannot say that for other single family properties in Ramsey. Raymond T. Renner