Why Hire a Property Manager? Save the landlord time Save money with time invested on the rental property Access to a 24 repair call center Have a representative that is close to the property to evaluate Obtain better marketing of rental property with a property management company Receive warranties and guarantees offered by a property […]
Read More ›
Performing a Rental Property Inspection When Should a Landlord Inspect their Rental Property? Move in of new tenant (conduct a move in inspection complete with photos). When moving in the new resident, our recommendation is to use a property management inspection software compatible with your needs. In the past, we have used the following : […]
Read More ›
Rookie Real Estate Investor? By now, you have likely heard of podcasts like #BiggerPockets with the several ideas for rookie real estate investors in building their rental inventory to create the means of building passive rental income while building their net worth over time. Typical challenges include lack of capital to buy properties, property management […]
Read More ›
Tired of Landlording your Rental Property? Leveraging your time with a Property Manager is the way to go, but, you need to make the right hire – the first time. This means finding a property manager that focuses on the following : Your type of rental property Will be as attentive to your property as […]
Read More ›
Can a Landlord Refuse to Rent to a Tenant with Children? A landlord can NOT refuse to rent to a tenant with children as this violates the Fair Housing Act of 1968. This is a clear violation of what is considered discrimination on the basis of familial status. This means that rents to a family with a […]
Read More ›My Tenant is Late on Rent…What Should a Landlord Do? Step 1 : What Does the Lease State? While you may want to do far worse things when you don’t receive rent, step one is to review the lease. Does is have a monthly date in which rent is due and a grace period before […]
Read More ›
What Will Aurora, IL Rents Be At In 2019? Has the window to sell for top dollar passed? Using Zillow.com as a resource, the Chicagoland suburban market has not crested only to fall. In fact, depending upon the zip code and target market (first time homebuyer, 2nd time homebuyer, downsizer, etc.), the general Aurora real […]
Read More ›
Landlord Emergency Kit Keep in Your Car at All Times : Landlord duties can require you to be ready on the go! Keeping a steady list of emergency items can assist you in the sticky situations that will require you to get things done without wasting dollars on getting a certified professional for items that […]
Read More ›
A Tenant’s Revenge… Here’s My Story of a Tenant that sought Revenge on a Lease Termination Notice So, I am a real estate broker, property manager for landlords in the Chicagoland area, and have been a landlord for over 15 years. We all have our horror stories and when I look back, the percentage of […]
Read More ›
Why Invest in “Value Add” Multifamily Buildings? Well, the answer for me follows a few reasons : Lower capital expense to rents ratio compared to single family homes. Becoming harder to build in local communities, so, a scarcer resource. You are not entirely dependent on comparable sales around you. Appraiser will focus more on the […]
Read More ›
