1655 Felten Rd; #15; Aurora 2 Bed/1 Bath @ $960/mo Checkout the video of the BEFORE RENOVATION of the apartment : Here are photos of what the AFTER RENOVATION will look like and projected to be completed by 04/20/20 : 1655 FELTEN RD; AURORA – AFTER RENOVATION PHOTOS Note, this is a 2 bed/1 bath […]
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Dana Dunford’s Background Dana is CEO of Hemlane Property Management platform and is an advocate of investing in out of market real estate while connecting investors with local “boots on the ground” real estate professionals. Dana was named one of the Top 20 female leaders and influencers of commercial real estate tech and earned her […]
Read More ›For Rent at $1050/month 2 bed / 1.1 bath townhome style home located near I88/Farnworth interchange in Aurora. Private entry with concrete porch on rear of home. Granite countertops in kitchen and bath. Microwave, range/oven, refrigerator, and washer and dryer all included in monthly rent. Tenant pays electric and water bill. 2 reserved parking […]
Read More ›FOR RENT AT $1050/month 131 N Lincolnway; #2; North Aurora is available for rent starting early May 2020. Tenant only pays electric and laundry room is accessible in the basement of the building. New deck installed in 2018 and townhome-style apartment was renovated in fall of 2018. Updates include : new carpet and laminate flooring, […]
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Net Operating Income Ideas to Improve : Let’s Start with Revenue… As many readers are aware, there are two ways to impact net operating income. Increase revenue or decrease expenses. Let’s dig into the former. 10. Increase Laundry Income by 25% Many laundry machines we find are between $1.00-$1.50 per load. This doesn’t even cover […]
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What is Cost Segregation? Cost segregation is the process of hiring an engineering firm to breakdown the individual depreciation lifespan of the components to a building so that these components can be depreciated quicker than over a 27 or 39 year depreciation lifespan of the building. Ultimately, cost segregation works well for investors looking for […]
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Paul Winterowd Multifamily Financing Updates for 2020 Paul Winterowd, with Bonneville Multifamily Capital, provides multifamily financing to investors throughout the USA. From late 2018 to 2020, multifamily financing has been very steady. With cap rates compressing and international capital coming into US real estate markets, much of this has to do with gauging the 10 […]
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What is an Exemption? Exemptions on property taxes lead to a reduction in property value assessment (EAV or Equalized Assessment Valution) and lower your property taxes. These are NOT a dollar for dollar reduction in property taxes. Some exemptions need to be filled for annually – as shown below. Homestead Exemption Do you live in […]
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Freddie Mac and Fannie Mae only allow 10 properties…right? Right…and wrong. It depends on the loan value of the asset. For instance, if an investor purchases 10 properties (maximum of 40 units) that are considered residential (4 units or less), then that investor is capped and can not put any Freddie or Fannie properties in […]
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Fees are NOT Always Black & White This day in age, property management fees are most commonly charged as : Flat Fees Percentage of Monthly Rent While each model has it’s own strengths and weaknesses, the model must align with the landlord’s motivations in hiring a property manager to begin with. Flat Fee Property Management […]
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