Palak Shah is the founder of Open Spaces Capital and discusses the five reasons that 30 year mortgage financing is better for landlords and buy and hold real estate investors over 15 year mortgage financing. Landlording for Life Real Estate Podcast · Palak Shah – 5 Reasons For A 30 Year Mortgage Versus 15 Year […]
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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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Holding an Appreciation Bearing Asset is Never a Bad Thing Wait….what? You mean to say…I SHOULD NEVER SELL MY HOME? But…that’s not what my Realtor told me! Yep…the propaganda is thick. Selling your home instead of holding long term and renting is a common trait these days. I mean…why would the housing industry want you […]
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Is the Chicagoland Area Keeping Up with the US Average? Well, from a visual perspective of the Freddie Mac Housing Price Index, the answer is…NO. From 2003 until today, the Chicagoland area has not kept on pace with the National Housing Price Index. Furthermore, the percentage change on an annual basis has not kept up […]
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Here is why Property Management is easier in Aurora, IL… For those that have owned rental property for 5+ years, especially when performing property management in Aurora, IL, the answer is simple… SCREEN YOUR TENANT APPLICANTS However, in order to screen your applicants, you need a solid foundation to assist you with screening your tenants. […]
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Five Ways to Earn Wealth Through Rental Real Estate In conjuction with other investments, the primary benefits of investing in rental real estate is that there are many means in which wealth can be accrued. When combining these figures into a total return on investment, which may be considered the “internal rate of return”, those […]
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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 : […]
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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 ›A few years back, our office implemented an inspection process which was offered quarterly. While beneficial to our office for the purpose of making sure that the tenant is taking care of the home and performing preventative maintainance checks on the property itself, it was also burdensome for the tenant. For the landlord, it was […]
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