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Updated over 6 years ago, 04/25/2018
New Landlord / Investor would like advice
So, I will be closing on my 1st property on 5/2. It will be an owner occupied building in East Garfield park. 3 unit building with 2 3bd 2ba, and one 6bd 4ba duplex down. The units are 1500 sqft. The building already has long term tenant and I will be going in making a profit. The building is located on Warren blvd, just next to the park, from all account it seems to be a pretty quiet street. As a new landlord, what tips would you provide to me to make sure I continue to be profitable and grow? Also, can I ask what your average water bill is? I saw that this building had a 1000.00 water bill for a quarterly bill, that isn't good. How do you control your water bills? I feel that EGP is really going to take off with the growth that is coming in the West Loop. What is your take?