Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 04/25/2018

User Stats

20
Posts
2
Votes
Bret Rankin
2
Votes |
20
Posts

New Landlord / Investor would like advice

Bret Rankin
Posted

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?  

Loading replies...