Newbie in Chicago

[Oscar Jacome]

Hello BP,

My name is Oscar Jacome and I live in Chicago (Dunning Square). I just closed on my first deal this week; it took the bank a long time to approve the FHA loan. The property is a single family house in the Dunning Square area. I am going to start the cosmetic rehab that needs to be done and I am planning to have it ready for rent in a month or so. I started this deal before I joined BP; since then, I have learned a lot from the podcasts and forums.

Here are some questions for the investors from Chicago:

• 1)Can you send me or point me in the right direction to get a strong lease (I have read the RLTO)
• 2)Any advise when it comes to collecting rent from tenants. (I’m planning on using chase quick pay)
• 3)How do I market the property? ( Craiglist, Zillow, sign in the front yard)
• 4)How do I know how much I should charge fort rent? (Rentometer)

I’m a new investor so take it easy on me. All constructive feedback/advises are welcome.

Oscar