How to Purchase Your First Rental Property
Sunday, January 13
Well, regardless of where you come from, here's what I recommend a rookie real estate investor do to make it work (based upon my experience and if I was to do it all over again). Typical challenges include lack of capital to buy properties, property management headaches, lack of deals that cashfl...
75 Questions a Landlord should ask when hiring a Property Manager
Tuesday, January 08
Leveraging your time is the way to go, but, leverage your property manager by looking for the following in your property manager : Your type of rental propertyWill be as attentive to your property as you want them to beHas legal and effective rent collection proceduresProvides 24 hour repair an...
How to Evict a Tenant in Kane County Illinois
Saturday, January 05
Step 1 : What Does the Lease State?While you may want to do far worse things when you don't receive rent, step one is to review the lease. Does is have a monthly date in which rent is due and a grace period before a late fee can be applied?Assuming so, you have the foundation to begin collection ...
Landlord Emergency Kit (Keep in Car at all times!)
Saturday, October 06
Landlord Emergency Kit Keep in Your Car at All Times :Landlord duties can require you to be ready on the go! Keeping a steady list of emergency items can assist you in the sticky situations that will require you to get things done without wasting dollars on getting a certified professional for...
A Tenant's Revenge...
Saturday, September 15
The Story of my Tenant seeking Revenge after a Lease Termination Notice was provided to her...So, I am a real estate broker, property manager for landlords in the Chicagoland area, and have been a landlord for over 15 years. We all have our horror stories and when I look back, the percentage of t...
Village Rental Registrations in Illinois
Saturday, September 01
DO YOU KNOW YOUR REQUIREMENTS AS A LANDLORD?Villages in Illinois are on their own in establishing rental registrations requirements that landlords and tenants must abide by in order to meet Village requirements. While the Villages must be “HOME RULE” communities, once home rule, there can be some...