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All Forum Posts by: Byron W.

Byron W. has started 43 posts and replied 76 times.

Does anyone have any recommendations for a plumber? Looking to stick with one reliable person to service my 3 units. Thanks!

Long story short, I purchased a property some months ago. I'm about to draw up a new lease for the tenant to sign. She's been pretty great so far. However, I noticed that her husband does smoke inside of the unit. How would you handle this? Considering any other tenants I have in the building aren't allowed to smoke. And any tenants that move in after them won't be allowed to as well. Thanks!

Post: Buying Multifamily in South Side of Chicago

Byron W.Posted
  • Chicago, IL
  • Posts 77
  • Votes 10

Would suggest connecting with a fellow investor or agent prior to choosing a south side neighborhood. There are some great neighborhoods in the area. And some not so great ones. Just like any other major city. (I own a property on the south side)

Shopping for a 30" vanity to put in two bathrooms. What are some brands/models that you favor and why? And what stores are you purchasing from? Thanks!

Post: How should I add addendums to a lease?

Byron W.Posted
  • Chicago, IL
  • Posts 77
  • Votes 10
Originally posted by @Neil Schoepp:

That PDF should be either a) revise-able or b) converted to a word doc so it is.

If the your client has already signed then yes it's an addendum to the lease and both you and them sign it. If they haven't signed it then add it to your lease in the appropriate spot. This keeps all the items in order and flowing nicely when you sit down with them and explain the lease. If you are in a time squeeze then the addendum will work, just get your lease to be revise-able so that moving forward you can insert and remove items at will.

 The tenant hasn't signed the lease yet. Trying to get it together for them now and wanna add the things I'd like in there before I have her sign. Thanks!

Post: How should I add addendums to a lease?

Byron W.Posted
  • Chicago, IL
  • Posts 77
  • Votes 10

Dumb question. But I have a PDF lease from a local property management company in Chicago. And I'd like to add some stipulations to the lease. Such as no smoking, how rent should be paid (Cozy.co), etc. What's the best way to do this? Should I just draw up a separate document that states these things and have them sign it?

Post: Are you requiring renters get rental insurance?

Byron W.Posted
  • Chicago, IL
  • Posts 77
  • Votes 10

I'm curious to hear what everyone's doing out there. Are you requiring renters insurance? If so, how's your experience with having that requirement for tenants been? Any issues or do you feel like it shouldn't be a requirement?

Originally posted by @Matthew Paul:

Yes to both . 

That's what I thought. I was hoping to avoid having to do both lol. I got quoted $2800 for an AC unit install, which isn't too bad. But more than I wanted to spend. A dehumidifier can be found on amazon for about $200-300. Just need a way to drain it. No drain in the basement area.

Hello, I'm house hacking a 3 unit in Chicago. The first floor unit gets really humid. There's no AC. It gets humid with the windows closed. With the windows open, it helps circulate air more of course but doesn't do much of anything for the humidity levels. The unit is 1350sqft. I'm planning to live here another 1-1 1/2 years before moving into another place and renting out this unit. I'm trying to figure out the best course of action here.

Some things to note:

The basement just below this unit is large, dark and gets about 70%-80% humidity (same as the first floor unit). It has some very small windows that I have open to help circulate air down there. I'm not sure if attacking the humidity down there will solve the problem with the humidty in the 1st floor unit or not.

My other units humidity levels seem fine. Though I haven't measured, being in them, I didn't notice it being as humid when walking through.

The humidty was above 80% when it was 80+ degrees outside. But now that it's cooled down a bit (70-75 degrees) the humidity is between 70-80% daily.

What advice do you all have for me? Should I get an AC unit? Should I install a dehumidifier in the basement? Should I do something else? Thanks!

Post: How to dehumidifying large unfinished basement?

Byron W.Posted
  • Chicago, IL
  • Posts 77
  • Votes 10

I have a 3 unit building and the basement is dark, little ventilation and gets really humid. Which, I'm pretty sure is causing the first floor unit to be even more humid on warm days than it should be. The humidity levels in units 2 and 3 aren't nearly as bad as on the first floor unit (which is the one I'm currently house hacking). 

What's my best option for dehumidifying the basement long term? Thanks!