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All Forum Posts by: Chris Herrera

Chris Herrera has started 17 posts and replied 184 times.

Post: I am just starting out and start a blog about it.

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Zach Iannucci sounds like a great plan, you’ll be surprised how much people will like to learn about the process from someone who is actually doing it themselves

Post: Tenant Screening Software Suggestions

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Ryan Slicer paystubs or tax returns/W-2. If nothing else then bank statements

Post: Tenant Screening Software Suggestions

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Ryan Slicer nope, the tenant pays for it

Post: Tenant Screening Software Suggestions

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Ryan Slicer Get two months of income verification then use a service like transunion smart move to get a credit and background check to help make your decision

Post: Evictions of month-to-month tenants in Illinois

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Tony Ferrero How’s your relationship with the agent been? If they’ve been just showing you properties and you both haven’t really talked about what your ideal situation/goals are then the agent might just not be motivated to go through the time to show you the property and using this as an excuse.

The tenants could just be difficult also and the landlord doesn’t want to have people seeing the property until they can see your serious, but that should’ve been communicated to your agent.

Post: Evictions of month-to-month tenants in Illinois

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Tony Ferrero they extended the moratorium, but tenants need to fall into specific guidelines to qualify.

Why is your realtor refusing to show? Are they trying to deter you from buying because of the moratorium

Post: What books do you recommend for new real estate agents

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Colin Kelley ninja selling

Post: Property Will Cash Flow... But Not Right Away

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Daniel Curtin how much do you plan on raising rents? I would be hesitant to do this if it’s by a lot since it’s already in the red, but if it just needed a light rehab and just a small increase that wouldn’t even hit market rent then I wouldn’t have a problem with it personally. It also depends on the return you want. Would the risk and that work be worth just 50$ a month? It wouldn’t for me and I never invest over here with appreciation in mine

Post: Should I make the boyfriend sign the lease?

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Teddy Black if he moved in then yes. You need to know who is in your building. What if something happened to her and he decided to keep living there? You would have a squatter on your hands because you don’t have any legal paperwork with the boyfriend

Post: Tenant screening process

Chris HerreraPosted
  • Real Estate Agent
  • Addison, IL
  • Posts 185
  • Votes 88

@Conan Fox I’ve never heard of counties offering it to everybody so that’s interesting but screening wise I and a lot of other landlords use Mysmartmove by trans union. All fees paid by applicant and you get all the info you need form credit scores to criminal and eviction history.