All Forum Posts by: Conrad Legé

This is good to know. I will have to look into this new amendment.

Awesome. Thanks for the recs!

 Appreciate it, I’ll look into this. 

Hello,

Im in the process of looking for tenants again for one of my units. I have used the PMS Avail for the last two years to manage my units & screen all potential tenants. However I realized that they no longer have the criminal backgrounding screening feature available. They stated due to regulatory changes in IL, they can no longer provide those reports for rental applications.

Does this mean I no longer can do a background check in IL or is there a work around with possibly another service I can use? Any insights appreciated.

Thanks,

This is on the south side. My broker pulled 11 comps total. 4 of them sold however the rest are pending and contingent. 2 of the 4 that sold are more than 2 miles away from the subject property.. Is that too far for a dense area like the city?

Hello,

I am currently in my search for my first fix & flip. I have found & recently looked at a property that I feel has potential. I’ve been reading the BP book on Flipping Houses by J Scott as a guide. I recently had my broker run some comps for me however there are limited SOLD comps to work with however there a few strong comps that are currently “contingent.” Would like at least 3 solid comps to work with.

My question is, is it good practice to use comps that are contingent or pending or should I stick solely with comps that have SOLD? 

Thanks,

You certainly want to be on traditional booking channels such as Airbnb, Booking.com & VRBO. You’re missing out on tens of millions of people who visit these sites daily. I would also look into implementing a PMS so that you can effectively manage all of your calendar’s & communication with guests.

Hi Mike,

a STR manager will generally take 15-25%, really depends on the market and services offered. I manage & operate vacation rentals in Chicago & Dallas. Would be happy to connect and be a resource.

Hi Mike,

a STR manager will generally take 15-25%, really depends on the market and services offered. I manage & operate vacation rentals in Chicago & Dallas. Would be happy to connect and be a resource.