All Forum Posts by: Dana Erdman

I would wait until after the inspection to decide if it makes sense to list the unit for rent. If it's in good condition, go ahead and list it. If it needs a bunch of repairs and won't show well in its current condition, make the repairs and then list the unit.

Correct. And thanks for the advice!

1 Vote

Chicago, Illinois

Quote from @Jules Aton:

I never did inspections either and unfortunately my last long term tenant vacate was rough. I was planning to renovate after they left anyway so it was frustrating but not a huge deal. Maybe ask the tenant if you can come take pictures to prep for advertising for rent? Their response may clue you in on what lies ahead.

Yep, that’s exactly what I’m doing. Going to see the unit this week and take photos so I know the extent of the flip. I just don’t know if I should post the unit yet or not.

0 Votes

Chicago, Illinois

I just purchased the building in September and my understanding is based on my last walkthrough prior to closing.

Also, when renting, I’ve never lived in a unit with a landlord that did “routine inspections”, but will consider that moving forward.

0 Votes

Chicago, Illinois

I have a tenant moving out at the end of March and I have an uneasy feeling about the condition of the unit. I want to get this listed, but I don’t know how well any updated photos would show or how it may look to a tenant during a walkthrough.

What would you do?

I’ve scheduled a pre-move inspection for the end of the week to assess. But would you wait to list the unit until you knew for sure? Would you wait until the flip is complete and potentially lose a week or two of rent if the flip can’t be complete before an April 1 lease start?

0 Votes

Chicago, Illinois

All Forum Posts by: Dana Erdman

Dana Erdman has started 1 posts and replied 4 times.

Post: How to approach unit flip with unit in questionable condition

Post: How to approach unit flip with unit in questionable condition

Post: How to approach unit flip with unit in questionable condition

Post: How to approach unit flip with unit in questionable condition