All Forum Posts by: David Stefanovic

I try to screen each prospective tenant over the phone by asking a few questions to see if they meet my basic requirements prior to showing them the rental. Once they see the rental and are interested, I have them fill out an application. Overall, this approach has worked for me.

Through my experience, I like these zip codes (60656, 60631, 60630, and 60646) for MF buildings in the Northwest side of Chicago. These locations provide vast transportation nearby as well as easy access to multiple northwest suburbs. Rents are very good and nice appreciation too! Agree that today's pricing is not so much favorable in these neighborhoods as supply can be low, however, there should always be opportunities if one is patient and looks hard enough.

That's awesome. Great job Amanda!

1) Yes, you may do it yourself, however, it requires some time and effort on your part as you will need to provide comparables in the area as well as a recent appraisal on your property.

2) I've used the following attorney for years on my properties and have been pleased with their services ...

Scott M. Shudnow, Esq.

SHUDNOW & SHUDNOW, LTD.

3) The above attorney I use charges 1/3 of the savings.

Justin, the following may be a good contact and you can be added to receive his weekly email foreclosure list.

Goran Utvic

Chicagoland Brokers Inc

5151 N Harlem Ave #201

Chicago, IL 60656

773-273-9155

Through my experience, I have found majority of my tenants via Postlets and Craigslist

Post pictures of your work and that should help generate additional business for you!

I personally would sell the condo and buy a multi-family property. I recently sold my condo and plan on using the equity to pay off the mortgage on a multi-family property I have.

2 bedroom / 2 bath condo with balcony on the 2nd floor in Mount Prospect (Northwest Suburb). Includes 2 parking spaces. Monthly assessment $224.00 (includes water, building insurance, exterior maintenance). Annual property tax $1,627.81 (2013).

Condo is updated and well maintained and has excellent long term tenants with month to month lease ($1100/month). Never any issues with late or no payment of rent. Well run association with no special assessments. Condo is in prime location (Algonquin and Dempster) making it easy to rent!

Please contact me for any additional information and details. Thanks!

In my experience in Chicago, I have found very good tenants using Craigslist and Postlets.