Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Fernando Lozada

Fernando Lozada has started 2 posts and replied 6 times.

Quote from @Henry Lazerow:

In Chicago on the north side studios rent very fast as so much demand for affordable units, I would say even faster then 2/3 br units when priced right. I think in less nice areas the tenant quality would probably go down though and vacancy up. I have a few clients with studios in suburbs and they said its significantly more turnover there. 


 This is so interesting, thanks for sharing! One of my biggest concerns was Tenant Quality. In your experience with studios, does this improve with a better location? I'm focusing primarily on Lake view/LV east/Uptown.

Quote from @John Warren:

@Fernando Lozada as long as the numbers work, I guess they are fine. I have normally not found the spread to be that great on them. I own several buildings with studios, and they are my least favorite unit type. We get shorter tenured tenants in them versus in a 1 bedroom. 

 Hey @John Warren really appreciate your input! Would you mind providing a few more reasons why they are your least favorite unit type? As a first time REI, Studios are appealing to me as they seem to have a lower upfront cost and lower HOA. Thank you so much!

I'm looking for my first rental and have seen lots of studios pop up in my search. I have found one that looks interesting as it fits my budget and seems to provide positive cash flow from scratch. What are your thoughts on studios? Mainly focus is: Highrise in the lakeview/Uptown area.  Thank you!

Thanks for your reply @Jonathan Klemm, Yes please! Feel free to shoot me an inbox. Really appreciate it! 

Hello everyone! I'm looking for my first rental property, a condo in Chicago. I've been using Rentometer.com to quickly screen potential cash flow for MLS listings my agent sends me. Can you share your experiences with Rentometer's accuracy, or suggest any other tools? Thanks!

Hey @Jonathan Klemm! Hope the event went great! Unfortunately, I couldn't make it but I'm looking to connect with other Chicago REI! Is there any mailing list I should join to not miss future events? Thank you so much!