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All Forum Posts by: Mark Ainley

Mark Ainley has started 159 posts and replied 1924 times.

Post: Looking for Great contractors in chicago northwest neighborhoods

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

@Brij Patel I just DMed you someone that is perfect for that scope!

Post: Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

@Henry Lazerow thanks for putting this out there and it's crazy how many "tester" calls we got in last 90 days. When you do this long enough, you get an idea of what a tester asks about or they start digging. We accept all applications and in the case of section 8 the only real time we don't is if the numbers don't make sense with market rent vs HUD standard.

I have long form articles on both this Fair Housing law with section 8 and the scam tenants with fake info on our website.  I tried to post it here but got erased.  

Post: Syracuse Management Company Recommendations

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

@Dwight Henning I just sent you a DM of a guy I have been referring for years in Syracuse.  He manages across all those medium sizes cities in upstate so investors like they can invest in multiple markets under one PM.  

Post: Seeking Investor Friendly Brokerage - Chicago Suburbs

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

@Jake Brady Congrats!  In 20 years I have seen more people start and not finish the class/exam then pass so you are part of the minority.  We are in Roselle and definitly are investment minded firm and would love to talk if you are interested!

Post: List Price for CHA rental chicago

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

@Connor O'Brien LOL thanks for being a longterm listener!

Post: List Price for CHA rental chicago

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

@Connor O'Brien I don’t think you price it any different then if just marketing for a market renter.  If you want to add it to places like affordablehousing.com then that gives you more exposure.  In Chicago you request a CHA Burden sheet and that gross number minus utility allowance will be what you get in addition to making sure bedroom size is adequate.  In suburb cook county it is a little different. 

Post: I am officially starting my Multifamily Property Management business in Chicago

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

@Tan Su first of congrats...there is alot of opportunity for good PM providers in Chicago and the entire US.  You are about to get run over with lessons in the next 3 years and happy to help sidestep common mistakes if you ever want to jump on a call.  

When you get to 100 units you can join our Property Management best practices group where we have 20 local PMs get together once per month via zoom and help each other out.  

Post: Advice for beginners!

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

Thanks @Douglas Skipworth!  Hey there @Ritu Mahajan!  I actually have a webinar i put on a couple of years ago walking through all the pitfalls and mistakes I made doing 482 BRRRs between 2009-2018 in Chicago.  I will send you the DM with that.  Also happy to jump on a call!  

Post: Landlord Forms Package: sample lease, animal addendum, and more!

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

Congrats @Nathan Gesner on the book and all the valuable resources you help the real estate community with!

Post: Acquired Tax deed property at county action with 2 deceased owners

Mark Ainley
Posted
  • Property Manager
  • Roselle, IL (Chicago Suburb)
  • Posts 2,029
  • Votes 1,421

@Alfredo Ahumada property is in texas or Illinois?