Many Thanks to all who replied.
To Mark Ainsley,
Congratulations, people , especially real estate agents/ brokers love you.
I listened to your podcast on Bigger Pocket#72, very encouraging.
I was previously burned a few years ago by a property manager who took my rents for 3-4 months then field for bankruptsy. I worry now when another property manager is using my rents from three properties to cover costs on another, $ 3,0000 more then my agreed upon bid ,which I had already paid them,for rent ready expenses. So here are a few questions
# what would be the average cost for a rent ready turn in South Chicago?
# what’s your success rate with cash for keys?
# what’s a reasonable % of rents that should be saved for repairs?
# how long does it take to find a new tenant in Feb March?
# how do I get paid?
#how fast should I expect a response to my emails or texts ?
# I just signed a property management agreement with the above manager, can I get out of it with the above mentioned use of funds from other rents?
Thanks so much,
I really don’t want to become a DYI Landlord. I need a fair partner to help me grow.
Thanks for your response and or if any others have answers to these questions specifically in the Chicagoland area.
From Jeff
