All Forum Posts by: Lindsay Op de Coul

Hello Tiago!

I work for a property management company and we have found investors will do different things.

In most circumstances for single family homes, the investor/owner will require the tenant to handle landscaping and snow removal. However, the risk with that is tenants may not maintain it to your standards. So sometimes owners will hire a company directly to handle those things or have their property manager take care of it.

Pest control is a bit different and we usually handle these on a case by case basis. If a tenant contacts us about a pest problem, we let them know that we can send out the pest control company we use, but if the company determines that the source of the problem is either mother nature or the tenant, we will bill the tenant directly. This gives the tenant a choice and usually the tenant will choose to take care of it themselves. However, if the pest problem resulted from a defect of the property (crack in the foundation, a window needs to be sealed, etc.) then that is when the owner pays/handles. 

Hope that helps!

Hello Joe! Congrats on the duplex, I hope your project goes well!  Was there something specific you were looking for help with or were you just sharing/introducing yourself?

@Bruce Woodruff  Thank you!  I am considering out of state as well.

@Rj Lindemann Thank you, that is helpful! I will look into those states more.  I wanted something close to home because I will be self managing, but I am open to looking at neighboring/close states. 

@Jonathan Klemm We are in the surrounding suburb - happy to chat more if you would like!

@Sean Prato @Laura Jennings

Hi Mark,

We offer property management for STR. If you want to have a chat with one of our agents about the market we can set that up as well! There are different rules for the municipalities and some are likely to have better returns than others. Reach out to me or @Sean Prato and we can help you find some direction.

Yes, what everyone else said! Most likely the rent is too high.  Try bringing it down.  I work for a property management company and what we also do is ask for feedback from the people who look - they can offer good insight.

Hello!

My husband and I are new to Illinois and looking to buy rental properties. 

Does anyone have areas that they suggest we look at to find deals? The numbers just need to work so we are cash flow positive.

Here is what we are OK with:

• Light reno work
• B/C class neighborhoods
  
• Anywhere in the state

There are some deals in NJ, but not a lot and they go fast. I have talked to investors in Northern New Jersey and they say the higher taxes make it hard to cash flow positive.  Try looking in Burlington, Gloucester, Mercer, Camden counties.  We have had better success there.  If you are open to those areas, let me know and I can put you in contact with some investor-focused agents.

@Laura Jennings I thought this thread would be helpful!

@Renita G Ezell I saw that you have a shared living community/rent by room.  My husband and I have thought about doing this.  Would you be open to chatting with me about it?