All Forum Posts by: Mia Capodilupo

Hi @John Warren, another Chicago property owner looking for insurance if you could send it to me. Thanks so much.

One 3 months and one shorter, I will keep going down on the rent for the one, then once that is rented I can afford to be slower on the other one - just can't have 2 empty in one building.

I've also been surprised at how low demand has been (currently have 2 units in Bucktown available). Have lowered the price 3 times, not sure what is going on.

I've had a building in the same area for 6 years and have had a good experience. Tenant quality has improved a lot and yes its higher crime but we haven't had any incidents. It seems to be improving fairly quickly.. Good luck!

I've also been surprised at how low demand has been (currently have 2 units in Bucktown available). Have lowered the price 3 times and hardly have anyone coming to see it... not sure what is going on.

Mine is way off too - Zillow says my home is worth $225,000 and I just had it appraised for $320,000...nothing comparable is selling in my area for $225 I dont know where they get these numbers.

Does anyone have a property manager or management company they could recommend that works in East Garfield park? Thanks in advance!

I agree with the other person who recommended bringing a dollar amount into it - I do that to pushy tenants and its worked well in the past. I just say, that's definitely a possibility but I would need to raise the rent x amount since now you will have a much nicer unit. It just reinforces the fact that each of these "little things" really adds up.

Good luck with everything - thats a tough one. This is definitely one of the worst parts of being a landlord! I think youre on the right track though.

Hi Erica - 

I am also investing right in the Conservatory area - trying to buy a mixed use property right now. I've lived and worked in higher-crime neighborhoods in the past so I'm somewhat prepared. Its always a risk but for me the chance of higher returns than my better located properties is worth it.

Good luck! let me know if you end up moving over there.