All Forum Posts by: Ryan Ericson

I have 8 units and most windows will need to be replaced soon.  Almost all tenants use window air conditioner units.  I'm just wondering what you have found to be the best windows for this type of use. Additionally, any input on whether or not this is a diy project for someone that has no experience.  I am fairly handy...Youtube!!

I should be able to make it.

Looking forward to it.

Your welcome.  Its on the Northwest side of Rockford.  How about you?

Thanks all, I really appreciate your comments.

Thanks for the input Shane.  Its been on the market about two months now.  Competition is probably average to below average.  Sometimes a property will sit on the market for over a year depending on price and neighborhood.  Most multi-unit properties move slow so I think the buyer has a bit more leverage.

Thank you for the response.  He has been trying to sell it again for about 2 months now.  Units are in average shape.  I will have to ask about the tenants.  10k off would be around 10% off asking.  You made a good point about the taxes going up.  I'm only slightly concerned about that.  Like you said, I think I will just go ahead and make an offer and see what happens.

P.S. One thing that I thought was strange is that he did not want the tenants to know he was selling it.  That makes me think he has a few bad ones in there.

Hello BP,

I have been looking at a multi-unit building and the seller is asking about 7k over what the county website has it assessed at.  Comps are near the assessors value.  He seems hell bent on selling it at that price because he tried to sell it 6 years ago for what he is asking now.  I'm not really sure where to start negotiations.  I was think of making an offer 10k below asking which would be 3k below assesed value?  Cash flow and return rate is good even at his asking price.  It could always be better!

Greetings,

I thought this might be helpful for other landlords seeking 5, 10, and 30 day notices among other legal forms.  They are located in the forcible detainer and eviction section.

http://www.cc.co.winnebago.il.us/court-forms-winne...

I'm only on month two of my first property and here I am looking for this nonsense already.  I am optimistic still as these were inherited tenants.

Cheers!