Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Shea Murray

Shea Murray has started 1 posts and replied 38 times.

@Mark Ainley Let's goooo!!!! @Jonathan Klemm is right - these are always a blast! 

It's exactly what you hope a meetup will end up being - you learn something, but mostly you get to shoot the **** with likeminded people! 

Post: Screening for students?

Shea MurrayPosted
  • Chicago/Columbus
  • Posts 39
  • Votes 41

@Dani Edwards Hey Dani! Yes like many have said. Unless they can carry the lease on their own definitely need a co-signer. 

I would also confirm that the co-signer's income is a higher threshold than the standard 3x monthly rent because presumably they have to carry their own expenses also--normally this won't be an issue, but set a standard and screen all the co-signers that way. 

Also, keep in mind that with Fair Housing, you won't be able to exclude people who are not students - so while you can market towards students (i.e. "Students Welcome!), if you receive standard market applications you will need to consider those as well! 

We manage quite a few properties in the Aurora area. Feel free to shoot me a DM if you have questions! 

Post: General Contractor Relationships

Shea MurrayPosted
  • Chicago/Columbus
  • Posts 39
  • Votes 41

@Connor Chatlos Hey Connor, agreed with Brie, but I think that @Jonathan Klemm might have a good cheat sheet for something like this if you want to reach out to Quality Builders! 

Post: Looking to connect

Shea MurrayPosted
  • Chicago/Columbus
  • Posts 39
  • Votes 41

@Vincent Zhang Hey Vince, I am not currently doing fix and flips but if that's what you're looking for I'm sure there are some folks on here that can help you! What type of projects are you trying to work on? 

Post: how to move forward with portfolio

Shea MurrayPosted
  • Chicago/Columbus
  • Posts 39
  • Votes 41

@Burhan Senih Hey Burhan, I think you have quite a few options here. If you're looking to invest in the Chicago area - happy to make some connections for you / chat about what makes sense. I will shoot you a DM now. 

Post: Looking For Peope in The Chicagoland Area

Shea MurrayPosted
  • Chicago/Columbus
  • Posts 39
  • Votes 41

Hey @Tim O'Rourke, there is a pretty concise list of Chicago meetups here: https://www.straightupchicagoinvestor.com/chicago-real-estat...

Also a great podcast if you want to check it out! 

Post: Real Estate Attorney needed in Chicagoland IL.

Shea MurrayPosted
  • Chicago/Columbus
  • Posts 39
  • Votes 41

Hey @Chris Ganz- we have had good luck with Halsted Law Group - specifically Tom Raleigh. 

I have a few other options - feel free to shoot me a DM if you want more specific contact info, etc. 

Post: How long should I give my PM to Rent a Unit before changing PM?

Shea MurrayPosted
  • Chicago/Columbus
  • Posts 39
  • Votes 41

What's up @Luis Cerwin, a property sitting vacant sucks. Obviously the Detroit market can be pretty seasonable but a lot of this sounds like controllable things from a PM. If you want a referral I've worked with Ben at RPM Detroit and they do a solid job--happy to make an intro if you want to send me a direct message. 

Post: New to the forum!

Shea MurrayPosted
  • Chicago/Columbus
  • Posts 39
  • Votes 41

Hey Jacob , welcome to the forums! 

BP is a great resource and I have learned a ton from the forums. 

I will shoot you a connection request now. Don't hesitate to reach out if you want to chat! 

Post: Staging a property

Shea MurrayPosted
  • Chicago/Columbus
  • Posts 39
  • Votes 41

@Samantha J Foy I can't speak to the return on the staging expense. But, happy to make an intro to a woman I work with that runs a 'boutique style' staging company -- She is also a wealth of knowledge on the topic and I'm sure would be happy to shed some light on this for you! 

I will send you a DM now to touch base on this.