This coming year set the goal of getting more committed to learn and expand my knowledge to avoid previous mistakes taken as well as to be able to effectively continue to expand my portfolio.I’m here to connect with others who are also passionate about real estate, and I’m eager to learn from your experiences, insights, and advice.

Everything else; relationships, making connection, closing deals, and ultimately making money, is the result of concerted efforts.

But, for instance, I sent them a notice of rent increase effective February 1 and needed them to confirm that they have accepted the new payment terms through our electronic payment system, and even after repeated notices, they are not responding.

*This post does not create a CPA-client relationship.

Marth 11th 2024 new laws that effect banking and deposits go into effect.

POHs inherently contribute to elevated expense ratios due to their operational demands, and this effect is magnified when the number of homes is limited, as fixed costs are distributed across fewer units.

@Mindy Jensen this is what I do until I've established a good relationship with them. 

2.What are the best and most cost-effective solutions for managing this potential long-term issue?

Tenant screening, especially here in Chicago, is one of the most important things you have to prioritize learning - learning it the hard way is the fastest, but not always the most cost-effective (I know from experience haha)If you still need a solid eviction attorney, please let me know! 

Trust and referrals are the lifeblood of building relationships in the real estate investment world.