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26 November 2024 | 11 replies
Make sure you are properly screening your leads the same as you would for long term renters.
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4 December 2024 | 32 replies
There are three items required to make a successful partnership - Time, Experience, Capital.If you are a syndicator, you are likely expected to have time and experience.There is a lot that goes into being a competent syndicator - Proper communications, finding a good deal, communicating quarterly updates, networking with lenders, contractors, PM companies.You can gain experience by doing your own deals or working for someone who does(Ideally both).I personally think you should cement your experience before worrying about OPM.Best of luck
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26 November 2024 | 15 replies
Some buyers don't want your tenants who may or may not have been screen properly but some buyers like the attraction of having income on day one.
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25 November 2024 | 6 replies
Additionally the suburbs have higher taxes compared to Chicago proper.
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23 November 2024 | 4 replies
As long as you're making payments on time and have proper insurance on the property, banks are happy and don't want to call a loan due.
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19 November 2024 | 23 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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1 December 2024 | 377 replies
I am still going pedal to the medal as long as the deal makes sense and I have my business functioning well.
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26 November 2024 | 127 replies
I have zero stress having the systems in place with the proper people in place to manage my day to day operations.
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22 November 2024 | 5 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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25 November 2024 | 8 replies
.- Inform your tenants about the proper use of the dumpster.Each tenant should be responsible for taking out their own trash on the designated collection days, but having a common dumpster is usually more convenient and cost-effective.Remember, clear communication with your tenants is key.