I’d love to learn more about how you operate in multiple markets and what strategies you’ve found most effective for managing properties remotely.Looking forward to staying connected!

If something breaks, the management company fixes it. 

TYI still know property managers who swear by them.

Managing remotely works until it doesn't.

Additionally it will have to take care of itself so property management is included in this.

If you don’t like it, you can always pivot and sell, convert to a long-term rental, or move into another investment strategy with the equity and knowledge you’ve built.Starting this way means you’ll go through every key step: finding a deal, securing financing, managing tenants, and understanding property operations, but in the lowest-risk way possible.

Next StepsContact 311 or the Chicago Department of Water Management to request a meter recheck or usage audit.If the new bills seem drastically off, request a review for billing errors or adjustments.Consider installing low-flow fixtures or monitoring usage with a smart meter device to ensure there’s no hidden waste.It’s frustrating, but you’re not alone in this!

While some lenders may offer it, these scenarios often require near-perfect alignment of high DSCR ratios (1.2x+), excellent credit, and property cash flow projections that are difficult to meet with this leverage.

Even help with after you get your property with calls that help you manage the property manager!!

Why make it a DIY project?