Originally posted by Alison Robinson:Hello all,I am in immediate need of a Commercial/Residential Property Management Company representing owner-landlords on the South side of Chicago.

Keep records of the payment timing to substantiate your reporting if needed.This post does not create a CPA-Client relationship.

@Kerry Hermann - the posts by @Michael Ewers and @Samuel Coronado were solid advice (I don't know Nita Cook whom Sam referenced, so that's the only part of his post I can not comment on).I second what Michael said about the market here - it was fantastic from 2017 (when I started) through 2022 - then it really started to crater in 2023 (although we still found some deals), and the bottom completely dropped out in 2024 (found one small commercial deal and one residential flip deal in 2024 - that's it). 

Make it your business practice to post the notice to pay or quit precisely on the day after the grace period ends, every time.

Hi @Mirna Chinchilla, welcome to the BP Forum and I just came across your post!

The plan is to keep operating the property as a PadSplit post-acquisition.

By easing into real estate with a well-thought-out plan and measurable goals, you can demonstrate the feasibility of your vision and work toward earning his support for future investments.This post does not create a CPA-Client relationship.

If you got a report that someone was smoking cigarettes or cigars outside only, per the rules, would you post the same question?

The information contained in this post is not to be relied upon.

Keep me posted on how it goes.