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4 February 2025 | 2 replies
I imagine a T-6 is just a Trailing 6 month table that shows our rents, expenses all fully tabulated and organized into a summary table, but having a hard time finding documentation online to support that.
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6 February 2025 | 6 replies
If I were you I would get a good flavor from the tenants how they interacted with the previous owner, essentially, how they paid, how did they make repair/maintenance requests, when/why did the communicate with the owner, etc...
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27 January 2025 | 1 reply
.: Hi,Is there a way to download specific addresses for houses in a certain area online?
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28 January 2025 | 11 replies
Everything you need to learn/know is available online for free.
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27 January 2025 | 13 replies
Document all your efforts, including repair invoices and communications, to show you’re acting in good faith as a landlord.
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13 January 2025 | 21 replies
I've found deals in local online groups on Facebook, simply asking people for what I want.
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29 January 2025 | 1 reply
It's a more involved discussion that requires one on one communication and no, joining a "community" does not prepare you.
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31 January 2025 | 2 replies
.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.
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29 January 2025 | 4 replies
Plus, it integrates seamlessly with accounting tools like QuickBooks, making bookkeeping much more straightforward.Whichever account you choose, look for one with no monthly fees, online banking, and features like automatic bill pay.