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16 February 2020 | 4 replies
The Cook County Human Rights Ordinance: This ordinance prohibits people in Cook County (including employers, landlords, property managers, real estate agents, store and restaurant owners, bankers, lenders and Cook County government officials and employees) from unlawfully discriminating against or harassing other people on the basis of that person's race, color, sex, age, religion, disability, national origin, ancestry, sexual orientation, marital status, parental status, military discharge status, source of income (including use of a housing choice voucher), housing status, or gender identity.
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14 February 2020 | 3 replies
Depending on how your taxes are set up, a CPA could recommend forming an LLC or an S-Corp (from a legal standpoint, they offer identical protection, but could offer differing benefits from a tax standpoint).
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25 February 2020 | 31 replies
Usually cold applications coming from Zillow have the credit/background check (they can use those anywhere for 30 days), while I only send an invite to apply thru TenantCloud or Cozy (which apparently is difficult to complete, as I have two of four applicants right now stuck on verifying their identity in order to send the credit checks) to those I've pre-screened.
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24 February 2020 | 7 replies
Me and grandfather just built an identical house out of town (32x48) w connected insulated garage for 62k including septic and well which was about 12k on its own.
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26 February 2020 | 5 replies
While the returns for properties in rough neighborhoods may look great on paper, you need to account for the turnover costs, theft, and vandalism costs that are going to be associated with your property.
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29 February 2020 | 4 replies
I’ve heard about self managing owners creating alias cards or introducing themselves as the “property manager” using a pseudo name for identity protection.
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2 March 2020 | 11 replies
If you have two identical 4-plexes sitting next two each other with different rental rates, they are typically going to sell for about the same amount.
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27 February 2020 | 2 replies
All 3 buildings are identical with 10 units. 6 one bedrooms and 4 two bedrooms.
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28 February 2020 | 2 replies
They have a bunch of multiple choice questions to prove identity, like which one of the above seems like a correct county you might have resided in etc.
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1 March 2020 | 0 replies
Still in business and now profitably after a hurricane, stroke, deaths, theft... now that we have survived a hellacious opening with everything going wrong around us, we are MUCH wiser with a strong CPA and poised for growth with solid numbers for years to come.