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26 January 2025 | 9 replies
Each duplex was bought with an average purchase price of around $270K and is getting an average of $1350 a month in rent
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16 January 2025 | 1 reply
Self managers can reduce their PM costs significantly. - Furnishings and Design: Active vacation rentals are usually sold furnished, vacant homes are not.
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31 January 2025 | 21 replies
The off peak is late winter/early spring (March to May) and we've had no less than 30% occupancy with an average of around 45%.
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9 February 2025 | 5 replies
If you really hustle and are smarter than the average bear, you may make enough money that you can buy an investment property.
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5 February 2025 | 5 replies
Matter of fact they should not reduce interest rates because that will fuel inflation.
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14 January 2025 | 27 replies
We signed P&S agreements on 6 different properties totaling 20 units approximately 8 months ago and received a call today that the price we thought we were buying at has to-be increased on average 13% due to the increased cost of construction.
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4 February 2025 | 0 replies
A zip code average of an area does not represent an individual property’s characteristics.
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22 January 2025 | 12 replies
I like this idea because it reduces the potential vacancy I could have by doing a short 3- to 4-month lease that ends in April or May, then starting over with a year lease.
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23 January 2025 | 6 replies
Even if you only averaged 2.8% appreciation annually, which if you've had it 20 years I have no clue how that's true given prices have well more than doubled in that time, youre skipping over the fact that you have been benefiting from that appreciation on the ENTIRE house, not just the % you paid for.
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31 January 2025 | 2 replies
.✅ Professional Tenant Screening – Property managers have systems in place to screen applicants thoroughly, reducing the risk of bad tenants.✅ Knowledge of Chicago Rental Laws – A good property manager stays up to date on local laws, helping you avoid costly legal mistakes.✅ Maintenance & Repairs Handled – No more emergency calls at 2 AM about a broken water heater!