But if the lease terms are murky, if renewal conditions aren’t guarenteed, or if the airport authority could dramatically shift the deal down the line, then you should be asking for a discount..or at least some protective clauses in the contract.I’m curious... if you were to step into this kind of leasehold now, how do you think you’d explain the upside to your future buyers or partners when you eventually decide to exit?

They won’t offer financial advice or specifics about what they think you should do but are there to answer questions and help you look at things from different perspectives.

Hi @Jen HoangI came across this post while researching how investors are navigating 1031 exchanges today, and I think your questions are still super relevant.. especially given how much the real estate market has shifted over the past year.

I am admittedly a newb in the process of getting all of this set up for my first rental (so correct me if I'm wrong) as well but I have some IL-specific perspective to offer: From what I have read, as of 1 Jan 2024 in IL, landlords cannot exclusively accept EFT payment of rents (includes Venmo, Zelle, etc.) for leases starting on or after that date.

Hey Tim, Thanks for your perspective.

When people take advice on here, they need to consider all things involved and not run with one perspective.

Curious to hear the good, the bad and the ugly from multiple perspectives. 

Not sure where your research came from but what I was basing my perspective on, was from a professional working knowledge of being on the ground observing.

That perspective will help me focus on developing and reviewing statements tailored to the scale of my property.

Maybe that shift frees you up to snag a fourplex in Austin or something solid in Omaha.