We have an operational general contracting business here in Chicago, but we are slowly building technology solutions around it.Always looking to connect and talk shop around tech and real estate...would love to connect!

Also, when we signed up, the sale agent didn't give us a hard copy of the contract and didn't disclose all the fees that involve with city.In addition, I also found out from my research and from my brother in law, who recently purchase a home, that the hero program is not what it seems.

I did not offer a renewal of their contract and they will be leaving paid in full, however if it wasn’t for the 3 months deposit I took upfront, we would have had some problems possibly.  

The contract went into effect on June 21st.

Department of Energy under Contract No.

I'll stick with them.Do you have someone that you work with that can finance a 13 unit under contract for $895K?

Once you have the property under contract, go market to local businesses to find your replacement tenant. 

Depends how professional the current PMC will be about the transistion.First, have client get all leases.Then rent ledgers.Make sure you get a copy of their current management contract, so you understand the Termination requirements - you don't want to break any state agency laws and have the curent PMC file anything against you.Make sure the client follows the Termination requirements BEFORE you take over.Suggest the owner emails their Termination notice to current PMC and copies you on the email.

Of course, you might want to consider the possibility that there is a real legal reason why they don't want anything to do with the problem, like they didn't actually have the right to give you a deed.

Pref Rents are below "legal max" and can potentially remain there forever (or as long as that tenant exercises their legal right to renewals... allowable increases are based on the Pref rent as well.