.✅ 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!

Unlike banks, which offer limited loan options, brokers have access to a wide network of lenders, including niche and non-traditional financing sources.Here’s what they do:Assess your financial situation to determine your borrowing power.Compare multiple loan products to find the most favorable terms.Negotiate rates and terms with lenders on your behalf.Guide you through the application process, ensuring you meet all requirements.Example: Suppose you have a lower credit score or unconventional income sources.

Here's a detailed guide on how to screen applicants: Application Screening Guide 

Even when talking with some real estate professionals who would seem to have an incentive to help me with renting out my property, I have been met with serious warnings (they pretty much say don't do it).

I was advised today by a retired real estate professional, who is licensed, that if you offer an application to someone for a loan, you must be licenesed by the DRE.

When I spoke with a real estate professional, she said the home would probably sell for around $250k in its current condition.

Readers should seek professional advice.

Hi everyone,I’m looking to dive into the real estate market here in the Des Moines/Metro area and would love to connect with experienced investors, agents, or professionals who are willing to share their insights.I’m particularly interested in learning about your experiences in this market—what’s worked for you, lessons learned, and any advice you’d have for someone getting started.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

You will be asked to disclose this during the application process, and not doing so is concealing a debt and would be fraud.