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21 January 2025 | 35 replies
In addition, the PM is running a business and insurance (GL and WC) costs money.
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22 January 2025 | 12 replies
Here are a few additional strategies that might help mitigate risk if you decide to rent the property:Hire a Strong Property Management Company: While you’ve already spoken with some PMs, consider finding one with extensive experience managing single-family rentals in Cook County specifically.
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19 January 2025 | 354 replies
I’m involved in a private LLC that owns land in which we are asked to provide additional $ for property taxes every year.
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7 January 2025 | 5 replies
Additionally, you want to start building your "Core 4": agent, GC, lender, and PM.
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10 January 2025 | 8 replies
That is in addition to clauses that require anyone that stays more than 7 nights in 12-months to apply (then it becomes our choice if they are treated as a temporary occupant or tenant) and prohibition of subleasing.
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2 January 2025 | 50 replies
Business should start to extend only because there is nothing left to eat in the market not because you are losing in the competition.
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6 January 2025 | 5 replies
Additionally if you find this post helpful please give it a vote on the right hand side of this post.
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7 January 2025 | 5 replies
Additionally, I expect applicants to follow instructions in the advertisement and application, to make and keep appointments, to show up on time for appointments, dress and behave appropriately at appointments, and in general demonstrate throughout the process that they are someone that is easy and pleasant to do business with.
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3 January 2025 | 3 replies
In most single family zoned areas adding a single ADU is not a value add meaning it will not add more value than the hands off cost of the addition.
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5 January 2025 | 24 replies
Here's a quick breakdown:Unforeseen Property Issues: Hidden damage, bad tenants, major repairs – these can eat into profits.Vacancy Woes: Empty units mean lost income, impacting cash flow.Market Downturns: Property values can drop, affecting your investment's performance.