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13 June 2024 | 1 reply
I'm so use to being involved in the day-to-day business of the property management side of things so I'm struggling to understand how much the new property manager should be communicating with me and how often.As an example, I had a tenant break a garage door recently (drove into the door on accident).
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15 June 2024 | 11 replies
In the under $400k price point I'd look at Fairfax, Alexandria (not the brick garden buildings, but newer buildings) and Springfield.
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13 June 2024 | 7 replies
IMO- Building a relationship and speaking with them.
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14 June 2024 | 2 replies
.- Technology: use of data analytics that can lead to more informed investment decisions, and integrating innovative technologies to improve operational efficiencies as well as improving tenant & investor experience- Strong Investor Relations: consistent, ongoing and transparent communication and educational opportunities for investors, including a peek behind the curtains inviting them to the office for events and internal investment committee meetings- Customer-Centric Services: customized solutions to meet specific needs and interests of various investors and full-service offerings from brokerage, property management, leasing, to funds/syndication opportunitiesWhat else did I miss?
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16 June 2024 | 16 replies
Do this for a year or two and build up more cash, and then do it again.
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16 June 2024 | 23 replies
Beyond that, most self storage only being 8 1/2 foot tall or so wide, a 10 x 30 or 10 x 40 storage unit can't handle RV's and boats.Recreation areas/cheaper land: The way you beat your competition is to build closer to the Recreation areas or on routes to them, from the populations.
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15 June 2024 | 5 replies
Both are older homes, the 3/3 was renovated in the 80s.2/1 home is prime candidate for a tandem house out back or teardown and convert to Rowhome zoning, (properties were recently rezoned just across the alley tandem homes, ADU already zoned ok) 3/3 is newer, on a double lot, but my thinking is that I could hold these for a while, go through the rezoning process and sell both if/when the neighborhood continues to get hot enough for more density building, possibly work with a contractor friend of mine to get going in this direction, or try to do construction of tandem home behind 2/2 and then adu behind 3/3 home.Are there any resources for spreadsheets or analysis specifically in this realm/that I could show my financiers to calculate the projections on this?
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15 June 2024 | 8 replies
I noticed your link was actually to the previous Chicago Building Code "13B".
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18 June 2024 | 31 replies
Lol, all jokes aside, that is a crazy request...I would tell them that I have no information on any drug use in the building.
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13 June 2024 | 5 replies
Is it common practice for the property manger to not communicate about non payment of rent?