@Borys Pawlowski office in Roselle and live in St Charles but we also manage many properties in and around Algonquin.  

Lessons Learned:Effective Marketing: Strategic marketing quickly attracted buyers.Local Expertise: Partnering with Archie Ragland, who had local market knowledge, was crucial.Whole-tailing Efficiency: This strategy proved effective for quick, profitable transactions.Challenges:Market Timing: Pricing and marketing the property correctly to ensure a quick sale.Coordination: Seamlessly managing the process from securing to selling the property.

If so, how did you manage it?

At Partner Driven, we provide comprehensive support, including funding, strategic guidance, and project management.

I’ll have our property manager’s contractor handle this (or do you think I’m better off hiring a plumber?)

These tools streamline your analysis and improve your due diligence.Finally, build relationships with sellers, property managers, and agents.

Typically, in this situation, I advise my property management clients (in Florida) to terminate the month-to-month tenancy of a tenant who is causing problems like this and to place a better tenant in the unit.As for the tenant who is requesting to get out of their lease, of course, you do not have to release them from a lease term on that basis, but look to your lease and state laws regarding their ability to terminate the lease (whether a lease term or month-to-month).

You want to leverage your current home's equity to buy out of state and do Section 8 (very difficult for new landlords and very hard to sync with property management) or flip out-of-state?

Don't just manage the business.

Hire a sober house manager who has significant clean time.