To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Does anyone have experience with Subject-To deals in Chicago?

Once you are start building your team, your funnel becomes a lot stronger and you will know immediately if a deal makes sense and if it is the right deal for you.Happy to hop on a call and share my experience!

They often have up-to-date knowledge of local regulations and can provide insights based on their experience.

I would like to personally thank everyone for sharing your experience and advice.

I can also ask if the defendant has called in to verify they will be present for the hearing.In my experience, many tenants will disappear before the court hearing.

STR's require immaculate staging, marketing, and appeal to younger, high-earning audiences who will happily pay $300-500 / night for a "unique experience".

If you owned it between 1 & 2 years, 15% state and federal taxes on $550kIf you owned it more than 2 years you get $250k or $500k tax free and owe taxes on $300k or $50k.  

Do you have extensive experience with them?

They can guide you on the most cost-effective and efficient path forward to protect your interests and ensure compliance with legal requirements.Feel free to reach out if you have any other questions.