Recently, I had to pay $60 for an HVAC tech to simply tell me that the air filter needed to be changed on a 4-month old HVAC system in one of my rentals. The tenant called and stated that the air temperature was readi...

Hello all,
Nick Sidoti gave a presentation yesterday to my local REIA.  He calls himself DR. Cashflow.  He basically hangs his hat on the fact that he is the national guru on special needs housing.  The local governm...

I had an outdoor unit “freeze up” on a tenant. Hvac guy says the unit read fine so no freon needed, etc. Filter had been changed a few weeks earlier and was clean enough but supposedly restricted air flow can cause ...

Kind of a cautionary tale...

A good friend of mine asked me to look into property that his Grandfather owned, his Grandfather (G/F) just passed. His Grandmother passed less than a year ago, they were married ...

So what is everybody's opinion on being more proactive with your property and having scheduled services done throughout the year. Which ones would you do?EXAMPLESFall & Spring Landscape Target Date: March/April an...

When buying a rental property, do you put a clause in the contract that collected rents will be given to the buyer at closing in a pro-rates fashion? Also, what about security deposits? Or is this part of the usual cl...

When managing a rental property, here are some common maintenance expenses to be aware of. Some can be passed on to tenants, while others are usually the owner's responsibility:1. Sewer Cabling/Drain Cleaning: When th...

How do I influence/motivate a tenant to want to take good care of their house? I want them to fix small problems themselves, do routine stuff like shoveling and mowing, and call me if there's a problem with the house.

I am selling one of my properties and it currently has a tenant. What are the laws about kicking out tenants so we can sell? Do we have to wait for the lease to end? Or can we just give them a 60 day notice? I don’t w...

Hi All, I've been looking at a number of mixed use commercial properties in the Chicago area by using BP tools as well as my own spreadsheet analysis.  I don't have experience with estimating costs for retail units an...