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Hello,I am considering doing an AirBNB on my primary home and wanted to see if anyone has successfully registered and completed the city of Chicago process for Airbnb. I ussually do long-term rentals and thinking of ...
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I'm looking at potentially getting into Section 8 investments. interested in hearing from investors that hold these in their portfolio. How have these properties performed from a cash flow perspective? What issues h...
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Hi,
I recently bought a property and the tenants are using the garage as a bedroom. I know I can and should serve them notice. I'm wondering if anyone has language suggestions for this notice. Not sure if there is a ...
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I'm refinancing a 5 unit apartment building and the bank just started doing "EDR Collateral Screening". I think EDR stands for "Environmental Data Resources". The result is quoted below:
" EDR collateral screen out...
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Hello BP!I'm hoping someone might have some guidance on a recent event that happened at my property in Cicero. Long story short is that my tenant apparently had some friends that stole from a local corner store and we...
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Hi everyone, My name is Nate Broekhuizen and I just started as a Property Manager a few months ago and currently manage about 40 units. Consisting of single family, duplexes, and two fourplexes. The previous Property ...
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Hello BP community.I have been looking at several 3 and 4 flats on South side of Chicago and was wondering if some local contractors could give us a general rule of thumb for costs to gut rehab each unit?Light rehab, ...
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We are selling a house in Indiana and received an "inspection" report from Home Depot. Even though the paint and carpet are brand new, installed just before it was listed, it states they need to be replaced. Even t...
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I am a relatively new investor. Started in multifamily buy and holds in 2014. Decided this year to do my first flip. I found a deal that I want to put an offer on, but how do I structure the offer? For me I would be o...
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Q1-Can HOA force enter my condo unit's front door to access my rear patio for some non-urgent maintenance-like inspection, painting or coating?Q2-Is there a way to block HOA from direct entering my home from my front ...