David Dachtera
Your Take on the NE IL Housing Market
Hello, Folks,I'm looking for other folks' takes on the housing market in the suburban and Metro Chicago areas.For example, ...Rehabs and Fix-and-flips: When you went to sell, how was your time-on-market compared to wh...
Cathy Malmrose
Does tenant's lease always transfer to new landlord / buyer ?
I am selling all my properties this summer and wondering if the new landlord is legally required to honor the terms of my lease or if the buyer can replace the lease with their own? I am thinking they can switch to th...
Jay Voorhees
What is the optimal down payment? Hint: It's less than you think
All too many homebuyers mistakenly believe that they need to put down as much as humanly possible for several reasons: (1) they want to minimize their housing payment; (2) they want to minimize their debt load; and (3...
Gabe Bouldien
Lease Term Ending- Questions
Hey BP team, I have a SFR rental and their 18 month lease ends in November 2023. They have been exceptional tenants. They currently pay $1750/month, which I would say is on the lower end of average for the area. I was...
Eric Carr
Los Angeles RSO to raise 12 mont rent increases to 4%
Los Angeles RSO rent increases follow the Consumer Price Index. Almost every years since 1993, the allowable increase has been 3% (4% for anyone paying utilities). Starting in July, LA RSO is expected to approve a 4%...
Account Closed
Extraordinary and unexpected pandemic increase in house prices...
Here is an article by Don Layton: Senior Industry Fellow at Joint Center for Housing Studies of Harvard University: "The extraordinary and unexpected pandemic increase in house prices: causes and implications" Click h...
Elbert O.
Kitchen/Bathrooms or A/C?
I have a 4 unit multifamily in Chicago and would like to upgrade the vacant unit. The unit is large (1750 sq ft) and is a 3bd/1.5 bath, but the building is old and the units don’t have a/c or dishwasher. PM thinks i...
Daniel Lehman
Applicant denial question
Do I need to tell every applicant why they're denied? Thus far I just tell applicants that don't get chosen something along the lines of "Thank you for applying, however, we have decided to move forward with a differe...
Account Closed
The Rise of Single-Family Rentals
People are trading homeownership for rental properties in large scores.For the last decade the number of renter households has been on the rise. A Housing Vacancy Survey found that between 2005 and 2015, the market ex...
Sai T.
Millions face eviction, poverty as unemployment benefits expire
Millions face eviction, poverty as unemployment benefits expire with COVID-19 relief bill in limbohttps://apple.news/AfFH3WC3oRf...