Jorge Guadian
New owner tenant lease is up refuses to sign a year lease
Purchased a duplex March 3, 2017. One of the tenants lease was up last year so basically they have been on a month to month. I informed the tenant I was going to raise the rent and if they wanted to continue renting ...
Gene Clark
STR Utility cost in Kissimmee resort communities.
Looking to get into the Kissimmee market, and I’m looking for some insight on monthly expenses.What is the going rate for insurance, and monthly utility cost for about a 7-bed, 3,000 sq ft house? What are you usually ...
Joe DeLuca
Septic Install - Deductions/depreciation
Good Morning everyone,So, here's the scoop, I'll be closing on a triplex (first deal, house hack, Hunterdon Co. NJ) within the next month. We are replacing the old (really old) septic system via a FHA 203K loan after ...
Ibn Abney
Criminal Checks in Chicago for tenant screening is now illegal??!
Cook County makes it illegal to refuse to show or rent property to people with certain criminal records.Looking for thoughts and advice from more seasoned landlords/ property management firms. Especially in urban mark...
Chris Cozzens
Commercial Kitchen Space - Assistance Needed
Hello BP, I posted this in another thread, but hoping this one may be more suitable.I am in need of some advice / guidance. I own a very large food processing company, we are currently renting out kitchen space in an...
Asom Tawil
I cant find exact location of vacant lots I bought
I bought some empty Lots. Some have an adress which I can plug into my iphone maps and get directions to. However the other lots dont have an address, so I have to guess by the satelite images on the GIS website, th...
Danny Duran
?Chicago’s Residential Landlord & Tenant Ordinance - Subleases (Mun. Code ch. 5-12-120)
BP Chicago Folks—in preparation for my upcoming “landlordom,” I’ve been researching the Chicago Landlord-Tenant Ordinance, “Subleasing” pasted below.The landlord must accept a reasonable subtenant offered by the tenan...
David Green
Chicago Condo Association (HOA) - rental regulations
Does anyone know if a condo association (6 unit building) can pass rental restrictions that prevent you from renting? I think my association is trying to pass a rule so I can no longer rent out my unit (I am currently...
Larry Asiak
Can I change locks?
I have a tenant who has been renting for 2 years. Have had some issues, but nothing major. The second lease was for 8 months and has expired in September. My lease defaults to month to month. I have been tryi...
Jerry Poon
Deal Analysis
Am I doing my math right?I found a place for around $130k. Mortgage with 20% worst case is $700/month. Research is telling me I can get around $1200-1400/month for rent. Here are the numbers:20% down = $26,000Overesti...