Gian Carnero
2-flat Listed As SFH
Hello all,
This is my first post so bear with me. I'm in the early steps of purchasing my first home to be used as rental income and it happens to also be my first property. The property is in Chicago, has a first fl...
M Parsa
converting to individual water meters
I own a property with two duplexes and a house that are all on the same water meter. I spoke to the utility company and they said to split it up and put an individual meter on each unit would cost at most $8000. I a...
Ming Lim
Reserve Fund Estimate?
Hi BP!
I'm working on some calculations for an apartment building. 6 story, approx 30 units. For an SFR, I typically keep about 8-10% of the homes values as cash reserves. What rule do you use for a large mul...
Gino Barbaro
What is the best management solution for 10-50 units??
When we first started out, we employed resident managers on our properties. We had a 25 and a 36 unit, and each had a resident manager that we issued a 1099 and paid a percent of gross revenue. As we grew, we replac...
Jeremy Medina
How would you manage utilities in a 2 unit with no separate meters?
I am closing a deal on a SFH that has an attached ADU. I am not sure yet but I am thinking LTR for the main portion and perhaps MTR/STR for the ADU. It is not separately metered and right now I don't see adding a mete...
John Westbrook
Chicago's ADU...Insanely powerful
Howdy Chicagoans! I have been quite excited about the possibility of this ordinance being passed and in effect 8.1.20 and have been thinking about the best way to implement a strategy. For those who are just hearing ...
Jeff Lee
Wall Paint Opinions
Living Room: Bed of RosesBathroom: Dark Night ZeroBedroom: Herbal ZeroCeiling: Pure WhiteTrim/Crown Molding: Undecided, will take suggestionsPlease give your opinion on the paint color choices. Thank you.
Sarah M.
How to invest 300k euros cash
Hi I am new and just thought I' d jump right in. Background, we own one flat in France where we have 100% equity and a great tenant in place. We have our niche, the town in France where we already have one proper...
Serge S.
Considering wifi or cable to offset RUBS in 56 unit apartment complex
I am just about ready to implement water, sewer and trash submettering on a 56 unit complex. We completed a retrofit so that all units have a water main that is submettered. A separate company will do the meter reads,...
Edward Kuk
Non legal garden unit chicago
Hi everyone,Hope you all are having an amazing weekend. My wife and I saw a multi unit that we really liked today. Biggest problem is that the basement unit is not legal. I did some research and think it’s pretty clos...