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Results (1179)
Mason B. 6 unit section 8. what to know
23 November 2020 | 5 replies

There is a 6 unit multi-family building in Chicago’s Douglas Park (subpar) neighborhood that advertises a “14%” cap rate as a “guaranteed subsidy.” Aka section 8. It’s also on the MLS. The building is $380k. Fully occ...

Sam Hopkins What tips do you have to reduce tenant impact?
17 March 2019 | 11 replies

What tips do you have to make your tenant not destroy things or help them able to pay their rent? For instance when I buy a new rental I:

1. Remove anything that is hanging.
2. Take down all curtain rods and replace...

Daniel Estigoy The most common problems tenants call to complain about
1 September 2015 | 19 replies

hey there i will be new to landlording in a few months and would like to get my single family home ready to rent. what are some things in my house should i focus on repairing or replacing before a tenant moves in? wou...

Chris Lawrence Quarterly Rental Property Inspections
10 July 2019 | 10 replies

I currently have (3) rental properties and was wondering what other landlords do for quarterly inspections- if you do an informal walk around of the outside and inside of the property or if you have formal checklist t...

Marco G. Make Ready Costs: Repair or Improvement?
11 October 2015 | 3 replies

Just spent a decent amount of coin doing a make ready during a vacancy.  Come tax time, how do you generally categorize these expenses? Two biggest expenses were flooring (improvement) and interior painting (repair). ...

Ed O. Tenant emergency procedures
25 June 2019 | 8 replies

[b]Had a close call recently. Had a wonderful 2 handle faucet that was slightly running (smashed washers, couldn't shut off 100%) and a tub drain that couldn't keep up with it. Luckily we were able to avoid a big disa...

Joe M. Multi-Unit Deal
19 July 2010 | 2 replies

This is a 3 unit building located in a very desireable school district and in a very convienent location.

Each of the 3 units has 2 Bedrooms, 1 1/2 baths and garage parking. Comparable rents in the area suggest that...

Joseph Scorese BUY, SELL OR HOLD?
30 June 2015 | 1 reply

BUY, SELL OR HOLD?It seems that at last, the US real estate markets have recovered from the downturn of 2005-2010. Now that we have returned to a sense of normalcy and recovery, it is a great time to be a real estate ...

Samantha Klein Tenant removed smoke detector
15 December 2017 | 16 replies

I went to my unit to work today while the tenant was at work. I noticed the smoke / Carbon monoxide detector had the batteries pulled. I texted him and he said it keeps going off when he cooks and even when he puts so...

Bret Bordwell What should I provide as a landlord?
25 May 2012 | 4 replies

Two specific questions, but I hope this covers the general subject of what a landlord should provide.
For one, what about HVAC filters? I want my system kept clean, so should I provide filters for the HVAC?
Second, ho...