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...
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...
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...
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...
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). ...
[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...
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...
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 ...
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...
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...