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Second thoughts about Florida
I wanted to move to and invest in real estate in Florida for along time. I am having second thoughts now, insurance is high, hurricanes can destroy everything, and I just don't feel as confident as I once did. I love ...
Walter Wintermute
Withdraw from 401K or Roth 401K to pay off Rental Property
Hello,I am 62 and nearing retirement. I have a remaining rental property with a $120 K mortgage. Unfortunately, this property has a variable interest rate that is currently 6.5 %. Reviewing my 401K over the past 5 yea...
Zack Ladwig
Tenant wanted a roomate, changed her mind after move in
I have a weird situation and was hoping someone could give some advice.My renter has been a trouble free renter for 5 months, she (Suzie) is living by herself and makes more than 4X the rent. She recently came to me a...
B R
Going on vacation out of the country--who should answer tenant calls?
We are going on vacation in August and wondering whom we should get to mind our "store" of 3 SFH's while we are out.
Thinking of having a friend with property management experience take the checkbook and the bat phon...
Sean McKee
Chicago Move In Fee. What is everyone Charging
Hello Everyone!I’m closing on a 4 unit in Little Village next week. I have rentals in Cicero and always charge security deposits. However I’m leery to do so in Chicago. It seems too risky with the current laws. I’m d...
Johnny Quilenderino
Where do bad credit tenants go to rent?
I have a new client that is looking to rent, but has horrible credit. He had a major medical issue, he survived (his credit, did not), and now is making decent money on track to make 120k annually. Where do we send cl...
Sean Anggani
How to consider if a rehab is worth it?
I recently bought a not-too-bad 2b2b condo for 395k at 20% down in West town Chicago that I intend to sell in > 5 years, I intend to live in it for 2 years, and rent the remaining years before selling the property....
Jerry Wolf
Insurance requiring replacement of working HVAC Units?!
Newbie here - hoping to get some experience/insight with my current situation...I closed on my first property last month (duplex/house hack in South Florida). Due to outdated electric panels, I had to secure the insur...
Tuan Dang
buying flooded property with new walls. Anything i need to know?
Hi Guys, I am looking to purchase my first flooded property. I have found one that looks good for a buy and hold situation. They have already put up new walls do i need to ask anything like proof of no mold prior to p...
Arnie Guida
Almost Done With Eviction
It's been over ten years since I've had to do an eviction.Tenant has been with me just over one year, rent has rarely been on time, late fees paid other times... I knew an eviction was coming...My biggest mistake?They...