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...
Hello Everyone! This is my first time posting, hopping to get some clarity. How do you accurately charge for repairs, cleaning, damages and labor for things you do yourself verse highering someone when your tenant mov...
I purchased the QuickBooks training package from LandlordAccouting.com a while back. I've been doing everything as described in thier PDF manual, and I'm using the QuickBooks company template file they provided. They ...
We are ready to start on making our goal of 12 years ago come true, to build our custom home mortgage free. We are just 1 tiny step away! But we have came across our first road block.This is what is happening 12/3/15 ...
I want to invest in reo's.I lost my job 2 months ago and don't have any earnest money to put in with my offers.There are some great deals that end up passing me by.I have offered more then asking price.Also I offer t...
All:I'm about to begin the annual update on my lease for my student rental properties. What started out as 4 pages in 2006 is currently 17 pages long. And I expect it to fill 1/2 of the Library of Congress by the time...
This happened to me a few months ago. I hope you can learn from my mistakes and experiences. My last eviction taught me its easier to work with a problem tenant getting them out versus forcing them out with their fee...
I had a prospective tenant call me the other day, who seemed very excited about a house I have for rent. In the process of telling me she was interested she told me she was taking her current land lord to court becau...
I’m at the stage where I need to get my finances more organized. Previously I had one property and one bank account but now I have three- one just finished a rehab and the third the rehab is underway.Two use a PM but ...
Hello BP family,I closed on a duplex at the end of December. The home is fully occupied and the tenants were made aware that the home was being sold. One of the tenants has already paid for December, but the other one...