When working with investors I often get sent properties and asked – “Is this property a good deal?” “Will my rental property be profitable?”
I built this calculator to help you have a better understanding and the data necessary to answer those questions. You can also use this calculator to dial in your price range given the additional costs associated with owning/managing a property.
This is a question as old as rentals themselves. The TL;DR (too long, didn’t read) answer is: As much as the market will support. But how do we get to that number? Read on to find out!
When it comes to HOA or Community Management there are usually two types – professional management companies or self-managed. Both have their benefits. Let’s take a look at what these types of services provide an association.
Why is the washer full of quarters but the dryer is empty? It’s common for the appliances to be off a bit on coins, but by how much?
Every industry has its not-so trustworthy individuals. Property Management is no different. In this post I’ll discuss bill markups. It’s important to know the costs associated with bill payment as it can add up quickly.
Every industry has its not-so trustworthy individuals. Property Management is no different. In this post I’ll discuss flipping units. This may go by other terms but I call it “flipping units”. This is the practice of not renewing a lease, causing the unit to “flip” and change tenants.
A Property Manager is an agent for the property owner. They oversee the day to day communication and operations of the property to ensure it is safe and habitable for tenants and a profitable business endeavor for owners. From collecting deposits to paying vendors, they’re responsible for the property’s budgeting, finances and accounting. Simply put: A professional landlord and project manager.
UPDATED: August 25, 2020 The deadline to submit application for the Emergency Rental Assistance program has been extended till Friday, August 28, 200. Illinois Governor JB Pritzker has extended the eviction ban to allow for Emergency Rental Assistance awards to be...
From time to time it becomes necessary to replace large appliances and recently at one property it was time to replace the very old washer and dryer. This is our story of new units, a gas leak, and true costs.
Water can quickly destroy a property. Simple leaks become major issues when left to drip and destroy wood, drywall, flooring, etc. This simple repair potentially saved our new property owners thousands of dollars down the road all because a minor issue was overlooked or neglected by prevous owners.
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We aim to partner with our Property Owners and Tenants to create a win-win-win for everyone. We welcome the opportunity to partner with you and your tenants. Click the button Say hello. Let’s get started.