Chicago Property Management Blog

Chicago porches became national headlines in 2003 when a Lincoln Park porch collapse killed 13 college-aged kids at a house party. If you are a Chicago real estate investor, this is a topic you must know about before buying your first property. The cost to get an older porch up to the current Chicago building code can cost you over $15,000 for a smaller 2 or 3 flat.  Prices can exceed $30,000 for 6 flats or larger buildings that ha...

Anyone who invests in real estate has probably heard of real estate wholesalers. A lot of people associate real estate wholesaling with those “We Buy Houses!” signs on the side of the road. But many misconceptions exist about the field itself and the quality of service these organizations provide. So today we’ll address how a real estate wholesaler can add value to your investment portfolio. Wholesaler 101Real estate w...

COVID has shaken things up, and understanding what you can and can’t do is more confusing than ever. Having an ally who understands the rules and will fight for you is paramount. Learn about the landlord process and protocol and learn about a new service coming out to help landlord’s screen tenants way more effectively! Key points:Non paying tenant in ChicagoKnow your rights Evictions prior to covidUnresponsive Ten...

Are you looking for distressed deals? The Cook County Land Bank (CCLB) has plenty and they slip right under most investor’s noses! Rob Rose provides an overview of the CCLB, a socially responsible wholesaler working with investors to turn dilapidated properties into newly remodeled homes. Rob describes CCLB’s acquisition process, their commitment to neighborhoods, CCLB’s unique ability to wipe out liens, and how y...

Have you considered investing in Lake County? Or minimizing vacancies with a 3 year rent-to-own lease? Bill Powers has successfully done both of these actions to scale his business to 250+ rent to own properties in the last ten years. Bill has developed perfect assets, screened each tenant, and assists tenants with lending programs, thus enabling him to keep his occupancy at 99%! Not to mention, Bill's short term rental li...

Originally from Philadelphia, Dan is a great case study of how an out of state investor can crush it in this real estate market. Today he operates in three markets: Chicago, Philadelphia, and Atlanta. Dan started in 2006 as a wholesaler with not much guidance, and by 2019 he had closed on 223 deals with 5MM in profit for him and his partners. Dan is an expert at what he does with tremendous discipline, meditating every day, and prioriti...

The Community Investment Corp, or the CIC, has been a stalwart in Chicago since the 1970s and has reinvented the way owners can create affordable housing units for their communities. Stacie Young was just recently appointed the new President and CEO and she has lots of plans in the works. Learn the various ways investors can interact with the CIC, what the preservation compact is and how it is preserving affordable housing, how emergenc...

What’s your unit goal? Is it 20...maybe 50? Nick explains how his company amassed 1200 units solely in Hyde Park, (not including their north side portfolio). Here you’ll find advice on the different corridors of Hyde Park along with a ten year forecast for the neighborhood. Here we tell why you should never fully give up on a deal, which pockets of Hyde Park present opportunities for smaller sized investors, the be...

You cannot grow without adequate funding. When it comes to private funds, there are so many questions asked as a new investor. Brian Lignelli explains how his company, Continuum Capital Funding can put it’s partners in a position to scale and grow as well as how to prepare to work with them. Having a good network and getting connected with other people is very helpful while growing your business.  Key points:What Is The ...

Several of the Chicago townships have already been reassessed, leaving many owners with an unpleasant increase in property taxes. Tim Jacobs of KSN Law (appeal.tax),shares what he’s seen in the Chicago townships that have been reassessed, and what he feels will happen in several townships about to be reassessed. Tim walks through the basics of how to look up your assessed value, calculate your taxes, and most importantly how to ap...