Chicago Property Management Blog

Three Critical Tenant Screening Tips

By Mark Ainley Sunday, November 7, 2021

When a landlord screens potential tenants themselves, paying attention to certain red flags can save them future headaches. By thoroughly vetting applicants, property owners can get a better sense of who might occupy their rental home. Will they pay on time… or at all? Wil...

The Chicago House Hack

By Mark Ainley Tuesday, November 2, 2021

David Geen said househacking is the Stephen Curry cheat code of real estate. Many folks agree and have leveraged this strategy to kick off their successful REI careers. However, there are real risks that arise the moment you become a housing provider. Joey Poshinskas is an e...

Self Storage - No Toilets or Tenants

By Mark Ainley Friday, October 29, 2021

Fernando Angelucci has spent the last decade becoming one of the largest wholesalers in the Chicagoland area. Fernando successfully scaled his wholesaling business to a goliath and used the same skill sets and systems to establish and grow his self storage portfolio.Would you pre...

Acquire, Fund, and Develop Distressed Properties in Chicago

By Mark Ainley Monday, October 25, 2021

Malcolm Gladwell popularized the idea that it takes 10,000 hours to master something. Well, if that’s the case, Mike Olszewski has likely mastered his craft several times over. To date, he has sold over 17,500 REO properties, developed properties and has even begun his own ...

Three Things to Consider Before Investing in C Class Neighborhoods

By Mark Ainley Wednesday, October 20, 2021

Not every real estate investor will have the resources to own rental properties in A or B Class neighborhoods. And some don’t care. With the right scenario, rental properties in more challenged areas can still make good, profitable investments for property owners. Below we ...

Seven Factors that Determine Your Commercial Loan Rates and Terms

By Mark Ainley Friday, October 8, 2021

Most real estate investors, especially when just starting out, use personal credit to obtain conventional loans to buy rental homes. And this may work fine for you today, but how serious do you intend to get about your investing tomorrow? But if you plan to increase your portfoli...

Five Vital Things to Know about Investing in Self-Storage Facilities

By Mark Ainley Thursday, September 30, 2021

The best three things about investing in self-storage facilities over rental homes: no tenants, no toilets, and no trash! Plus you can expect to double your money in 3-5 years. You only need about 35% occupancy to break even; even with debt, less than 70% will balance out the boo...

How to Successfully Flip Properties on Chicago’s Northwest Side

By Mark Ainley Tuesday, September 28, 2021

Knowing a couple of Chicago’s neighborhoods intimately is definitely better than knowing a hundred superficially. That’s exactly what the Property People did in Chicago’s northwest neighborhood. Owners use their knowledge to know how deep they can dig a basement...

What is Just Cause Eviction Proposed Ordinance

By Mark Ainley Monday, September 27, 2021

What is the Just Cause Eviction Proposed Ordinance? Where did it come from and then what do we have to look out for? If you currently have a tenant living in your rental unit, would like them to vacate at the end of the current lease term, you could be giving up a lot of y...

Three Things You Must Do to Win at Real Estate Wholesaling

By Mark Ainley Saturday, September 18, 2021

Considering real estate wholesaling? We forgive you for thinking of it as an easy way to quit your 9-5. But as many new wholesalers soon find out, real estate wholesaling can still occupy your time like a regular job. The industry comes with nuances far different than buying sing...

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