Chicago Property Management Blog

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 single or multi-family rentals. So to help you get started, below we recommend three things you must do to win at real estate wholesaling.What’s A Real Estate...

With its downtown riverwalk, larger home lots, and true suburban living, Naperville is a diverse market drenched with opportunity. Josh Mitchell has carved out his niche as the go to guy in the area, acting as both an investor and a broker for Re/Max in Naperville. Josh answered some FAQs for people thinking about pursuing a similar career trajectory and explained the nuances involved within the Naperville sub markets on Episode 80 of t...

The CRTLO has been an extraordinary challenge for many Chicago investors for almost three decades.  The extreme demands have even bankrupted quality housing providers.  It’s time to take a stand and demand that Landlords be treated fairly in the city of Chicago. That's why we need you to take action.Alderman Brian Hopkins of the 2nd Ward has bravely sponsored “Ordnance 1911” that requests fair treatment o...

Do you happen to own stocks that you are thinking about selling? Do you also own a commercial property? If so, now is the time to consider cost segregation. Using cost segregation on your commercial property will lower your taxable income. This will make your capital gain less when you sell stock and potentially lower your capital gain tax rate. Key PointsCapital gain is any profit you have from selling an assetCapital gain tax ra...

So how do you build that successful team? Gary Davidson, is not only a rock star attorney, but he is the definition of a go-giver. In today’s episode you will learn how asking the question “how can I add value to person X?” can solidify your network and propel you on your journey. Key points:Providing value as a new investorTop mistakes of Chicago investorsWhat to ask when hiring a real estate attorney As a proper...

Roman Viere manages and operates over 900 apartment units, and the majority of these units are located in the Austin neighborhood. Austin is geographically Chicago’s largest neighborhood and offers everything from a 9-hole golf course to struggling store fronts. It takes a hands-on approach to analyze, screen, and operate in a neighborhood like Austin, and Roman provides tactical insights and street-level knowledge useful to anyon...

Like many Real Estate professionals, Jonathan Klemm transitioned away from a career with a W-2; what is remarkable about him is his background working with Walsh Construction, which is one of Chicago’s largest construction and contracting companies. Jonathan has taken everything he learned about managing large scale projects and applied it to smaller, investor focused projects.Key points:What to ask potential contractorsInvestor f...

With the Lake, a world-class University, and a plethora of transportation, Evanston is an extremely attractive and diverse marketplace for many investors. Jaimie Steinher of Essex Realty exclusively covers Evanston, and provides on the ground insights to help you navigate the different pockets of the city. Jamie lays out cap rates, average rents, and tenant expectations in an episode packed with tangible takeaways.Key points:Overview of...

For many Chicagoans, the front porch of a home has been the focal point of countless memorable times. Since COVID, the importance of “outdoor spaces” in real estate has re-emerged as a priority for plenty of homebuyers, too. But how many investors know how to evaluate the build quality of a property with a porch? Now only that, but what is the process like when wanting to add a back porch to an existing property? How do you ...

As most of you know by now, in February Cook County passed the new RTLO.  Then in June 2021 the ordinance officially went into effect in all areas of Cook County, excluding Chicago, Oak Park, Mt Prospect, & Evanston.  While many have been scrambling to remain in compliance, creating new bank accounts for security deposits, we have been 1) in the same boat and 2) working on a new lease for our residents in Cook Country.&nbs...