Chicago Property Management Blog

What is the BRRRR strategy when investing in real estate?  This is actually an acronym that breaks down the steps of a specific real estate investing strategy.   This investment model is a popular way for people to invest in properties where they can add value and keep as little of their own money in a deal as possible. The main goal is to have the least amount of personal capital in a deal after the refinance step.  This...

What does it mean to be a BRRRR investor? First, lets answer the question: ”what is BRRRR?”  This is actually an acronym that breaks down the steps of a specific real estate investment strategy. The aforementioned investment model has become a very popular way for people to invest in properties. Value can be added to the property and the owner can spend minimal amounts of their own funds. B-BuyR-RehabR-RentR-Refina...

GC Realty & Development, LLC manages investment properties for a total of 360 owners. Within that total, close to 300 of our owners are now located out of state or out of the country.  Not all of our owners are true real estate investors, some were living in their home here, moved away, and turned their property into a solid investment.  Owners who live elsewhere in the country, or the world, will find this article especia...

I recently had the opportunity to speak with Emil Shour and Michael Albaum, both from Roofstock. We took the time to dive deep into investing here in the Chicago real estate market. This specific episode is perfect for investors who are looking to gather more information about opportunities here in the Chicagoland market. https://remoterealesateinvestor.podbean.com/e/market-deep-dish-dive-chicago-illinois-with-mark-ainley/Chicago i...

The current year has been unpredictable and challenging. There are many new laws and ordinances that have been passed these past few months that Landlords must be aware of. The new Chicago ordinance under the CRLTO has added another layer to that unpredictability in the real estate investor market here in Chicago.As of July 2020, here are the new guidelines you must follow to stay in compliance as a Landlord in Chicago. If you are curre...

As a business owner, real estate investor, or even both, there will be a multitude of mistakes that you will make over the years. Some mistakes will be larger than others, and some mistakes will be so bad that you may never share them out of pure embarrassment. This story I am about to share is one that I have kept to myself for the last three years. With the current eviction moratorium, and Cash for Keys being a viable option for many ...

This year, for the second year in a row, GC Realty and Development, LLC is honored to have been included in the Inc. 5,000 Fastest-Growing Private Companies in America, ranking  in the 2,861 spot. Considering there are nearly six million private companies in the country, it’s safe to say these firms truly form a unique group.  It all began in 2003 with an idea that was simple, yet unique for a small business; Create a co...

Landlording in ChicagoBeing a Landlord is never an easy job, despite what is shown on the internet and on tv. In reality, being a successful Landlord is only possible through hard work, some sacrifice, and by having a supportive team surrounding you. Being a Landlord in 2020 has proven to be especially difficult based on the inability to remove non-paying tenants from properties. Here in Chicago, I am pretty confident we will be prohib...

On our most recent show, Topics Discussed Include:$5,000.00 Illinois Grant still available for Illinois Renters affected by Covid and behind on rent.  The grant gets paid directly to the Landlord and can go towards future rent too.Maintenance of your furnace to include changing filters now and set up for year around changes plus the easy solution of making sure you change out your thermostat batteries.Cleaning of your gutters ...

On our most recent show, we discussed the breaking news in regard to President Trump’s most recently signed Executive Order. This order that was signed Saturday makes evicting a non paying tenant nearly impossible for the remainder of 2020.  We also discuss what options you have as a Landlord if your tenant in Chicago has stopped paying their rent. Topics Discussed Include:President Trump’s signing of  multipl...