Buy & Hold

Property Management, When Is it Time to Oursource

  Adding properties to your investment portfolio diversifies your risk and can certainly lead to more passive income, but with more properties comes more challenges (and more work). If you have the time and skills to manage multiple properties on your own, more power to you. But, if you’re getting to a point where you’re…

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SFR Rent Growth Continues to Hit New Heights

This is a repeat of an article from Wealth Management.com Year-over-year rent growth in the single-family rental sector is closing in on double digits with demand remaining white hot. Bendix Anderson | Oct 25, 2021 Investors of all types have been drawn to investment-grade single-family rental properties and their eye-popping fundamentals all year and there’s no end…

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How Does New Credit Impact Your Score/FICO

We’re not credit experts but we have a referral partner National Care Credit  (NCC) who are.  This is the latest from NCC. The new credit section of your credit is broken down into basically two parts: Inquiries (where you have already received brilliant tips on) and new accounts. When obtaining a new account, regardless of…

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Chicago rents, mortgages both on the rise and breaking records

by Liz Hughes  January 26, 2022 Spurred by rising mortgage costs, December’s average monthly rent grew to $1,877, a 14.1% increase from the previous year and the largest annual jump since February 2019, according to a new Redfin report. Mortgage payments also saw double-digit percentage growth last month. Nationally, monthly mortgage payments grew 21.6% from the…

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How to Get Rid of Bad Smells Tenants Leave Behind

Remen Okoruwa Remen Okoruwa is the co-founder of RentDrop, a payment app making rent payment.. Getting rid of bad smells after a tenant moves out is one of the unpleasant parts of being a landlord. But, if you don’t take the time to do this, issues with funky odors or a foul stench can severely impact…

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Eviction crisis unfolds as courts process backlog of filed cases

by Lindsey Wells  December 21, 2021   Eviction filings are rising as millions of Americans are being forced from their homes months after lawmakers allowed the federally imposed eviction moratorium to expire.  The federal eviction ban, along with other state and federal laws imposed during the height of the pandemic, was a lifeline for those…

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When a Chicago Building Permit IS NOT Required

We often get questions on how to do a renovation without a permit in the city of Chicago. Well here’s the official answer: A building permit is NOT required for the following types of minor work for any type of existing building* * Excludes proposed and designated Chicago Landmarks and buildings in proposed or designated Chicago Landmark districts. For more information, contact…

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Mortgage Interest Deductions 101: What You Should Know

If you don’t enjoy doing your taxes, you’re not alone. (Sometimes, it even feels feel like hot pokers under the fingernails.) But taxes can be fun when you understand how to make the best of your personal financial situations. Savvy investors must understand the power of taking all of the deductions you can—legally, of course.…

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WHERE ARE THE BEST SUBURBS FOR CITY-LIKE LIVING?

The Dallas and Chicago metro markets offer some of the best suburbs for city-living and suburban atmosphere, according to StorageCafe. By Vincent Salandro Courtesy Adobe Stock While the suburbs have not always been able to compete with cities in terms of lifestyle offerings, shifting expectations in recent years have caused many suburban areas to offer more…

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Fed sees three rate hikes next year

Fed sees three rate hikes next year Fed will aggressively dial back its bond buying, sees three rate hikes next year PUBLISHED WED, DEC 15 20212:01 PM EST UPDATED WED, DEC 15 20216:28 PM EST Jeff [email protected]@JEFFCOXCNBCCOM SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email KEY POINTS The Federal Reserve provided…

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