Posts Tagged ‘#property management’

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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Judge Vacates CDC’s Eviction Ban, But Appeal Delays Action

Judge Vacates CDC’s Eviction Ban A U.S. District Court judge for the District of Columbia ruled Wednesday that the Centers for Disease Control and Prevention’s nationwide eviction moratorium is unlawful, striking down the ban and delivering relief to housing providers who haven’t been able to collect rent from struggling tenants for more than a year. But the…

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Rental Property- Deciding Between a Class A or B

We recently received a question from a client doing a 1031 exchange about how to decide between properties. The client was nearing the end of their 45-day deadline to name a replacement propertiy.  The first property, built in 2018 is in a nicer area, with very that have a 9.8.7 School rankings.  The list price…

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Governor Pritzker Extends Eviction Moratorium Until January 9

December 14, 2020 Governor Pritzker announced on Friday, December 11 that the eviction moratorium would be extended another month until January 9, 2021. The modifications include specific language regarding a minimum of 5-day notice for eviction actions. Also, the order specifically prohibits an eviction action against “a tenant who does not owe rent” and an…

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What are the Room Requirements For Section 8 Tenants?

A useful article from property manager Mark Ainley We know many of you have or will have, buildings with Section 8 tenants. We thought it would be helpful if we shared the room requirements (for both bedrooms and rooms in general) for a home/unit occupied by a Section 8 tenant.  There is a lot more…

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How To Become A Landlord

According to the IRS, 10.6 million taxpayers claim rental income every year. Are you planning to be one of them? Being a landlord is rewarding, but like all worthy endeavors, it’s hard work. Knowing what to expect and how to handle the unexpected will help you be a happy, successful landlord. Here are 12 steps…

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4 Rules Landlords Must Follow to Get Through the Pandemic

I wish we could take credit for writing this but we can’t. Great article from Mark Ainley of GC Realty and Development LLc April 18 2020 Bigger Pockets Reprint Author: Mark Ainley It’s doubtful anyone in the world will make it to the end of the summer unaffected in some way by the COVID-19 pandemic.…

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