JOLIET,IL RENTALS

[Ray Jansma]

Anyone familiar with Joliet, IL rentals? The numbers seem good for cash on cash return, cap rate, ROI, etc. But..

1) How easy is to find deals in the Central area? (East of Infantry, west of Center St)

2) How high are taxes for SFR?

3) How strict are the code enforcement for rehab

4)Vacancy rates

5)Appraisal values after rehab, are they decently high still? Is the area pretty stable in appreciation?

6) Are rentals high in demand? 

Thanks for any input whoever invests in Joliet!

[Aaron Mikottis]

1) Right now the Joliet market is reasonably hot. Actual good deals aren't that easy to come by. 

2) Taxes in Joliet are relatively high, but you should be able to take the public tax records and plug them into your numbers. 

3) Couldn't tell you

4) Very low. I rented out my duplex in a week. Very high pressure on the inventory as a large public housing project is getting broken up.

5) I'd say so but look to others for hard numbers.

6) Extremely

7) Haven't had to deal with an eviction myself, but I've heard that Will is landlord friendly. 

All good questions. I think that Joliet is a great place to be with their job and population growth. Take a look at news articles to see what I mean about jobs coming in.