All Forum Posts by: David Stefanovic

The one eviction I experienced took about 4 months.

2 bedroom / 2 bath condo with balcony on the 2nd floor in Mount Prospect (Northwest Suburb). Includes 2 parking spaces. Monthly assessment $224.00 (includes water, building insurance, exterior maintenance). Annual property tax $1,627.81 (2013).

Condo is updated and well maintained and has excellent long term tenants with month to month lease ($1100/month). Tenants were properly sreened. Never any issues with late or no payment of rent. Well run association with no special assessments. Condo is in prime location (Algonquin and Dempster) making it easy to rent!

Please contact me for any additional information and details. Thanks!

It's important, especially with a property manager, to go over all the details (big and small) and type of service and fees you will be receiving prior to signing any agreement with them.  It's important to have total transparency and mutual understanding, otherwise, you will find yourself with the same problem with future property managers. As Ashley stated, try to sit down and have a conversation with your property manager and revisit the agreement, etc. If he or she is not cooperative, look for another one!

Congrats Tawanna! That is awesome and may all your REI dreams come true!

Good deal and nice job with the rehab! Looks like a good rental property.

If your numbers are correct, I would personally flip it. Hire a trusted general contractor by getting referrals and make it out to the property when you can to check on things. Personally, a 2 hour drive is not that bad. The house looks like it has a lot of potential and for $21k, it appears you got a fantastic deal! Even if you sell the property on the lower end ($400k), you should come out with a hefty net profit! Good luck.

2 bedroom / 2 bath condo with balcony on the 2nd floor in Mount Prospect (Northwest Suburb). Includes 2 parking spaces. Monthly assessment $224.00 (includes water, building insurance, exterior maintenance). Annual property tax $1,627.81 (2013).

Condo is updated and well maintained and has excellent long term tenants with month to month lease ($1000/month). Tenants were properly sreened. Never any issues with late or no payment of rent. Well run association with no special assessments. Condo is in prime location (Algonquin and Dempster) making it easy to rent!

Asking $128,000

Please contact me for any additional information and details. Thanks!

I had a full time job (9-5) and was a part-time realtor for almost 3 years, working evenings and weekends. It can be done and you will learn a lot about real estate this way!

Is this property in Chicago Heights? If so, I think I know which property you are looking at.

Thanks to all who responded! Appreciate it! I will definitely look into Indy, KC, and OH.