All Forum Posts by: Mark Ainley

@brie Schmidt I will be in San Francisco!!!!!!!

I have him heads up u might.  He does texting too. 

Roy A. - this is a good guy to know and has been in biz for 15 years now.   If he can't do it due to beig busy he will refer you to someone else qualified.  

LET HER DIE THERE!!!!  

I hate turnover and love long term tenants and she sounds like she isn't going anywhere. Across the county tenants are not allowed to pay "on the side" but they are allowed to "pay extra to rent garage", "lease parking", or "lease the appliances from you" and this is legal in the eyes of HUD so long as the HUD contract does not include any of the above so that is a way you can maybe make up the difference.

But if not I am not sure what type of work(management time) you have put into this unit over the 6 years but I imagine it was little to none otherwise you would have mentioned it so let her be.

You can get numbers from Joe Talarico who is real estate attorney in Chicago but he also is a partner in Barrister Title which is a smaller title company where you can usually get some better pricing.  

708-935-5205

[email protected]

We use Andrew Martea 312-399-3785 or 312-546-9951

[email protected]

His office is right next to Daly Center so his costs are lower due to less travel.  He can also run over there for anything anytime if motions need to be filed.

We always are very cautious in Chicago on this and even if the seller doesn't give us the deposits at closing we will honor it and pay interest based in the date we closed.  

Wesley, I did just send you a PM.  Without knowing address I would talk you out of buying retail in Cook County and getting a smaller return with a lot of risk in a class c property.

 Thanks Brie

@Brie Schmidt 

Another approach could be duplex down to had more space to the first floor unit which in return you should get more money.  You can avoid any zoning issues and the buildout will be cheaper if you don't have to add another kitchen, furnace, a/c, water htr, etc.... From a management standpoint it is one less tenant to manage.  Adding another unit can be a pain when it comes to the city so don't DIY and hire someone like mike B.  

I have also seen people keep the ceiling in finished (more of a loft/industrial look) to get the height they need if only off by a couple of inches.  Doing this you have to make sure you have the insulation/fire rating required. 

@Mike B. undefined

Hello all,

Does anyone know a roofer that will do a shingled roof in South Shore / Greater Grand Crossing neighborhood of Chicago?  I need to get a roof replaced in next couple weeks on a 2 Flat. 

If you are a roofer feel free to solicite me!!