All Forum Posts by: Mark Ainley

60637 has a wide variety of areas good and bad. Are your tenants section 8 or market tenants? We do manage 56 units in that zip code. We are not fans of any streets in the 7000 blocks (we do have some there though)east of King Drive because the areas are rougher (sure crime maps will show that) and less quality tenants to choose from.

We use both firms below for the last few years. For a special project you will get more personal attention with Dennis Nolan.

Dennis M. Nolan, Esq.
Law Office of Dennis M. Nolan, P.C.
221 West Railroad Avenue, Bartlett, Illinois 60103
630.213.7700 (T); 630.213.7735 (F)

or

Raila & Associates, P.C

(312) 587-9494

Welcome, there are many investors from the area such as myself. Many new and seasoned to talk to.

Welcome to BP fellow Bartlett investor.

I have never heard or used them but we use Andrew Maratea for our landlord work and evictions. Their firm is young and aggressive and they use a great process server.

[email protected]

(847) 924-7498

Welcome!! We manage/own many multi units and SFH in Chicago so any advice, templates, leases, contacts, or just want to run something by me please feel free to do so.

I have one also including our riders too if you want it. There are no required changes for 2014 other than the interest rate. Feel free to email me and I can send you what we use. [email protected]

Investing on south side is tough and the roller coaster statement is a fact but the prices currently(over last few years) have never been this low even in some better areas of the south side. The recent bubble was created by mortgage fraud but mostly in past and again in the future will be based on investor speculation and flipping.

A property manager is everything down there. We have been buying investments since 2008 and have built a new business around managing our own properties cause I don't think I could trust anyone else to do the job. Collections, maintenance, & City ordinances are so more labor intensive then even the suburbs. We do have about 75% section 8 so we are able to keep tenants around a few years at a time and amount we are trying to collect is reduced. We spend more money on maintenance and upkeep to our buildings but it pays back dividends with limited turnover. One good thing about southside is there are a lot of slumlords and most tenants have been with one or two in their life so they do appreciate a good home when they get into one.

Buy low and sell high! The signs are always there for turning markets so it isn't hard to know when to sell. Much harder to manage. As an investor from out of state or area always suggested to partner in with an active operational partner that can oversee day to day.

I own property on 6000 block of may in Englewood, and a bunch around Escanaba in South Chicago. Would be more than happy to discuss or even visit these later this week. Feel free to email or call me.

(847) 924-7498 Andrew Matea. AXIA law Group