All Forum Posts by: Jesse M.

Only a handful of people in this thread know what they're talking about. The others are throwing off BS they read on Forbes or CNBC. Cryptocurrency (maybe not necessarily Bitcoin) will encompass a significant percentage of money in this world. If you don't agree, you simply don't understand the technology. Anything based on blockchain (also known as distributed ledger technology) is going to revolutionize every aspect of our lives. Do your own research and come to your own conclusions. For sure, don't just believe what a few luddites on BP have to say.

It's totally going to be Chicago. Rahm will put all possible chips on the table to make it happen. Corporate relocation is so ingrained into his desire for this city; there's just no way he's going to let Amazon pass by.

bump

In your opinion, what's a reasonable premium to charge for a fully furnished unit? Let's say that I would rent one of my units for $2000 if it was unfurnished. Is a 20% premium ($2400) reasonable for having it fully furnished? Aiming for the traveling medical professional demographic.

Just curious, most posters are commenting that they want "$$$$ net per month" but for the sake of clarity, how is everyone calculating their "net?" Are you talking about NOI or taking debt service into account also? Because $10,000 net/month with NOI is a lot different than $10,000 net/month of pure cash flow (all debts/expenses taken into consideration).

 Tons and tons and tons of luxury rental skyscrapers going up all over Chicago.

I've considered moving towards a flat non-refundable fee versus SD but am still using SD because I believe it allows me to nab a higher quality tenant. The only advantage I see with the flat fee is that it can be treated as a bit of a profit center; charge $350 upon move-in and hopefully need less than that in clean up/repairs upon move out.

I have a sneaking suspicion that you won't be receiving many replies to this one.

Very interesting and informative. Thanks for sharing.

Not specific to Chicago, but one of the most important addendums for me is about clogged toilets/drains. I state that the tenant is responsible for clearing any and all clogs and I give a list of prohibited items to flush. I also state that tenants are responsible for changing their own light bulbs.