All Forum Posts by: Michael K.

@Brad Eckert I have the nest and eco bee and they’re about the same. With either you are able to set a pin so that the tenants can’t change the settings.

@Wilson Hunter

If that’s the case then hopefully he gets burned on the decision. Since your post is from today I’m guessing this just happened in the past few days, so the property may still sell at the new asking price.

@Dan Marl

Good question Dan. I think the more the better but it depends what your market is like. If it’s an area with nice single family homes your potential buyers will want to get the full experience of the home when they walk in. If instead, the property is a tear down or gut then probably just make sure the electric is turned on so that people can find their way around.

@Bruce Woodruff

Nobody is making jokes here.

@Bruce Woodruff

Then I guess I can’t expect people from wherever you come from to understand that it would be idiotic to make generalizations about an entire city of people based on a comment made by one individual from that city.

Back to the topic at hand. If I have a verbal agreement to sell a house for 400k and then get an offer for 450k before any papers are signed you better bet that I’m having my client sign the contract for 450k. Can you imagine trying to convince the client otherwise? Obviously if my client wants to keep their word then I would support that decision, but I couldn’t fight them if they wanted to take the higher offer.

@Wilson Hunter

If he was representing any client his job would be to effect the highest possible sales price, why should it not be the same for himself? I understand it’s kind of a jerk move but not reprehensible by any means. He might just not have looked at the comps recently, sometimes prices change drastically in just a few months.

@Olga Shkolnikova, I will try to help. What ward is your property in? There has been recently been some pushback around O'hare and Midway as hotels have been complaining that it is taking away their business at the same time as they are experiencing huge losses due to COVID-19.  

@Account Closed Hi Trace, got a couple of questions. What kind of work do you need to have done? Who told you you would need permits and how did the inspector walk the house while you were not there? 

@Jeff Schemmel Can't do much about the sun but if your attic is getting hot you should consider venting it better, the heat from the inside may be melting the ice + exacerbating your problem. Another thing you can do is scrape down your roof after a huge snowfall. Annoying but then again we usually only get monster snowfalls 2-3 times a year.

I think it is easy for everyone to downvote retail space right now because of covid, but obviously there are still a lot of brick-and-mortar businesses operating out there. I think in this situation you need to bring your own qualitative analysis into the equation. Take a look around, is the property on a street with dozens of other closed-up storefronts? What's the condition of the retail unit in the building? Is it better or poorer than nearby spaces? How much will it cost to rehab? What type of businesses are in the vicinity? Is there a lot of foot/car traffic? 

It could be a deal or it could not be. If it can cash flow with a high vacancy rate factored into your profitability analysis it might be a buy. You might try testing the water and seeing what kind of demand for retail space is out there. Call nearby retail spaces for rent, ask what kind of interest they are getting, do your due diligence, and best of luck!

Reach out if you need someone to bounce ideas off of.