All Forum Posts by: Tan Su

 @Mark Ainley Thank you Mark! I'm currently managing 24 doors and hopefully can grow into 100 in 2025! I'd love to learn from you and other PMs to get more experience, please don't hesitate to contact me if there is anything I can do to help! 

hi guys, I have been a broker for almost two years now focusing on Multifamily apartments in Chicago. Things are going well so I have officially started the property management section of my business as well. I have just taken in two customers, remote California investors - both 6 units apartment with the following fee structure. Any suggestions? Referrals? I only want to manage 4+ units buildings at certain neighborhoods, so I can only decide to accept or not after the owner disclose the location to me. I am very handy person and I fix things myself and I am very caring for each tenant, do you think the following fee structure sustainable? Feel free to shoot me a message if you have PM need in Chicago, I can manage things well at a super reasonable fee. 

1. 
   

   Management Fee. - 6% monthly, based on each month’s gross rental revenue

2. New Lease. - Included in management fee

3. Renewal of Lease. - Included in management fee

4. Eviction. - Included (Serving Notices to Tenants residing at the Property only)

5. Preparing the Property for Leasing. - Included in management fee

6. Other. - A third party platform fee will pass on to the Owner, per unit, about $7 per month per unit.

2 years later in Nov 2024, i am checking in to see everyone's opinion to the question on the original post. - What do you think will be the

I have bought from Cook County Land Bank, you can pm me. 

 I don't know, are you willing to try?

 I am currently prefabricating modulars in China in compliance with IBC/IRC, the bigger challenge now lies on shipping cost and tariffs. 

@Roseann Koefoed hi Roseann, would love to connect with you and learn the new construction, I am planning on doing something similar! can you message me your contact? 

can i have any references as well? thanks

6 unit apartment bldg - all 2b1b's

I've been investing in several states and six month ago I came to Chicago from SF Bay Area CA and got my first 6-flat in uptown, it's been performing way better than expectation. In general I feel Chicago is at least better than California in terms of everything except weather and weather related expenses.