16 November 2025 | 8 replies
Quote from @Lucas Helliker: I own two multi unit properties in Chicago: a three unit and a four unit.
21 November 2025 | 2 replies
It wouldn’t be a good idea to move in and immediately raise the rent and remove the tenant’s exclusive access to the garage and backyard—that could create tension or potential legal issues.A better approach would be to move into the upstairs unit and, about 30 days before the tenant’s lease term ends, notify them that you’re open to renewing their lease but under new terms—specifically, that both units will share access to the garage and backyard.Moving into the upstairs unit and renting out the lower unit is a smart strategy overall.
17 November 2025 | 11 replies
Chances are that is what you unit is going to look like when they leave
9 November 2025 | 4 replies
The upper unit is 4 bedrooms.
17 November 2025 | 13 replies
These fees are a fixed percentage and never change, so this process should be automated.I've been using the platform for about three weeks, and it doesn't seem like it will get any easier.There are plenty of reports available, but none include all the information I need.Additionally, when an apartment unit is vacant for a month, it doesn't appear in the reports at all.
17 November 2025 | 5 replies
Ok, so each duplex is 2500 sqft, meaning each unit is 1250.
23 November 2025 | 31 replies
While it sounds simple—buy enough properties so the income replaces your current income—there's more to achieving financial independence than reaching a fixed dollar amount.
19 November 2025 | 3 replies
The association could require you to put the wall back.It looks like your unit is concrete flooring, and I assume concrete ceiling.
23 November 2025 | 5 replies
@Bobby Wallace thanks a lot all these ideas will help me focus and achieve my goal.
17 November 2025 | 11 replies
The IRS wants to see that you’re actively directing and managing the business — things like approving budgets, coordinating repairs, analyzing performance, and making operational decisions — not just reviewing reports or responding to occasional updates.So while it’s not impossible, it’s rarely achievable unless you’re very hands-on, even from a distance, and have solid time logs to back it up.If you’re interested, I can share a free REPS tracker that helps you record and organize your hours.