Property Management Blog

By Mark Ainley

What is Underwriting and What are Some General Underwriting Assumptions?

What is Underwriting? From a lender or investor’s perspective, underwriting is the process of determining an asset’s market value by analyzing the current operations and projecting the property’s future cash flow and net operating income (NOI). Financial project...

By Mark Ainley

The Fair Housing Act – Ensuring Everyone Has a Place to Call Home

The Chicago Fair Housing Regulations prohibit housing discrimination on the basis of race, color, sex, gender identity, age, religion, disability, national origin, ancestry, sexual orientation, marital status, parental status, military status or source of income. See Munici...

By Mark Ainley

Why You Should Invest in Chicago Real Estate

The last year I had the opportunity to speak with Emil Shour and Michael Albaum, who work at a real estate investment company called Roofstock. During our conversation, we talked about investing here in the Chicago real estate market. I think listeners will find this discussion e...

By Mark Ainley

Passive Income, The Income Generated with Little Effort.

Passive income is money you make while you sleep. It's great because it's easy to set up, and it doesn't require much maintenance once it's running. It differs from active income – a job for example – which requires specific performance in order ...

By Kevin Cawley

Here's What You Need To Know About Cost Segregation.

Cost segregation is a tool for tax planning that is commonly used by commercial property owners. By using cost segregation—separating out fixed costs from other construction costs—an owner can view how quickly a property depreciates, therefore allowing them to reduce ...

By Mark Ainley

Be Sure To Pay Attention To Cook County Property Taxes.

On multiple occasions, throughout this podcast, we've said you have to watch out for your property taxes.In February each year, Cook County Treasurer releases the property tax rates to the public. These numbers are then used to determine your tax bill. But...

By Mark Ainley

VILLAGE INSPECTIONS - WHAT YOU NEED TO KNOW

Here’s an informative blog post from our residential property management company about how cities and local villages are playing a larger role in the investor’s life cycle around owned real estate. You will learn about Point of Sale Inspections, Annual Rental License ...

By Mark Ainley

The 5 Most Common Mistakes When Using the BRRRR Strategy

Imagine you are in a room at a real estate investor networking event. You hear someone say “BRRRR.” Chances are, they are not talking about the air conditioning, but rather discussing the popular investment method known as the BRRRR method.So what is the BRRRR st...

By Mark Ainley

Three Signs Of Progress In Your Community

When choosing a community for an investment, Ciere Boatright, Vice President of Real Estate and Inclusion at the Corporation for National and Community Service (CNI), recommends looking for these signs.In this short clip from the episode, Ciere shares great tips and secrets ...

By Aaron Zimmerman

How Accountants Contribute to Your Business

Tax preparation and tax planning are two valuable services offered by the best CPA (Certified Public Accountants)/EA (Enrolled Agents). In this article, I'll detail some ways a skilled accountant can help your business. Tax preparation is ensuring you and your rental bus...