Property Management Blog

By Tom Shallcross

CHICAGO’S ADU ORDINANCE - WHAT INVESTORS NEED TO KNOW

At the end of 2020, Chicago approved the Additional Dwelling Units (ADU) ordinance in hopes to leverage the city’s existing housing inventory to provide affordable housing options. The program identified five pilot areas within the city in hopes of incentivising building ow...

By Mark Ainley

3 Common Myths Beginner Real Estate Investors Believe

Each year, thousands of people get into real estate investing. Some see it as a speedy way to profit. This happens because the “get rich quick” attitude can lead to bad results for beginner investors.Newbies tend to go into the “win or bust” mode. They put...

By Mark Ainley

SELLER FINANCING 101

Have you ever wondered about seller financing? As an investor, I'm sure you're aware of how advantageous seller financing can be for a buyer. However few buyers realize that sellers can benefit as well. This article will help clear up any confusion and explain the ins and...

By Aaron Zimmerman

Passive activity losses—what are they, and do you need to know about them?

In this article, I'll discuss the basics of passive activity losses. This can be a complicated topic, but I'll boil it down to its essential elements. I'll start by discussing what PALs are and where they're formed, then move on to how you can use them up in...

By Mark Ainley

Develop The Skills And Strategies You Need To Build Wealth Through Property

Months ago, I had a chance to talk with Jonathan Farber, the host of the Millennial Millionaire Real Estate Podcast, and we discussed ways to find great deals and make money in real estate. We had a great conversation with lots of takeaways for the newbie or seasoned investor. &n...

By Mark Ainley

The Chicago Department of Planning & Development recently announced that it will offer land for new ...

Land that the City of Chicago owns and is looking for a development team to redevelop is both left and right of the station. (The above view is looking southeast.)The Kedzie station, above Lake Street, is in the East Garfield Park community area, next to The Hatchery, a shared co...

By Mark Ainley

Rising mortgage rates: This is going to be a bumpy road

As interest rates rise, more homeowners will struggle to afford their mortgage payments. If you’re considering purchasing a home, now might be a good time to lock in an interest rate while they’re still at historic lows. Otherwise, wait until things settle down before...

By Aaron Zimmerman

The Rental Property Life Cycle

Previously, I’ve talked about each stage in the life cycle of a rental property (purchase, rehab, monthly work, and disposition). In this article, I wanted to piece together the entire life cycle of a rental property.Key TermsBefore we start, please see the key terms that w...

By Aaron Zimmerman

The Fix and Flip Life Cycle

I haven't had the chance to talk about fix and flips yet. My apologies to the fix and flip real estate investors for the delay! This article will be a comprehensive guide for understanding the tax implications of fix and flips. There are three main stages: purchase, rehab, an...

By Mark Ainley

Are Real Estate Investments The Best Kind Of Alternative Investments?

Are you an executive who just retired after being in corporate practice for several years?Or an entrepreneur who just sold a business? Perhaps you are a new graduate who received an inheritance unexpectedly? Or, you may be the lucky one who won the biggest jackpot in ...