Property Management Blog

By Tom Shallcross

How Chicago Investors Benefit From the NSBC

By: Tom Shallcross, an interview with Nicky DeLeon and Jeff WeinbergI had the pleasure of sitting down with Nicky DeLeon and Jeff Weinberg who head-up the Northwest Side Building Coalition (NSBC). The NSBC is one of several great organizations within the Neighborhood Building Own...

By Mark Ainley

THE CLOSING STATEMENT: A TREASURE TROVE OF VALUABLE INFORMATION

When you close on a property, at the closing you'll receive the Closing Disclosure. This will show you, amongst other things, your principal and interest, mortgage insurance, escrow amounts, and cash to close. However, there's so much more information that becomes va...

By Aaron Zimmerman

RETIREMENT ACCOUNT FOR THE SELF EMPLOYED

While it is increasingly more popular to become an entrepreneur, there also needs to be some consideration for setting yourself up for future growth. In traditional W-2 jobs, there are 401(k)’s that function as excellent retirement vehicles with some restrictions. When you&...

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...