Tag Archives: Budgeting

Ways to Increase Income for your Income Property

Logan Square Apartments

We landlords always love to increase the income we generate from our buy and hold income properties. However life is generally pretty busy for a landlord and it’s quite possible to have the same rent for years while expenses are always increasing. This obviously puts downward pressure on cash flow. The nice thing about positive cash flow is that our revenues can increase at the same rate as expenses and we’ll still have more cash flow at the end of …
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City of Chicago Garbage Fee One to Four Units

City of Chicago Garbage Fee

This garbage fee smells like garbage. Gone are the days when you didn’t have to pay a garbage fee for one to four unit properties in Chicago! This fee will now be unified with the Chicago Water and Sewer bill and will come every 6 months just like the water bill used to when it was paid on it’s own. What does this mean for one-four unit property owners? Chicago Garbage Fee for One to Four Units: $9.50 per month …
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How to Effectively Project Manage

Budget: Expected cost is one of the first things you should identify when evaluating a project.  Regardless of how many zero’s a project has in its budget, you should set a benchmark to help you determine the appropriate scope of work for a project. By setting a benchmark budget early on, scope and timeline can be finalized to meet budget.   If your project is a DIY – walk the isles of your local hardware or big box store to look …
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