Real Estate Portfolio Management

10/06/22 • 19 min

Profit Knocks

Resources from this Episode

Resources from this Episode

Previous Episode

Evictions: A Chicago Landlord’s Guide to Making Tenants Leave.

One of the most awkward and frustrating things that a landlord has to do is evict a tenant.

When you are renting out your property, you give your tenant the legal right to assume control of the property during the lease period. Although this allows you to collect rent from tenants if things don't go smoothly, it can create a lot of problems for you.

In this podcast, we invite industry experts to discuss how to get rid of bad tenants and what issues you may encounter when starting the eviction process. We understand that Chicago property owners may have a lot of questions for us, so we have discussed many common questions in detail below.

How friendly is Chicago when it comes to tenants?
What is the Residential Landlord and Tenant Ordinance, and what does it comprise?
What are the general rights of a tenant in Chicago?
What is the landlord's right of access, and how much notice do they need to give before they can enter a leased-out property?
How is the security deposit managed?
How much interest is there on a security deposit, and is it mandatory to pay it?
What happens if you violate a lease agreement?
What are the general duties of a landlord?
What are some of the conditions that affect habitability, and can you give notice to them?
What is retaliatory conduct by a landlord, and is it legal?
Any insights into the Eviction Early Resolution Program?
The importance of a good relationship between a landlord and the tenant
The most important things to consider when getting a tenant for your property
What are the main reasons for evictions?
What does an eviction process entail?
What to do when your tenant is not cooperating with the eviction process?
How much does an eviction process cost?
Can an eviction case ever go to litigation?
What is money judgment?
Is it possible to waive the money judgment in exchange for the possession of your property?
Is it possible to represent yourself in an eviction lawsuit?
Some instances when tenants won’t return the security deposit
The biggest piece of advice for tenants
The biggest piece of advice for landlords

Speakers

Denise Katerabik, your host for Profit Knocks
Konstantine Shelegeda, the CEO and owner of Inter Properties. He has 30 years of experience developing and investing in real estate properties.
Aleksandra E Fremderman, owner of AEF Legal PC and principal attorney specializing in real estate transactions, lender negotiations, commercial litigation, real estate litigation, tenant-landlord law, evictions, foreclosures, contract disputes, breach of warranty of habitability, property damage and personal injury.

Resources from this Episode

Profit Knocks on YouTube
Inter Properties
Residential Landlord and Tenant Ordinance
Aleksandra E Fremderman’s email: [email protected]
Aleksandra E. Fremderman’s phone number: 847-791-7357

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Next Episode

Property Security Real Estate

The crime rate in Chicago remains high this year as well and many people across the city have become increasingly worried about their safety. Landlords who own properties where tenants live are even more concerned since they are responsible for the safety of their tenants as well.
One very effective deterrent to crimes both inside and outside of a property is hiring a private security service.
This episode focuses on property security and introduces us to Wade Ingram, the owner of Ingram Security, a premier security company in Chicago, dedicated to serving the safety needs of the community. View our YouTube show that delves deep into the following aspects:
Introduction to Wade Ingram and his security company, Ingram Security.
Why is security needed for buildings and construction sites?
What process do security companies follow when they notice criminal activities on or near the site?
Why do occupied properties need private security?
What is a nuisance ordinance and what does it cover?
What kind of surveillance systems do multi-unit buildings have?
What is Chicago’s security camera rebate program?
Why is a security personnel more of a deterrent than a camera?
How can private security help landlords in the aftermath of an incident?
Can security guards also serve as process servers for evictions?
Does HUD set aside a certain level of money for hiring private security?
Are the rules for hiring private security different for market renters and public housing?
What are some steps that a building owner can take to stay in a good relationship with law enforcement?
Is the Neighborhood Watch program still effective?
What should you look for when hiring a security team?
Speakers
Denise Katerabik, your host for Profit Knocks
George Vega, the Chief Operating Officer at Inter Properties, real estate developer, investor, and the founder of a property investment and home buying company, Rapid Offer.
Wade Ingram, owner of Ingram Security with 40 years of experience in law enforcement. He received training from the Northwestern University Center for Public Safety and the FBI Academy Law Enforcement Executive Development Program. He also holds a B.A. and M.A. degree in Criminal Justice from the University of Illinois and a Masters in Public Administration from Roosevelt University.
Thank you for watching this episode, and we really hope you enjoyed it. If you wish to learn more about global real estate property investments, we have amazing resources, including free guides, expert advice, and shows that you can explore anywhere, anytime by visiting Profit Knocks website.