I get a lot of questions about issues which come up at a home and what it should cost to repair. Being a real estate broker gives me access to a lot of publications and information. This link is a national benchmark; obviously, this number could vary widely in individual towns and various markets. http://realestateinvestingtoday.com/what-is-the-true-cost-of-home-improv… I’m always big on finding good value for our owners but at the same time make sure they are capable of doing the job, responding in a timely manner, and backing up their work.
As with many areas in the United States, rental demand continues to climb in the Chicago area. The latest data from the Federal Reserve suggests that now is a great time to be a property owner since during the last three months of 2015 property owners’ rental income amounted to around 4.3 percent of the U.S. national income. Meanwhile, key takeaways from the “Emerging Trends in Real Estate” report published by the Urban Land Institute and pwc has us looking forward to successful investments for properly managed rental assets.