** THIS PROPERTY ALSO HAS BEEN REDUCED** (price reflects the reduction)
Friday, August 23, 2013
OPEN HOUSE THIS WEEKEND!!
We are hosting an Open House for this lovely property located in Plainfield, IL.... You can apply for this property on site.
Wednesday, August 21, 2013
Monday, August 5, 2013
RETALIATORY EVICTION
What is it?
Retaliatory eviction is retaliating against a tenant for asserting their legal rights. In most states it is illegal for a landlord to retaliate against their tenants.
What are some legal rights of a tenant.
· Complaining to a government authority
· Deducting money from rent to fix defects the landlord has not repaired.
· Exercising the right to assembly (joining or organizing a tenant’s union)
Examples on how a landlord might retaliate
· Increasing Rent
· Terminating Lease
· Refusing to renew lease
· Decreasing Services
In most states the law presumes that the landlord is retaliating if the tenancy is ended or the services are reduced within a certain amount of time after the tenant exercised his or her legal right within usually a six month time frame.
You Can Still Evict an Otherwise Bad Tenant
Non-payment of rent, violation of rental agreement, making necessary repairs to the unit (that requires the unit to be vacant). Bad faith complaints to authorities. The most important thing is to comply with the letter of the law at all times and to have a supportive paper trail.
*As always read your lease and consult with an attorney if need be.*
Tuesday, July 30, 2013
Our New Website!
Wilday & Smith Property Management & Leasing has a BRAND NEW user friendly website.
Go Visit Us @ www.wildaysmith.com
Thursday, July 18, 2013
Buy & Hold Real Estate Investment
Flipping homes may be a great but only a fraction of people
who chose this approach are successful at it.
For most people who want to get into real estate investing the best way
to make money in real estate is to focus on the long haul by buying positive
cash flow properties and keeping tenants for a long time.
If you make smart real estate purchases by buying decent positive
cash flow properties and putting money into improving the property and selecting
good tenants, you can earn a nice and somewhat passive residual income.
Buying and holding can be a great long term wealth building
tool….it just simply takes time.
Monday, July 15, 2013
PRICING YOUR RESIDENTS OUT
With raising rents some low-and middle income residents are
feeling the pressure in some markets. Rental
owners and Property Managers may need to evaluate their tenants financial
situations before making the decision to increase the rent. Otherwise, you may price your resident out of
renewing their lease.
Saturday, July 13, 2013
NEW LISTING!! Wonderful Custom 5 Bedroom 4 Bath Home In Naperville
Go to our Facebook Page for lot's of GREAT pictures of this property or visit or website at www.wildaysmith.com and click "Available Properties". For a detailed report with pictures of this Wonderful Property!
Monday, July 8, 2013
A LITTLE HISTORY: The Smith's Behind Wilday & Smith
The Smith's of Wilday & Smith
The name Wilday & Smith was created by using the President of Wilday & Smith Property Managment & Leasing, Great-Grandmother’s maiden name
Vivian Wilday and the surname of the President’s Great-Grandfather’s name Harvey Smith.
Vivian Wilday and the surname of the President’s Great-Grandfather’s name Harvey Smith.
The two were married in 1922 and lived in a Greystone on Washington Street on Chicago’s Westside during the 1940’s until death.
BEST PLACES TO BUY A HOUSE TO RENT
Las Vegas, NV
- Vacancy rate: 8.6%
- Average rent: $803
Orlando, FL
- Vacancy rate: 7.9%
- Average rent: $871
Colorado Springs, CO
- Vacancy rate: 5.3%
- Average rent: $713
Memphis, TN
- Vacancy rate: 11.2%
- Average rent: $682
Jacksonville, FL
- Vacancy rate: 10.2%
- Average rent: $800
Houston, TX
- Vacancy rate: 10.2%
- Average rent: $792
Atlanta, GA
- Vacancy rate: 9.1%
- Average rent: $849
Columbus,
OH
- Vacancy rate: 8.6%
- Average rent: $690
TIPS ON HOW TO KEEP A GOOD CREDIT SCORE
1. Charge some regular bills to a couple of credit cards and set
up automatic payments to pay the balances in full each
month.
2. Keep open your highest-limit credit cards, since those have a
strongly positive effect on your credit utilization ratios.
3. Having plenty of credit cards may be good for your scores,
but don't lose track of due dates. Set up account alerts and
consider automatic payments so that at least the minimum
balance is covered each month.
4. Having and using a couple of credit cards, and paying off the
balances in full each month, will help you get good scores.
5. Having installment loans (such as a mortgage, auto loan,
personal loan or student loan) as well as credit cards on
your credit reports can help you speed the process of
rehabilitate bad scores.
6. The less of your credit card limits you use, the better. Using
30% or less of your limits is good, 20% or less is better,
10% or less is often best.
7. Keep track your medical charges, and follow up if your
insurance hasn't paid a provider. There's no requirement
that you be notified before a medical account is turned over
to collections.
8. Negative marks on closed accounts, (late payments or
charge offs) can stay on your credit for seven years and
positive accounts can be reported indefinitely.
9. Take advantage of your free annual credit reports, since
many contain errors that should be fixed. This does not hurt
your credit if ordered from a federally mandated site.
10. Decent credit scores are required to get a loan from any
mainstream lender. If you do get a loan with "manual
underwriting," you're likely to pay a higher interest rate for it
- MSN
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