Blogs

Join us for a Progressive After-hours on 9-4-14!!

Join us for a Progressive After-hours on Thursday Septebmer 4th!!
 
We will begin at Baytowne Apartments
1000 Baytowne Dr.
Champaign, IL 
5:30-6:30
 
Then we will go to One North
1601 N. Lincoln Ave.
Urbana, IL 
6:30-7:30
 
This will be a fun way to check out some of our members properties and you could win a $25.00 Visa gift card.
 
*you must visit both properties to qualify for the gift card
 

City of Urbana proposes ordinance to amend city code to require relocation assistance for tenants.

Below is a portion of the memorandum that describes the proposed ordinance.
 
Proposed Ordinance:
Community Development and Legal staff worked together to develop language that would meet 
the goals identified by the Mayor and Council in its 2013 direction to staff and would fit within 
the framework of the City’s related ordinances. The ordinance is intended to encourage
landlords to better protect tenant’s interests in the event of relocation by providing them with 
reasonable relocation costs.

Vendors Wanted for CIRPP Vendor Fair

Central Illinois Rental Property Professionals
2014 Vendor Fair
BOOTH RENTAL:
Member - $50.00
Non-member - $100.00
(non-member fee includes a 3 month trial membership)
ADVERTISING:
Front Cover - $75.00
Back Cover - $50.00
Full Page - $30.00
Half Page  -$15.00
 
 
*We need one more
 $250.00 sponsor 
for the IPad giveaway
Food Sponsor 2 @ $100.00 each
Beverage Sponsor 2@$100.00 each
 

2014 Vendor Fair is this Thursday!!! See you there.

 
2014 Vendor Fair
This Thursday....See you there!
 
 
Grand prize: Apple I-Pad
Drawings * Food * Beverages
When
Thursday
Oct. 2, 2014
From 5:30 to 7:30 pm
Where
City View Meeting and Banquet Center
Illinois Terminal
45 E. University
Champaign, IL  61820
 
 
We look forward to seeing you October 2nd!

 

Why is a Tenant's Credit Score Important?

In my experience as a landlord for the last 42 years a majority of tenants that I have worked with have credit scores below 650. A good score is over 700. A large number of tenants have a credit score below 600. Why is a 700+ credit score important? Your credit score tells a story about you. It says that you take paying your bills seriously or not. In this instance, past performance DOES predict future performance. If you pay your bills on time, you will have a credit score above 700. If you pay your bills late or whenever YOU feel like it, you will have a lower score.

Investment Vacancy Rate

Investment Vacancy Rate Reshaping an Industry Standard for Rental Property
 
Vacancy Percentages, as reported by most sources, are a snapshot in time.  They are capturing the number of vacant units out of the total number of units and determining a percentage.  How does that translate into your investment pro forma?  It doesn’t.  That’s the problem.  That’s the industry misnomer that has existed for many years.