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Kenton Knows
United States
Приєднався 30 лип 2020
I will be sharing what I've learned owning and managing multi-family apartment buildings and a residential real estate brokerage firm in Chicago for nearly 20 years, plus my corporate experience in construction and real estate on a national level. Civil Engineer Undergrad from the University of Illinois at Urbana-Champaign and MBA - Finance from University of Chicago Booth School of Business. I also enjoy talking about finance and business, so I intend to include my thoughts and opinions on those areas as well. Please follow Kenton Knows on all social media including my public facebook group, Kenton Knows - Real Estate Investing, Property Management and more.
3638 West Diversey Unit 1F - Video tour #logansquare #chicagoapartments #apartmenttour
This is a video tour of 3638 West Diversey, Unit 1F, Chicago, IL 60647. This is a 3 bedroom, 1 bath apartment with central heat and AC, hardwood floors, stainless steel appliances, quartz countertops and washer/dryer in unit, in the west Logan Square Neighborhood.
Tenant Cloud Property Management
Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit/background checks, lease management, maintenance requests and more. Use this link for a free account (not a trial account) and see for yourself - home.tenantcloud.com/signup?affiliate=86lvlz9kb2rfyn4n
Rentometer - rentometer.referralrock.com/l/KENTONKNOWS/
Kenton Realty Group - kentonrg.tenantcloud.com/
Contact Kenton Knows
Email: Kentonknows@gmail.com
Facebook Group: groups/kento...
Twitter: KentonKnows
Instagram: kentonknows
Reddit: www.reddit.com/user/KentonKnows
Reddit Group: www.reddit.com/r/realestateinvestbrrrr/
Medium: medium.com/@kentonknows
Quora: kentonknowsrealestate.quora.com/
DISCLAIMER
I am Not a CPA, Attorney, Insurance Agent, Contractor, Lender or a Financial Advisor. None of the information in these videos shall not be construed as tax, legal, insurance, financial, engineering, construction or any other advice of any kind. This UA-cam video is for entertainment purposes ONLY. If you need any professional advice, please contact a professional in the that specific subject matter. Linked items may create a financial benefit for Kenton Realty Group, LLC. Kenton Realty Group, LLC is a licensed real estate brokerage in Illinois License 481.010945.
This is not an advertisement of property for sale and any mention of any real estate shall not be construed as anything other than an opinion for entertainment purposes only.
#realestate #investmentproperty #incomeproperty real estate, real estate property management, real estate bank accounts, LLC bank accounts, EIN for real estate, real estate LLC operating agreement, buying an investment property, residential investment property, duplex, triplex, quad, brrrr, brrrr strategy, brrrr investment property, brrrr real estate, due on sale, quit claim deed to LLC, qcd to llc, seasoning, loan seasoning,
Tenant Cloud Property Management
Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit/background checks, lease management, maintenance requests and more. Use this link for a free account (not a trial account) and see for yourself - home.tenantcloud.com/signup?affiliate=86lvlz9kb2rfyn4n
Rentometer - rentometer.referralrock.com/l/KENTONKNOWS/
Kenton Realty Group - kentonrg.tenantcloud.com/
Contact Kenton Knows
Email: Kentonknows@gmail.com
Facebook Group: groups/kento...
Twitter: KentonKnows
Instagram: kentonknows
Reddit: www.reddit.com/user/KentonKnows
Reddit Group: www.reddit.com/r/realestateinvestbrrrr/
Medium: medium.com/@kentonknows
Quora: kentonknowsrealestate.quora.com/
DISCLAIMER
I am Not a CPA, Attorney, Insurance Agent, Contractor, Lender or a Financial Advisor. None of the information in these videos shall not be construed as tax, legal, insurance, financial, engineering, construction or any other advice of any kind. This UA-cam video is for entertainment purposes ONLY. If you need any professional advice, please contact a professional in the that specific subject matter. Linked items may create a financial benefit for Kenton Realty Group, LLC. Kenton Realty Group, LLC is a licensed real estate brokerage in Illinois License 481.010945.
This is not an advertisement of property for sale and any mention of any real estate shall not be construed as anything other than an opinion for entertainment purposes only.
#realestate #investmentproperty #incomeproperty real estate, real estate property management, real estate bank accounts, LLC bank accounts, EIN for real estate, real estate LLC operating agreement, buying an investment property, residential investment property, duplex, triplex, quad, brrrr, brrrr strategy, brrrr investment property, brrrr real estate, due on sale, quit claim deed to LLC, qcd to llc, seasoning, loan seasoning,
Переглядів: 177
Відео
1001 W Cullerton, Unit 2R, Chicago, IL 60608 - video tour #pilsen #UIC #pilsenapartment
Переглядів 291Рік тому
Video tour of 1001 West Cullerton, Unit #2R, Chicago, IL 60608. This is a 3 bedroom 1 bath first floor apartment in the Pilsen neighborhood of chicago. Just west of Halsted and the highway, just south of the University of Illinois Chicago. Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit...
1031 West 19th, Unit 2, Chicago, IL 60608 - video tour #pilsen #chicagoapartment #pilsenapartment
Переглядів 207Рік тому
Video tour of 1031 West 19th Street, Unit #1, Chicago, IL 60608. This is a 3 bedroom 1 bath first floor apartment in the Pilsen neighborhood of chicago. Just west of Halsted and the highway, just south of the University of Illinois Chicago. Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credi...
What to Expect From Your Real Estate Attorney
Переглядів 189Рік тому
Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit/background checks, lease management, maintenance requests and more. Use this link for a free account (not a trial account) and see for yourself - home.tenantcloud.com/signup?affiliate=86lvlz9kb2rfyn4n Rentometer - rentometer.referralrock.c...
Take a Virtual Tour of this Spectacular Chicago Apartment! 2237 West Fullerton #G #chicagoapartment
Переглядів 239Рік тому
Video tour of 2237 West Fullerton Avenue, Unit #G, Chicago, IL 60647. This is a 2 bedroom 1 bath highly upgraded basement apartment in the Bucktown neighborhood of Chicago. Stainless Steel Gourmet Appliances, double bathroom sinks, central heat and AC, washer/dryer in unit and dishwasher. Just west of Lincoln Park and the highway, just north and east of the blue line and Logan Square. Tenant Cl...
Can't Get Your Oven to Ignite? This Quick Fix Might Just Save You! #ovenrepair #ovenbreak #igniter
Переглядів 4,6 тис.Рік тому
Buy the parts in this video: Buy the Igniter - amzn.to/3PCwU8m Buy the Control Panel - amzn.to/3PAg8Xj Buy the Cover for the Control Panel - amzn.to/3YIkZtU Frigidaire oven model FFGF3047LSF Oven Not Heating - how to replace the igniter and control panel Igniter - Gas Range/Oven Igniter 316489402 5304509706 WB2X10016 316489408 AP6230715 PS12071409 Norton-501a 316119301 WB02X10016 1704 41-209 AP...
2237 West Fullerton #1, Chicago, IL 60647 - Video Walkthru #chicagoapartment #bucktown #logansquare
Переглядів 5942 роки тому
Video tour of 2237 West Fullerton Avenue, Unit #1, Chicago, IL 60647. This is a 2 bedroom 1 bath first floor, 1st floor apartment in the Bucktown neighborhood of Chicago. Just west of Lincoln Park and the highway, just north and east of the blue line and Logan Square. Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great ap...
1031 West 19th, Unit 1, Chicago, IL 60608 - video tour #pilsen #chicagoapartment #pilsenapartment
Переглядів 3862 роки тому
Video tour of 1031 West 19th Street, Unit #1, Chicago, IL 60608. This is a 3 bedroom 1 bath first floor apartment in the Pilsen neighborhood of chicago. Just west of Halsted and the highway, just south of the University of Illinois Chicago. Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credi...
1001 W Cullerton, Unit 1R, Chicago, IL 60608 - video tour #pilsen #chicagoapartment #pilsenapartment
Переглядів 1,2 тис.2 роки тому
Video tour of 1001 West Cullerton, Unit #1R, Chicago, IL 60608. This is a 3 bedroom 1 bath first floor apartment in the Pilsen neighborhood of chicago. Just west of Halsted and the highway, just south of the University of Illinois Chicago. Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit...
Unveiling the Mystery Behind Real Estate Attorneys: What You Need to Know! #realestateattorney
Переглядів 5672 роки тому
In this video I explain what a good real estate attorney does when representing you whether you are the buyer or seller. I also explain how to find and evaluate an attorney for your next transaction. Here is the attorney I have used for the past 20 years: Law Offices of Harvey L. Teichman 2500 W. Higgins Road Suite 420 Hoffman Estates, IL 60169 847-885-9200 847-885-9222 FAX Tenant Cloud Propert...
2237 West Fullerton #3, Chicago, IL 60647 - Video Walkthru #chicagoapartment #bucktown #logansquare
Переглядів 2682 роки тому
Video tour of 2237 West Fullerton Avenue, Unit #3, Chicago, IL 60647. This is a 2 bedroom 1 bath top floor, 3rd floor, Penthouse apartment in the Bucktown neighborhood of chicago. Just west of Lincoln Park and the highway, just north and east of the blue line and Logan Square. Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a...
1141 West Addison #G, Chicago, IL - Video Walk Thru #wrigleyville #Chicagoapartment #Lakeview
Переглядів 2472 роки тому
Video tour of 1141 West Addison #G, Chicago, IL 60613. This is a 2 bedroom 1 bath Garden apartment in the Lakeview or Wrigleyville neighborhood of chicago. Less than a block to Wrigley Field and 2 blocks to the Red line at Addison. Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit/backgro...
1946 South Canalport Unit #1 Chicago IL #pilsen #apartmenttour #chicagoapartment
Переглядів 2862 роки тому
Video tour of apartment #1 at 1946 South Canalport, Chicago, IL 60616 Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit/background checks, lease management, maintenance requests and more. Use this link for a free account (not a trial account) and see for yourself - home.tenantcloud.com/si...
1141 Addison Unit 1 Chicago IL 60613 Video Tour #wrigleyville #Lakeview #chicagoapartment
Переглядів 2412 роки тому
Video tour of 1141 W Addison #1, Chicago, IL 60613. This is a 2 bedroom 1 bath 1st floor apartment in the Lakeview or Wrigleyville neighborhood of chicago. Less than a block to Wrigley Field and 2 blocks to the Red line at Addison. Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit/backgro...
How to Evaluate an Investment Property #cashflow #realestate #Investmentproperty
Переглядів 1,5 тис.2 роки тому
How I run the numbers or do my analysis on a potential investment property Tenant Cloud Property Management Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit/background checks, lease management, maintenance requests and more. Use this link for a free account (not a trial account) and see for yourself - home.tenantcloud.c...
Accept Cryptocurrency for Rent? #bitcoin #ethereum #crypto
Переглядів 3432 роки тому
Accept Cryptocurrency for Rent? #bitcoin #ethereum #crypto
Build Wealth with Real Estate #buildwealth #realestate #growyourwealth
Переглядів 8492 роки тому
Build Wealth with Real Estate #buildwealth #realestate #growyourwealth
Real Estate Property Management Supplies, Equipment, Tools and Software #property #realestate #brrrr
Переглядів 1,2 тис.2 роки тому
Real Estate Property Management Supplies, Equipment, Tools and Software #property #realestate #brrrr
Real Estate Myths and Misinformation #myths #realestate #realestateinvestor
Переглядів 7402 роки тому
Real Estate Myths and Misinformation #myths #realestate #realestateinvestor
Real Estate Negotiation Tips, Tactics and Advice #negotiation #realestatecontract #realestate
Переглядів 1,1 тис.2 роки тому
Real Estate Negotiation Tips, Tactics and Advice #negotiation #realestatecontract #realestate
Free Real Estate, Property Management, Realtor, Building and Construction Magazines #REMagazine
Переглядів 8862 роки тому
Free Real Estate, Property Management, Realtor, Building and Construction Magazines #REMagazine
How to create and post your rental listing or advertisement for free #rent #forrent #rental
Переглядів 11 тис.2 роки тому
How to create and post your rental listing or advertisement for free #rent #forrent #rental
Renovation Tips for Rentals and Flips #renovation #rental #flip
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Renovation Tips for Rentals and Flips #renovation #rental #flip
Where to List Your Rental Property for Free #apartmentlisting #rentallisting #rentaladvertising
Переглядів 2,7 тис.2 роки тому
Where to List Your Rental Property for Free #apartmentlisting #rentallisting #rentaladvertising
How much to hold in real estate reserves? #reserves #realestatereserves #investmentproperty
Переглядів 1 тис.2 роки тому
How much to hold in real estate reserves? #reserves #realestatereserves #investmentproperty
Tenant Welcome and Move In Information Video #moving #rentalmovein #apartmentrental
Переглядів 8332 роки тому
Tenant Welcome and Move In Information Video #moving #rentalmovein #apartmentrental
American Standard Pressure Balance Unit Replacement #AmericanStandard #M952100-0070A #023529-0070A
Переглядів 40 тис.2 роки тому
American Standard Pressure Balance Unit Replacement #AmericanStandard #M952100-0070A #023529-0070A
Home Depot Discounts and 11 Percent Rebate #Homedepot #TheHomeDepot #HomeDepotRebate
Переглядів 13 тис.2 роки тому
Home Depot Discounts and 11 Percent Rebate #Homedepot #TheHomeDepot #HomeDepotRebate
2962 N Lawndale Chicago #avondale #chicagoapartment #apartmentvideo
Переглядів 3062 роки тому
2962 N Lawndale Chicago #avondale #chicagoapartment #apartmentvideo
1001 W Cullerton 1F Chicago IL #Pilsen #Apartmenttour #ChicagoApartment
Переглядів 2602 роки тому
1001 W Cullerton 1F Chicago IL #Pilsen #Apartmenttour #ChicagoApartment
lol he’s a slum lord
What if it's not going in and it's to tight about half way in?
With respect to credit reports, there are many missed opportunities landlords overlook when evaluating a credit report. For example, the report will show their current address as well as previous addresses. Now, google these addresses to be sure they don’t come up as an apartment community or management company. If the do, you now have contact information to send your landlord verification form to. Next, cross reference the last names of these property owners with any aliases that show up on the credit report (such as a maiden name, etc). Also, run criminal history reports on those aliases as well. Now, I know for a fact that those newer “application processing companies “ such as Apollo, Tenant Cloud, and Rent Prep, etc. do NOT go through this thorough of a process. That’s why most small landlords (who don’t come from the side of the industry where I come from) end up with many undesirable tenants, who probably got declined at a large apartment community (like where I come from). Next, it’s best to use the wording “animals” instead of pets. For example, an emotional support dog or a seeing eye dog is NOT legally a “pet” and therefore (especially on the rental application, which is a legal document) , they’re not technically lying when they say no to this (even though they actually have an emotional support dog for example). Therefore, instead-always ask “will there be any ANIMALS living with you in the unit?” Just as a side note, I don’t own rental property. Instead. I come from decades of working at the large national and statewide Property Management organizations, where training is paramount with their leasing agents and Management staff. Most UA-cam content creators are primarily small landlords giving advice to other small landlords, which from the standpoint of where I come from-is kinda like the blind leading the blind. I teach the small mom and pop landlord all the business practices that are universally embraced at the large organization side of the industry. To better explain this…I use the analogy of the car sales industry. If we were to equate our business to the automobile sales industry-think of it like this…. When purchasing a car, there are THREE primary ways to do so. There’s the guy that put his car in the driveway and puts the “for sale “ sign on it, places the Craigslist ad and puts the ad in the newspaper. Then there’s the “Bob’s Auto Sales” -the small local dealership… That said, most UA-cam content creators are a landlord that would be equivalent to one of these levels. Now, to keep with this analogy, I’ve never put my car in the driveway to sell it , nor have I ever owned my own private small dealership. Instead, I come from decades of working at the “Toyota or Chrysler” dealerships (as an analogy-not literally) . My courses teach the “Bobs Auto Sales” (small property management company) and the guy who puts his car in the driveway to sell it(the small 8 unit apartment owner) all the business practices that we teach our staff at Toyota and Chrysler (the large National Property Management firms). I hope that analogy makes sense. Check out my website Jppropertyconsulting.com
a tool that I use does not let me see their ss number. how do I collect it and how do I verify it? do they need to send me a copy? thanks
You definitely need to have their ssn if you ever want to use it to report nonpayments to the credit agencies.
What does the move in fee include? What does it say it includes in the lease?
THE Best and most concise video on getting a unit rented!!! I hung on your every word and will be taking all of your advice! As a smaller landlord who operates as a 1 man show, everything that comes with a major renovation (mishaps, delays, unfit contractors, etc.) and then finally getting it ready to rent to a new tenant can be super stressful and cumbersome!! In the blur of all the stress with all of the updated changes in the rental world, this helps give me some direction. Thank you!!!
So glad to hear that it helped you
Ive replaced 2 of brand new cartriges and this thing is still leakig! Why??
Hello Kenton, As the first time homebuyer, I want to buy a four Plex but my question is how do I lower my interest rate?
Your interest rate is normally a function of your credit worthiness. I’d recommend talking with a mortgage broker to find the best rate, do your first deal and then potentially refi it later. I don’t recommend buying down the rate as it’s likely we’ll be in a decreasing interest rate environment for the foreseeable future.
Found your presentation very informative and we are also in discussion for WallCall . This is definitely a game-changer for our communities.
Hi Kenton: I needed your influence badly. Your video helped me overcome the usual plumbing fear and since my plumber was too busy for what I found out was a very small and quite easy task… after watching your video I said “I can do that!” And I did. Nice step by step process…!!
Glad to help
What about FHA loans?
Hi Kenton, If I have any back taxes, can I still quit claim a property to someone? In your video, you mentioned needing to pay any back water bills. I didn't know if that also held true for back taxes.
In chicago they require a paid water bill before they will accept and record the quitclaim deed. I’m not sure if they check the back taxes or not.
This apartment is available for 09/01/24 move in.
I learned so much! Thank you Kenton.
Glad it was helpful!
Good info. Thanks.
You bet
MY REIA gives 2 percent off
Nice
Hi Kenton, great review! Just wondering, now 3 years later, if you are still happy with TenantCloud?
Yes, absolutely
Thank you for posting this excellent tutorial video. I never replaced faucet cartridges before and your video was so well done that even a newbie like me could do it perfectly first time around. Keep it up 👍🏻
Great to hear!
Does this apply with a "conventional" loan? How can I tell that my loan was serviced by Freddie/Fannie?
Valuable information! This was 2 years ago. Thank you
You are so welcome!
Interesting information! Thanks
Glad it was helpful!
Thanks for the informative video, as I'am getting ready to change mine.
Welcome
Hello Kenton, just found your channel - very good content. One question, I currently own 7 units and looking for the best way to structure my business. Would you still recommend Tenant Cloud & Quick books if you were starting today ? Thanks a lot!
Yes, I would still recommend TenantCloud, but I moved from Quickbooks to wave and have found wave works just fine for my accounting. Quickbooks got expensive and is overkill for my business
Most of the leads you receive from zillow and its affiliation, are fake leads. In order to convince you that their site works, they have people on the staff working to send you fake leads. The number to contact the lead will always belong to someone else, and the emails provided by zillow for "leads" are also made up, never respond to your invitation your invitation to set up schedule to come and see the property. I have been on property management for 36 years...
I followed the instructions.It work for a month and now I’m having the same problem a month later. Any reasons for that ?
Home Depot STOPPED the 11% Menards matching rebate effective 2024!
I know, super disappointing!
Is the orange twist nut you chose to use made out of plastic? if so, isn't that a fire hazard? the white twist nuts are ceramic. I would have tested the igniter first, just in case. I understand you rational about perhaps being at it's half life, but it could last for a long time. I appreciate the effort you put into this video and the detail explanation, helpful!
Yes, the ceramic ones are better, but they don’t always stay on for me. I wouldn’t say the plastic one is a fire hazard. I try to tuck it away from the igniter and I haven’t had one melt so far.
Thank you for sharing this information. Bought a home 4 years ago and now we’re moving so need as much info as how to find good tenants etc. Currently on the first stage of decluttering home to take photos and list on Zillow.
Glad it was helpful!
Thank you!
You're welcome!
Hi, thanks for the video. One comment regarding removing the handle. After trying quite a while to find an allen wrench that fit I was eventually lucky enough to have the handle come off and found that there was no allen screw...it was a standard flat head screw. I imagine this is due to the unit being fairly old.
That may not be an original screw, but glad you figured it out!
@@KentonKnows Yeah, it was the same screw for two valves. Probably installed in 1975.
Thank you. You are so thorough!
💯
Thank you so much for this information! Great advice :)
You're so welcome!
Excellent video. Thanks.
Glad you liked it!
March 2024. Do you still use TenantCloud? I've been using it for a couple of years and it has gone down hill. They put out an update about a year ago that makes the dashboard useless.
Better check for any leakage before putting all the trim on.... I've had brand new balancing spools & cartridges damaged and they leaked. Also I've had the cartridge leak if it wasn't tightened "evenly" or if it was overtightened / under tightened.
Thanknu
Thanks so much Kenton knows that was awesome
Thank you!
You're welcome!
Any thoughts on a prospective tenant with a low credit score and DTI at 48%? Should I have a guarantor?
I personally see the credit score as the only thing that proves the person is consistently able to pay their bills. If you do accept the lower score, then yes I’d get a co-signer and/or a guarantor.
Do you tell the mortgage company? And do you make the payments to the mortgage after QCD or does your LLC?
There is not a need to tell the mortgage company and yes you should pay it from the LLC, but I highly doubt the mortgage company tracks or pays attention to where the money is coming from as long as it is paid on time.
Great video. I've replaced both parts but there is a slow drip from what looks like the pressure balancing valve when i turn the shower back on. Is there a workaround for this?
Can you provide the verbiage written or a google doc with these additions?
Hi, I'm just a bit confused because you are still short $6k after the cash out refinance, right?? I may be missing something. Please explain
In the real world numbers don’t always come out perfectly. It’s still a very good investment and that is the main point.
would there be a way I can identify the part number for the Pressure Balance Unit or cartridge for my shower? and are the both parts pretty much universal for most the american standard shower faucet in that style like in the video?
What do you do if it still Drips?
As more and more areas become "squatter friendly" there should be a way to hide the exact street address on any ads. Scammers look for ads with exact street addresses as well.
That is a consideration if the property is vacant however, I am usually advertising the property while it is occupied. You do bring up a great point though.
thank you kenton,great info! just found your site,have subscribed!
Awesome, thank you!
I noticed how you make sure you hold your tongue right.
It helps me concentrate.
And if they don't care about them?