You are clearly a smart young lady. Just a little advice, I have 4 rental properties and the one thing i have learned over the years is not to rent to family or friends. Unfortunately it never ends well. I was told this many years ago by a realtor friend of mine and I had to learn on my own! Good luck to you 😊
Yep! And even if they are family or a friend still have them sign a contract. Just dealt with this and learned my lesson with not having a contract in place
My thoughts exactly, also having rentals..... We often want to help others, especially friends and family but don't mix it with business, **FOR REAL!** 😊
@@yeaitsmee so many lessons I have learned in my first year as a landlord. definitely not for the weak, and you gotta have money, backup money and backup backup money. 😣 it’s so hard to even find good tenants in general. I hope it works out for Cristina. just got what I thought was a good tenant….month one she “lost” her job. now I’m footing a 4k mortgage
I wish there was more landlords like you because it’s tough out here especially as a first time home renter trying to get qualified is so hard.. love to see you back on your grind ❤❤
Realtor & I worked in Cook County property mgmt for years. Please read this. Cook County is very tenant-friendly. As a landlord, you have the lower hand. Please research RTLO if you haven’t already & please have your friend sign a lease. Your agent can pull a lease from the Chicago Assoc of Realtors site. Just fill in the blanks. Please ask the RE attny who did your recent purchase for their advice on any additional addendums & protections you can utilize to cover your behind if this person stops paying rent or trashes the place. It’s really, really hard to get a tenant out once they’re in. Cook County Sheriff’s office is backed up for months so it takes months to even serve eviction notice. Then you’re looking at 2-3 court dates after that. You can go up to a year without any payment before the tenant is evicted & sometimes they don’t leave so you need to pay even more attorney fees & waste even more time before the Sheriff’s office comes out to forcibly get them outta there.
Yes to these type of videos! Would love to hear how you set everything up? Example: how much you charge for rent? Are utilities included? Things like that.
so proud of you Cristina I wish I had a friend like you to help teach me good habits and how to be independent. I'm 26 and nowhere close to where you are in life I feel so hopeless most of the time but watching you gives me a little hope.
I’m so happy for you! Congratulations on another accomplishment!! 🎉 Another tip, you being a loyal friend and wanting to see your friend succeed is amazing. However please make sure your friend keeps her part of the deal for the sake of your friendship in return ❤😊. The new condo is perfect!! Excited to see more accomplishments ❤
Ive watched you from the beginning and you are so inspirational, thank you for being vulnerable with us. I wanted to offer support for renting to friends, just make sure YOU are covered incase anything goes wrong. I showed kindness to someone and they trashed my property in the last few months of their tenancy. Even if they are friends, protect yourself, you deserve this! So much love xxx
That's so sweet how you helped her out with some furniture and shelving unit. You seem like the coolest landlord 💕It's great how you all help eachother out at the club like a big family
Girl, I’m so happy for you! I have watched you since the very beginning, back when you were living with your mom. The progress you have made over the years is seriously inspiring! I can’t wait to see what you accomplish in the next 5 years! I don’t want to be a Debbie downer, but just be super careful mixing business with friends/family. I hope everything goes well, and you have an amazing experience with your first tenant for your new property 🙂
I agree with you, it's asking for disaster, personal arrangements are never a good idea. I really hope we are both wrong though, and it works out for her sake.
Congratulations! Just make sure - to protect yourself and your friend - to have a lease. Things can go south for a number of reasons so it's good to have something in writing to make sure both parties are covered.
Congratulations!!!! Rental property investing is my career and passion. You’re a hard worker and smart as hell. Setting a strong foundation for generational wealth. Get it girl!
I’ve been watching your videos for years, and seeing you this journey is so motivating and inspiring.. you are such a kind, beautiful and caring soul.. always sharing and teaching us so many things.. ❤😊
Been watching you for a few years now and watching you grow as a business woman is aspiring to all ❤ great job and congratulations 🍾🎈🎊🎉 you go get it girl. Keep those dreams alive and kicking 😊
You’re awesome for helping out people who were once in your situation in the past. I remember seeing your videos back when I was in high school with your life in a stripper vlogs and so far I’ve seen that you’ve grown so much as a person. Hope to see more videos!! 😊
Good luck Cristina. Looks like you live I a nice neighborhood so getting a good tenant won’t be hard. I bought a duplex in a bad neighborhood and get such bad tenants. Just lessons I learned along the way
yass queen i am right behind you!! i am in escrow from with my second duplex and 5th property and yes I used to ........❤ as well. congrats Christina!!! we are capricorn go getters frfr
May I just say I’ve been watching you since you since stripper vlogs and how much you’ve grown is absolutely beautiful and motivating. I know we all have our moments and days but just know that a lot of people who don’t know you appreciate your honesty in your content. Congratulations ❤
Girl i hope you are buying stocks also, as someone who owns 3 properties (4 units) its good to diversify, and stocks are ZERO maintenance. Let us know, as I dont think you have spoken about that before.
If you're open to sharing, would love to know how much you put down and what the monthly mortgage / expenses are for the condo vs what you are charging for rent? I wanna buy real estate but it has been hard to find a profitable rental property where I am!
You have a good heart Cristina but look out for yourself. Sometimes the ones you help the most will screw you over. I suggest making up your own lease and get it notarized. If she doesn’t pay you it will be hard to get her out. She will have squatters rights
I'm a mama of a 3 year old and I loveee your videos so much! I feel like we're friends whenever I watch lol. Inspires me to work hard to one day invest in my own properties among other things 🩷
Yesssss Please I love to hear more abouybi too want to get into that business would love to hear your process and how you got into it!!!! I really missed your videos can't wait to hear about your future plans :)
Awww bestie I’m so happy for you your doing a great job on all your life investments it’s going to be worth it all later in the future much love I wish nothing but the best for you ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Never rent to friends. They take advantage of you. They should pay a deposit with first month and last rent with a pet fee. Hopefully they signed a lease. I wouldn't ever have a friend live on my property. You will regret it
