The Challenge: A 6-unit building in Palatine, Illinois, was facing severe financial distress:
3 units with below-market rents
3 units with non-paying tenants (protected by COVID-19 regulations).
Urgent repairs needed, but zero cash flow.
Unpaid taxes and mounting owner frustration.
The Goal: The owner initially wanted to sell the property quickly, regardless of the loss.
Our Solution: We convinced the owner to give us 6 months to implement our proven property turnaround strategies.
The Results (in just 6 months!):
Increased Cash Flow: Monthly income soared from under $2,500 to $6,635.
Boosted Property Value: Renovations and upgrades increased the property value by over $100,000.
Tenant Transformation: Secured creditworthy tenants paying market-value rents.
Financial Recovery: Recovered past-due rents using grant assistance programs.
Property Enhancement: Modernized common areas through our Property Refreshment Program.
Market Leader: The property now generates more income than any other comparable property in the area.
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