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April Meeting
Monday, April 19, at 7 P.M.
“How to Evaluate a Deal”Speaker Norm May teaches how to evaluate and structure deals for single and multi family
residential rental property. Now is the time to buy. How do you know your getting a deal?
Learn how to find and purchase deals in today’s down market!
JOIN THE RAA! Members enjoy . . .
✔ 8 monthly meetings with guest speakers covering a variety of property management topics
✔ Winter Member Mixer
✔ Spring Banquet
✔ a Web link or page advertising your units on the RAA Web site
✔ Member networking with current tips, bargains and referrals
✔ Knowledge of State and local political issues affecting property managers and owners
✔ Monthly newsletter
A one-year membership is $99.
To join or e-mail RAA, go to
www.rockfordapartmentassociation.org
To join the e-mail group, go to
Meeting LocationRockford Area Association Of Realtors 6776 East State St. Rockford, IL 61108
In This Issue:With property prices lower then they have been in years, many people want to become a landlord. The problem is they lack the knowledge needed to know if a purchase will be a winner or a loser. Real estate is a very forgiving investment, however if you pay too much or buy the wrong property, you may pay for that mistake for many years. This month local real estate investor Norm May will teach us how to evaluate a deal. He will go through the process he uses to determine whether a property will be profitable or not. So, whether you have 100 properties or none, you need to be at this meeting to learn how not to get burned in the real estate market.
Finally, in this newsletter we have Mr. Landlord’s monthly article on how to run your business differently. Investor Bill Cook talks about how real estate investing is a team sport and who you need to have to be successful. Vendor Member Gerrod Walker of When Nature Calls, informs us how animal damage & trapping may be covered by insurance. As always, if you enjoy this newsletter make sure to use the vendors inside, as they make this newsletter possible.
Last time we met . . . We had another overflow crowd for the March meeting as we heard local CPA Mike Stiles, teach us how to use the tax credit to turn our tenants into homeowners. Under the IRS tax code, if you sell a prop-erty on agreement for deed or lease option, the buyer may qualify for the $8000 first time home buyer tax credit. What is even better is you
can have your tenant/buyer hand the tax credit over to you, as their down payment. The tax credit expires on April 30th, so you need to act fast.
➡New
Here is Paul Arena with State Representative Dave Winters at the annual Lobby Day in Springfield.
Page 2 Rockford Apartment Association April 2010
Animal Damage & Trapping Covered by Insurance
As the owner and operator of When Nature Calls Pest Control, I have seen a lot of damage that animals can do to homes and apartment buildings. So far this year our company has witnessed $30,000 in damage done by nuisance wildlife … and it’s not even April yet!
Historically, homeowners’ insurance companies have covered damage done by non-rodent animals like rac-coons and bats. In recent months several larger insur-ance companies have been covering the costs associated with removal of the problem animals (non-rodents) and damage done by those animals. Damages covered may include removal and replacement of structurally damaged insulation and drywall due to feces and urine, repair of entry points in the roof, chimney or soffits, water damaged roofs and ceilings, and other structural damage related to the original animal damage.
Since some insurance companies recently have revised the extent of their coverage to now include the removal of (non-rodent) problem animals, homeown-ers and landlords should consult with their insurance company to find out more about the policy they hold. Remember that squirrels such as the Eastern Grey Squirrel and the Fox Squirrel are rodents, and usually are not covered by most insurance companies.
Raccoons comprise the largest chunk of the damages done to homes by wildlife. So far this year we have had three homes where raccoons tore basketball size holes through the rooftop, tearing right through the shingles, roofing boards and into the attic. In these cases, the entry point was left exposed to rain, snow and ice and as a result compounded the problems. Even as a wild-life control operator, it never ceases to amaze me how much damage these creatures can do!
Property owners should also be aware that the Illi-nois Department of Natural Resources (IDNR) governs the trapping of most of these creatures. If you choose to do your own wildlife control, contact the IDNR to obtain a permit before trapping and removing wildlife from your property. For more information on how to obtain a permit from the IDNR visit the following website: http://web.extension.illinois.edu/wildlife/. There you will find some great information on the wildlife of Illinois, prevention tips, removal tips and contact infor-mation for the IDNR as well as a referral list of licensed Nuisance Wildlife Control Operators such as myself.
If you have any questions or would like to inquire about the services we offer, please feel free to contact us at (815) 601–7378.
—Gerrod Walker, When Nature Calls
MRLANDLORD.COM TIPS ON MANAGEMENTDOING THINGS DIFFERENTLY? (PART ONE)
Over the last year, as the economic climate and chal-lenges have affected more prospective and current rental residents, many landlords find themselves doing some things differently in their rental business, in order to keep cash flow going. For example, in the past I would always require all move-in costs to be paid be-fore move-in (including pro-rated rent for remainder of current month, next month’s rent and security deposit equal to one and one-half month’s rent). Now, though I have not lowered my selection criteria, I am currently willing to accept “most” of this total due at move-in and the balance to be paid in installments over the next 30 to 60 days. Here are additional examples of what some landlords are doing differently around the country (with different degrees of success).
1. I’m taking move-in monies in installments for hard to rent properties; however, I’ve raised rents 5 to 8% on current residents and 85% are renewing. Those not renewing are leaving the area and two are attempting to purchase homes. I am not lower-ing standards or criteria though.
2. We’ve started breaking up the move-in money too. My husband took his snow blower into town last week and cleared a couple of drives at houses where little old ladies live. (The grass and snow is usually their responsibility.) I also have two long-term tenants who have fallen on hard times; I reduced the one’s rent (his house is a 2 BR and is VERY hard to rent). I’ve let them both get behind because it would cost more to have it empty this winter than to let them stay. I also let the one man
Page 3 Rockford Apartment Association April 2010
(who works as a mechanic in his spare time) work on our cars, and I take what he would charge me off the rent. He’s put on new brakes for me, did something to my son’s car, and changed the brake lines on my husband’s truck. I figure this is a win/win situation. Just yesterday we got a total of $1000 from both of them. I know it isn’t what anybody else would do, but it seems to be working for us.
3. Atlanta is vastly overbuilt and there are tons of foreclosures here. I’ve dropped rent from about 25-30% in some cases. I’ve taken dogs for the first time, I’ve allowed security deposits to be paid in a couple of installments (double security depos-its that is). I’ve made upgrades to already nice places. I’ve lowered my standards some, but the applicants I’m getting have either low credit scores (under 550), multiple eviction filings, bankrupt-cies or a combination of those three. Almost every applicant is now demanding some concession even when they have horrible credit scores and multiple evictions. Definitely a renter’s market here and the tenants know it.
4. We have reduced the deposit from a full month’s rent to half a month’s rent. Also, we do not charge an application fee, as it is not customary in our area, where most tenants work at low paying jobs making $8-10 per hour. Also, we now allow dogs (not aggressive breeds or mixes of those).
5. We have offered four weeks free rent after one year. Have offered existing good tenants lowere rents for signing a new fixed term lease. We are at 65% occupancy, but we will not pay all utilities as most other landlords around here are. For the first time, we have taken tenants who pay all deposits and first four months’ rent up front. In other words, they have cash but no job. It’s pretty desperate in parts of Indiana around here.
6. The one thing we are doing differently is lowering deposits for good-credit renters. Over 680 Fico scores get 1/2 months security deposit. We have not lowered are qualification standards but just give more incentives to better quality residents. We are also speaking with everyone that calls so we can get a feel for competitively what the prospects want and need. As for cost cutting in the business, we are appealing property taxes and shopping commercial insurance for better rates.
7. The rental market is still strong in Paradise (Ha-waii). I just rented to the first person who saw the
bay front, fully furnished studio for 6 months. I did lower the rent by $50 to match the rental mar-ket according to past rentals. No accommodation was asked for and none was given in regards to the security deposit, one month in full prior to moving in as always. However, the tenant’s landlord lived in Taiwan, so I had to Skype in order to contact her. Cost of call? $1.10.
8. The Central Florida market has been awful, but we are managing to have higher occupancy than most. We are trying to have units sparkle and make a good first impression. We will lower our credit standards ONLY if they have great job stability and a previous landlord reference from a professional manager. We offer a $99 security deposit to QUALIFIED candi-dates. Few are qualified, but the ones that ARE, are terrific.
9. Things were bad for me, then tax time came around and seemed to get the phone ringing a little. I have not changed the deposit requirement yet. I find that if they have the full deposit it is a good screening tool. I have always tried to make the units the best looking for the price range but in this economy it is getting harder to find the money for the sparkle. My two best tenants are buying houses this month. This business is much more management intensive in a bad economy. I’m ready for the good times again!
10. If the applicant has near perfect credit and a long term job, I will allow them to pay off the deposit over the next 2 to 3 months.
11. I was doing things differently. But now that the units are filled and I’m getting back to having a “waiting” list . . . full deposit and first months rent us required. If they start balking (and they look GOOD) . . . then I can offer to break the rent up. I still offer all utili-ties included as an option, but priced so I’m making money on the deal.
12. I really prefer to take animals over children because kids seem to do more damage. I know it sounds harsh and different but that has been my experi-ence. So I just rented my duplex to a woman that is raising her 3 grandchildren; girls, 13, 11 and 6 years old. She was the best applicant out of the bunch. A couple of years ago I would of found some reason in my criteria to eliminate her. It also seems like more people are looking but not returning the application. I had to reduce the rent by $100 on my best house last year and that was different.
Page 4 Rockford Apartment Association April 2010
13. Not really doing anything different . . . except maybe being more aggressive in defining the going monthly rental rate. If it goes down, our residents get the benefit without shopping.
14. We started taking pets many years ago and that has been a Godsend/tenants stay longer. Units with wood floors always rent. So we put in more wood floors on turnovers. Phoenix, is our most challeng-ing market so here is how we survive: Incentives. Two weeks free rent incentives and $99 move in charges for qualified renters. Balance of deposit and pet deposits are collected over 6 months. Ten-ant frills: barbeques, parties, pool parties and con-tests. We work with tenants on rent and no longer immediately evict if they have a good track record. We work with city agencies to get rent money for tenants when they are between jobs. We have low-ered rent on some units to be competitive. We do whatever it takes to snag a new tenant: Recently a tenant said they needed more storage so we offered to reduce the rent by $50 so they could rent a stor-age unit down the street. They moved in . . . that’s a trick that netted a year’s lease . . . $10K of income. When the market gets tough, you do what you have to do to get that bottom line. Forget your ego.
15. I have offered free Washer / Dryer. I can get a decent set delivered, hook up and 6 month warranty for $225. I don’t like dropping the rent since that impacts the rent roll and building value. If I sell, I need the strongest rent roll possible.
16. My units are always spotless when renters move in. Little extras like ceiling fans in each room are nice. I always handle maintenance requests right away. I have a few more late and short payers than in years past. Some get behind and then catch up and re-peat the cycle. I have been accepting more Section 8 rentals in my lower price bracket. I need to have as many houses as possible on full revenue. I have had one bad Section 8 tenant and about 8 good ones. The tenants know they will lose their vouch-er if they don’t follow the lease, so that is a good in-centive for them to behave. Rents have been steady. I will knock off a little to get an outstanding tenant. I have not been increasing rents for the last 2 years. My units are 100% occupied.
17. Sending all tenants short “Tidbits” newsletter with a couple valuable items in each, such as “$1.00 burgers and $1.00 Beers @ _____, every Thursday evening.” And “prescription glasses, DIRT-CHEAP!” (REAL!) And “REWARDS” W/ TENANTS first name
and last-name initial who got the reward (for find-ing their replacement tenant—pre-approved by me, of course. Rewards vary, so I never say exactly what it is—just “REWARDS!!”) Also, a reminder or two: “NINETY DAYS written notice if moving out.” (this helps me a TON!) And “Rent due NOT LATER than 1st of each month”. I keep newsletter SHORT, so they’ll read it. I also usually toss in a joke or hu-morous saying to wrap it up.
18. I’ve been taking car titles or anything else of value for the deposit. I sometimes end up with the car which I sell for more than the deposit. Co-signers help in the event of tenant default, you can always get a judgment against mom and dad.
19. I have had to take dogs for the first time. I could shoot myself for doing it. Carpets have been ruined. The rentals smell like a port-a-potty. Doors clawed to pieces. Vinyl flooring pulled up at the doors. One dog jumped through the screen on the porch. Did he jump through the first hole each time? No! But smokers always smoke outside—right. I love little old ladies on Social Security that have a de-clawed cat. Take them any day of the week.
20. I have kept my rent steady for 1-1/2 years—yes I am making up for increased insurance and property taxes. The monies that I spend for those are far less than letting a unit sit empty for 2 - 4 months. This year I am increasing the rent by about 2%. I keep up my rental qualifications though and I do state in my internal policy about bankruptcy and expense to income ratio (that % has changed too). I have accepted one renter who did file bankruptcy a while ago—per the renter and also substantiated by the credit report—it was due to high medi-cal bills. No one else would rent to her . . . guess what? She pays on or before the due date! I am also allowing gardens to be planted on my property by the renters this year too. I send out a quarterly newsletter to the renters with free or cheap things to do, “lease lessons”, quick, easy and cheap reci-pes, and some other tidbits of information.
These ideas, words of advice and suggestions were shared by rental owners who contribute to the MrLand-
lord.com website. To receive a free sample of the Mr. Landlord newsletter, call 1-800-950-2250 or visit their
informative Q&A Forum at MrLandlord.com, where you can ask landlording questions and seek the advice of
other rental owners 24 hours a day.
Page 5 Rockford Apartment Association April 2010
Landlording: EvictionsBy Tyler McCracken
Evictions are a part of the landlord program that often scare new real estate investors. I tend to get last minute calls (sometimes while one is in route to their magis-trate’s hearing) asking for advise when its to late. As a landlord and property manager in Charlotte, NC, I have handled hundred’s of evictions from standard non-payment issues to the uninhabitable code and expedited drug eviction issues. Consistency, documen-tation, and preparation are key to eliminating sleepless nights prior to the court date and to winning the sum-mary ejectment (eviction).
I must caution any reader that each State has a dif-ferent set of Statutes that dictate the landlord-tenant laws and how evictions are handled. My experience is limited to handling evictions in Cabarrus, Gaston, Mecklenburg, and Union counties in the Charlotte, NC region. I’m not an attorney. I represent only those cases in which I’m an owner of the property or as an agent for the owner. These are my opinions and not to be construed as legal advice. Please use the information as ideas to be run by your own legal counsel.
Locally, we operate from the simple guideline of “No Pay, No Stay”. Tenants rarely have any defense to a summary ejectment eviction case. Evictions occur primarily based on nonpayment, breach of lease/rental agreement, and/or a hold over. North Carolina re-quires a “Ten Day Notice” to cure said breach; however, this can be waived if stated in a sign lease/rental agree-ment. One cannot file the eviction paperwork (properly called a Summary Ejectment in NC) until the 11th day after this notice is delivered (by mail).
In our local market, one can typically count on a court date within 14-20 days of filing the eviction paperwork. At the eviction hearing, the magistrate is primarily interested in the tenant proving that he has paid the rent owed. That is what 99% of all cases are about. Fortunately, our magistrates understand the realities and stick to facts.
So what does a landlord need? If you’ve never wit-nessed an eviction hearing, I’d suggest going down to your local municipality/county courthouse to sit in on a few. You will learn the local nuances and factors that your courts focus on. Listen and learn. For a court hearing one should take the following:
Lease or Rental AgreementNotice (10 days in NC -if not waived in Lease)Tenant Accounting RecordNotes on any correspondenceAny records related to the reason for the hearing
You would be surprised how many landlords show up without proof of serving notice or a copy of their lease. Guess what happens. YUP -the case gets dismissed and the unorganized landlord has to start over by provid-ing notice and/or filing the eviction paperwork again. Here’s a tip for what works locally: If you have forgot-ten the proper paperwork to substantiate a claim, ask for a continuance. You and the Tenant will be given 3-10 days to reconvene. If you are organized and pre-pared and this should never happen.
So you show up at court and win either because the tenant did not show or by proving your case. In Char-lotte, the defendant has 10 days to appeal. They may do so by paying the courts a bond (amount deemed owed at hearing) and filing reasons for the court deci-sion to be overturned. 99% of the time this does not happen. On the 11th day, you go back down to the county courthouse and file a Writ of Possession. This is a formal request for the Sheriff to deliver possession of the premises to you (the landlord). Typically within 7-10 days, you (the landlord) and the tenant receive written notice of the date and time of the sheriff’s set-out. The day before you’ll receive a call from the sheriff’s office to confirm. Take a set of locks to do a quick change-out. Meet the sheriff to enter and secure the premises. Any holdover/tenant will be asked to leave—if they refuse they’ll be arrested for trespassing. After that, the tenant has 10 days to claim any personal possessions left on the premises. On the 11th day items can be set on the curb for trash. From start to finish, a landlord can gain possession of their rental within 45-60 days . . . not bad -huh?
Really . . . an eviction is not that bad—something you shouldn’t fear. I once had an expedited drug evic-tion were the defendants actually showed up with an attorney. Can you imagine that? A continuance was granted. As agent for the owner I showed up with 4 po-lice officers (each of whom served a function in a drug bust) and a Neighborhood Association Officer —you need actual witnesses because the defendant has the right to question. 45 minutes later, with their attorney over-contributing to our abundance of carbon-monox-ide, the gavel was dropped and the eviction was award-ed. Did I sweat a bit? Sure. However, I had printed out the ‘expedited drug eviction’ guidelines in the NC Landlord/Tenant Statues prior to the court hearing and I knew the issues so I was able to both defend and win our case. Don’t sweat it. 99% of the time, an eviction hearing won’t last more than 2-3 minutes. The key is consistency, documentation, and preparation.
Tyler McCracken is an investor in Charlotte, NC. Read more articles by him at www.charlottereblog.com.
Page 6 Rockford Apartment Association April 2010
ARENA CONSTRUCTIONRENOVATIONS
REPAIRSINTERIOR AND EXTERIOR
Replacement Windows Starting at$175.00
815-243-2924
Ken BeckerBroker - GRI, CRS, CRBClosed Over 100 Million Dollars
1720 Rural St. • Rockford, IL 61107
E-Mail: [email protected]
Residential Investments Commercial Office (815) 399-8000Eves. (815) 226-4800Cell. (815) 670-3300Fax (815) 399-7733
REALTORS®
Becker
Page 7 Rockford Apartment Association April 2010
Licensed & Certified IDPH
Proud Member:Rockford Areal Chamber of Commerce
National Pest Management Assoc.National Wildlife Control Operators Assoc.
Visa / MC / Discover Accepted
General Insect,
Rodent & Animal Removal (Bats, Squirrels, Raccoons, Opossum,
Birds & most everything else)
Real estate investing IS NOT a go-it-alone undertaking. To be successful, you need a team—a great team—help-ing you every step of the way. Many new investors make the mistake of NOT putting a team together BEFORE making their first offer. This causes many investors to fail even before they begin, no one is watching their back.
Think about it: You are a new investor with no team behind you. You meet with a homeowner who needed to sell his house yesterday. The seller offers you his $100,000 house for $40,000. An incredible deal, right? One problem: The seller needs you to close in ten days. Now what do you do, hombre?
Many people wrongly think the scariest part of real estate investing is when you knock on a seller’s door. Other people think the scariest part is when you sit at a seller’s kitchen table and present your written offer—they’re wrong, too. The most terrifying part of real estate investing is when you present your written offer and the seller says, “YES!” Lions and tigers and bears, oh my!
The fear of a seller accepting the offer is what pre-vents most new investors from ever making an offer in the first place. After all, if a seller accepts, what do you do then? Where do you get the money to buy the property? Who will do the closing? What about insur-ance? How do you know whether the house is really worth $100,000? Who will do the repairs? Once you
own the property, what will you do with it? By having an experienced, knowledgeable, wise real estate invest-ing team in place before you make an offer, you will be able to quickly get the answers to your most important will-this-be-okay questions.
Our real estate investing team is actually two teams. Our primary team consists of four professionals who keep our business running straight and protect our as-sets. They are our real estate attorney, CPA, insurance agent, and banker. Our secondary team consists of all the other people we work with on a regular basis: Real-tors, mortgage brokers, a home inspector, contractors, landscapers, painters, appraisers, a bookkeeper, etc.
You are probably wondering where to find the best, most experienced professionals and contractors to be on your team. Easy answer: Ask experienced investors in your area who they use. You’ll discover that most in-vestors use the same attorney, CPA, etc. Remember, one of the reasons these investors are successful is because they work with great people who know what they are doing! Now, get started building your real estate invest-ing team!
Bill and Kim Cook live in Adairsville, Georgia and have been successfully investing in real estate since 1995.
They’ve been writing their weekly real estate investing newspaper column since 2003. www.REIoutpost.com
Building Your Real Estate Investing Team by Bill Cook
Rockford Apartment Association
• Property Management
• Remodeling
• Painting
• Doors & Windows
• Electrical
• Plumbing
• 24 Hour Service• 24 Hour Service
• And Much More!815-979-9016
www.apspros.biz
Schmerse Lawn ServicesA Cut Above the Rest
815-248-4478Tim Schmerse
404 E. North St.Durand, IL 61024
SERVICE SCHOOLS& SPRING OPEN HOUSE
*Restrictions apply, must prequalify. Rate subject to change. Call for details.
FREE FOODAND PRIZE
DRAWINGS!
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1-800-236-5599
Rockford Apartment Association Directory
1-800-RAA-6676 | www.RockfordApartmentAssociation.org | PO Box 2502 | Loves Park IL 61132
rAA Service Directory
Rockford Apartment Association Code of EthicsWe, the members of the RAA, recognizing our duty to the public and the intimate nature of the relationship between the apartment resident and the owner, or manager, and being aware of the vastly increasing role of the apartment industry in providing the home of the future, and in order to provide the apartment-residing public with the maximum in quality and service upon the highest standards of honest and integrity, do hereby bind ourselves, with each and every member, together and alone, agreeing that, so long as we remain members of the RAA and so long as nothing con-tained herein shall be unlawful, we shall:
1. Promote, employ and maintain a high standard of integrity in the per-formance of all rental obligations and services in the operation of our apartment communities.
2. Maintain and operate our apartment communities in accordance with fair and honorable standards of competition, ever mindful of the pur-poses of the Rockford Apartment Association and in compliance with the bylaws thereof.
3. Strive continually to promote the education and fraternity of the mem-bership and to promote the progress and dignity of the apartment in-dustry in creating a better image of itself in order that the public may be better served.
4. Seek to provide better values, so that an even greater share of the public may enjoy the many benefits of apartment living.
5. Establish high ethical standards of conduct within the apartment in-dustry in the business relationship between the owner, managers and suppliers of products and services to the apartment industry.
6. Maintain property standards of the appropriate governmental authority.7. Ensure that every qualified individual, regardless of that individual’s race,
color, religion, gender, disability, familial status or national origin is af-forded the same opportunity to rent an apartment and enjoy the ben-efits of apartment living.
Financial statement available upon request to members in good standing.The content and opinions expressed in the RAA newsletter do not neces-sarily reflect the views of, nor are they necessarily endorsed by, the Rock-ford Apartment Association or its board.
All Property Services 815-979-9016
Arena Construction 815-243-2924
Carpet One 815-633-8100
Coin Appliances Inc. 800-242-5453Geoffrey Erdman, [email protected]
www.coinappliances.com
Express Plumbing and Drain 815-703-3119
Great Lakes Commercial Sales 800-236-5599
Hales Equipment 800-965-8767
J & J Cement 815-519-4795
Ken Becker Realtors 815-399-8000
Midwest Community Bank 815-637-78473693 N. Perryville Road
Richard A. Schrom, Executive VP
Commercial Lending
Nicholson Hardware 815-963-4821
Northern IL Sewer Service, Inc. 815-229-1174
The Rock River Times 815-964-9767
Rockford Area Renter’s Guide 815-964-6700
Schmershe Lawn Service 815 248-4478
Suburban Patrol 815- 961-8100616 South 6th Street
Universal Restoration 877-496-6699Complete Structural Repair
Window World 815 399-1333
When Nature Calls Pest Control 815-601-7378
rAA 2010-2011 BoArD MeMBerS
President / IRPOA Rep Paul Arena 815-243-2924
Vice President Tim Hoffman 815 988-4004 Secretary Pete Sukniach 815 332-9463
Treasurer Mike Cavataio 815-397-3320
Nominating Com. Ken Becker 815 399-8000
Legal Issues Tom Wartowski 815 978-1572
Advertising Jim Merrick 815-222-7423
Bus. Forms Ken Hagemeyer 815-519-5583
Membership Vince Miosi 815-877-3272
Programs Director Karl Fauerbach 815-877-6077
Programs/Public Relations Rick Davis 815 690-5288
Newsletter Editor Tim Jensen 815 558-4663
Web Site Steve Lantow 815-633-9967
Legal Counsel Tom Wartowski 815 978-1572
Talking Real Estate
with Tim and Tim
March 22 and April 5, 9:35 - 10 A.M.
Call in with your questions!815-874-8255
April Meeting
Monday, April 19, at 7 P.M.
“How to Evaluate a Deal” Learn from Norm May how to find and purchase deals in today’s down market!
RAA rental forms for members onlyForms are available at the following locations. Please call
in advance to be sure someone will be available to help you.
RAA Meetings 6776 E. State St. 1-800-RAA-6676
Hurd Properties II LLC 124 Water Street Suite 204
1-815-519-5583
State Line Rentals 7210 E. State Street Suite 002 (LL)
1-815-398-8886
Terra Creek Apartments 375 Bienterra Trail 1-815-397-3320
Come to the meeting!
Join and save!
Free to RAA members
$15 non-members
Rockford Area Association Of Realtors
6776 East State Street
Rockford, IL
