The Risks of Leaving Your Champaign-Urbana Rental Property Vacant

The Risks of Leaving Your Champaign-Urbana Rental Property Vacant

Leaving a rental property vacant is a big risk for investors. Not only is it expensive, it also leaves you open to vandalism, theft, and squatting. There’s also the risk of unreported maintenance issues. When tenants are living in your property, they’re quick to notice leaks, electric issues, and other potential problems. With no one in the property, it could be weeks or months before you notice there’s something that needs repairing.

You want to avoid a vacant property, for the good of your investment home and to get your income flowing and your ROI stabilized.

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Everything You Need to Know About Landlord and Renters Insurance | Champaign-Urbana Property Management

Everything You Need to Know About Landlord and Renters Insurance | Champaign-Urbana Property Management

Insuring your investment property is a critical component in keeping it protected. The right insurance will also protect your own financial interests. Investing in Champaign-Urbana rental real estate can be an excellent opportunity, but it also comes with a lot of risk and a lot of liability.

Both a landlord insurance policy and a renter insurance policy will be required to protect your investment. Don’t wait until a claim needs to be filed to find out you’re under-insured or uninsured. Make insurance check-ins a part of your annual Urbana-Champaign property management plan.

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Allowing Service Animals vs. Pets in Your Champaign Urbana Rental Property

Allowing Service Animals vs. Pets in Your Champaign Urbana Rental Property

 

Dogs are pets except when they’re service animals. Cats are pets except when they’re emotional support animals or therapy animals.

If you’re renting out a property in the Champaign-Urbana rental market or anywhere in the U.S., it’s important to understand the housing laws that protect people with disabilities. It’s easy to make an expensive mistake by telling prospective or current tenants that pets aren’t allowed in your property under any circumstances. You have the right to your own no-pet policy. But, if that tenant has a service or support animal, it ceases to be a pet, and you legally have to allow it.

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Noah Ruggieri Awarded CCIM Designation Aug. 20th in Charlotte, NC

Ruggieri among 113 individuals who earned commercial real estate’s global standard for professional achievement. 

 Tolono, IL August 26, 2020 – Noah Ruggieri, CCIM of SVN-Ramshaw Real Estate Champaign, IL, recently received the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute. The designation was awarded during this year’s special summer CCIM Comprehensive Exam testing session, which was held across three days and 10 cities in the U.S. and Canada. The testing was postponed from the regularly scheduled spring testing due to the COVID-19 pandemic.

Ruggieri was among the 113 commercial real estate professionals who earned the designation by passing the CCIM Institute’s comprehensive examination, the capstone element in the designation process. This new group of CCIM designees hails from 24 U.S. states, as well as Canada.

“Now, more than ever, commercial real estate investors and operators need the expertise and sophisticated analysis that CCIMs are known for,” says Eddie D. Blanton, CCIM, 2020 global president of CCIM Institute. “We ‘changed the game’ this past week with our candidates taking the exam in 10 different locations with the support of local chapters and regional officers. It was important that the institute honor these individuals and all their hard work and commitment over the years toward earning this esteemed designation and create a safe environment to allow them a chance to sit for the exam and finish what they started. I’ve been lucky to see many new CCIM designees receive their lapel pin over the years, but I’m especially proud of this group.”

“I wanted to be a better commercial broker.  For myself and for the clients I serve.  Becoming a CCIM is the best way to do that.  I can now advise them more confidently and with more stature given the network I’m now a part of.”

To earn the CCIM designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate. Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.

Ruggieri is also a member of the IL CCIM chapter.  Having also earned his MBA from the University of Illinois and his CIPS (certified international property specialist) designation from the National Association of Realtors.

Learn more about CCIM Institute’s education and designation program at ccim.com.

 

About CCIM Institute

CCIM Institute created the language of global real estate investment. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision, and success for an asset, taught by instructors who are themselves industry leaders. Today, the organization, through its 50-plus chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin — real estate’s most coveted credential — and its topical education courses offered through the Ward Center for Real Estate Studies. In addition, membership in CCIM includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. Today, almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value. Information at www.ccim.com.

Happy Anniversary Sarah! 5 Years with Ramshaw Real Estate

Congratulations to Sarah Kasper on her 5 year anniversary at Ramshaw Real Estate. We asked Sarah about her background, interests and time working with us.

Before working at Ramshaw Real Estate, what was the most unusual or interesting job you’ve ever had?

I worked at a pet clinic in my hometown for about a year and thought it was so intriguing to witness the various surgeries. It really gave me a better understanding on what it means to care for a pet!

What is your favorite part about working for Ramshaw Real Estate?

My coworkers that have turned family, my tenants that have turned friends and of course, the potlucks!!

How do you define success?

I measure my own success by how far I’ve come, how much I’ve grown and what I’ve learned.

If you could learn to do anything, what would it be?

I want to learn to speak Spanish. My mother in law is Colombian and is teaching my daughter Spanish, so I’ve got some catching up to do.

What would you most like to tell yourself at age 13?

I would tell my younger-self to just “be you”. Don’t worry about what other people think or say – just be yourself.

What’s something people might not know or find surprising about you?

I am multi-instrumental! I’ve played piano, flute, clarinet and some guitar. I live for music!

What is your favorite TV show and why?

I love crime documentaries but my guilty pleasure is reality tv. Specifically, Married at First Sight and 90-day Fiance. It’s just so bad – it’s good.