Urban Rehabber Seminar graduate Darnell Palmer is the Chicago Housing Authority (CHA) Landlord of the Year for 2013. Darnell received his recognition at CHA's annual Owner's Symposium held October 12th on Chicago's Navy Pier.
Award nominees are drawn from participants in CHA's Owner Excellence Program. According to Darnell, candidates are nominated by CHA staff, and further qualified by evaluations and recommendations drawn from the candidate's tenants. This program was established to encourage professionalism in property management and offers significant benefits to those who qualify for the program. Darnell was one of the first to apply when the program was announced and he has found the benefits to be exceptional.
We interviewed Darnell by 'phone for our monthly Members-only TeleConference October 31st. The interview, which lasted about 35 minutes, covered a range of topics important for investors considering self-managing rental property. Darnell has been actively investing since early 2000 and, after a few missteps, has generally found property management and tenant relations both rewarding and profitable. This fall he is accepting a limited number of properties which he will be managing on behalf of Investor landlords. Darnell is fully licensed as a real estate manager and will be securing his real estate broker's license this fall.
Topics we covered, in brief–
- About the CHA Owner Excellence Program and Award
- His own investing experience, including his "1st Major Mistake" (and how he fixed it).
- The 3 most important steps in qualifying his tenant applicants
- His personal secrets to retaining good tenants
- And more...
Listen to the Interview:
Download the Interview (mp3): (click here)