Welcome to MW Real Estate Solutions and Olivia Homes!
Welcome to Midwest Real Estate Solutions and Olivia Homes, where we are not your typical real estate company. What makes us different is simple. We are committed to helping you, and your family in a very timely manner. We work with homeowners that may be up against strict timelines, and may need to sell their property quickly.
Best of all, there are no surprises, just sound advice and professional service, backed by our commitment to excellence. On top of that you will receive personal attention at each step of the process.
The biggest mistake we see homeowners make is that they do not explore all of their options and simply run out of time due to pressure and stress. Pick up the phone and call us immediately to set up an information only appointment.
Call Midwest Real Estate Solutions and Olivia Homes at 1-800-HOPE-DAY
Security deposits are becoming a rare occurrence in Chicago because of all the rules surrounding them. Chicago enacted strict rules recently because some landlords were using the security deposits for other purposes. Chicago used a shotgun approach and if a landlord does not pay a few cents in interest now, the landlord may get a few thousand dollars in fines. That is why many landlords in the city of Chicago are now doing non-refundable move-in fees. The move-in fee is typically much less than a security deposit but it does not incentivize...read more
It is tax season again and the date to file your taxes is rapidly approaching. Some people dread tax time but many people actually look forward to this time of the year since they receive large amounts of money back from Uncle Sam. Consumer spending increases dramatically during tax season and many blow their tax refund before they even get it. Instead of spending your tax refund on a new big screen television, an expensive vacation, or using the money for a liability that only takes money out of your pocket, consider ways to use the money to...read more
Radon awareness has risen substantially the last few years because it is a serious threat to families all across America. Radon is estimated to cause 20,000 deaths each year from lung cancer according to the EPA and the Surgeon General Office. Smoking is the only cause of lung cancer that takes more lives per year. The EPA estimates that there are 8 million houses in the US with elevated levels of radon. Radon is a radioactive gas produced from the decomposition of uranium and can be found in most soil variations. It travels upward through...read more
Everything is becoming more expensive in 2014. We are only into February but economists are predicting cost of living to rise significantly this year and inflation to rise. Healthcare premiums have gone up drastically for many families as well as everything from gas, to college education, to travel, to food. Housing which is your largest expense is going up as well! Rent According to Zillow, Rents are projected to rise 2.5%. We are already having record highs for many rental markets but it will continue to rise in 2014 and beyond. The...read more
If the pipes in your home ever freeze, you will be in for a substantial amount of damage and headache. Frozen pipes can stop the water flow and what’s even worse is that the pipes can expand and crack or burst. Did you know that a small 8 inch crack can leak up to 250 gallons of water every day? That amount of water is capable of destroying your floors, walls, furniture, appliances, valuables, and can create an environment of mold growth in your home. Below is a video from one of our properties from one frozen pipe! There are over 250,000...read more
Painting is one of the most common things that do-it-yourselfers love to do. It is easy to paint and anyone can do it but many people make these 5 simple mistakes which highly affect the quality of their work. Bad preparation This may sound elementary but you want to always have a clean smooth wall free of debris. Kitchens are notorious for food particles and grease so you want to make sure that the walls are properly cleaned before priming. If there is grease buildup, Goo Gone works wonders. If any type of sanding was done on the...read more
Owning rental property has several advantages especially when it comes to tax deductions. Almost everything that you purchase to run your business is tax deductible as long as it is ordinary, necessary, and the cost is reasonable for the item or service you are purchasing. (As a friendly reminder since we are almost into February, make sure to mail your 1098’s, 1099’s, and W-2’s by January 31st. ) Below is the Top 5 Tax Deductions for Landlords in 2013 1) Depreciation This is one of the biggest incentives to purchase rental...read more
Foreclosures are happening every day and there is no sign that they will be slowing down any time soon. Foreclosure can be prevented in most cases if certain actions are taken during the foreclosure process. Some people are more proactive than others and are able to stop the foreclosure with no problem. Then there are the homeowners that try an option and give up since the first option they tried didn’t work. Others wait and let the foreclosure process ride its course and then try to take action one day before the foreclosure date....read more
If you are looking to increase your property value, there are many do’s and don’ts. Some improvements can look amazing but they will not help your property appraise for more and may actually hurt you when you go to sell. 3 Do’s A New Front Door This is the easiest way to give your house better curb appeal. You want to make a great first impression for potential buyers and this is the first thing that people see when they go to your house. Do not be afraid to splurge on an oak door with glass panels or a nice new steel door. Not only...read more
Today in Chicago you could throw a boiling pot of water into the air and it would freeze before it even hit the ground. That is why it is so important to make sure your real estate investment is properly winterized. It is ideal to winterize in the fall but the weather today inspired this article. Tune up the furnace/boiler Some furnaces were not able to keep up with the extreme cold that we experienced today which is why keeping your furnace tuned is important. Call an HVAC specialist to inspect your furnace and ducts. Keep a set of clean...read more