Paul Novak

Real Estate Investor and Property Management Expert

[Paul Novak @PaulDNovak]

@Jb2Investments That’s awesome! How many units total now?

[Paul Novak @PaulDNovak]

@ChicagoBears @ftfzayy_ He was open by 10 yards, sheesh

[Paul Novak @PaulDNovak]

Good property management isn’t reactive. It’s predictive.

[Paul Novak @PaulDNovak]

Vacancy usually isn’t the problem.

It’s the result of a problem, or a set of problems.

In most cases, it comes down to one of three things:
• Pricing is off.
• Marketing photo's aren't great
• The home or unit isn't 100% show ready.

[Paul Novak @PaulDNovak]

The mistake I see often is treating vacancy like a surprise.

It’s not.

If you’re paying attention to the market and your property condition, you should see it coming and make adjustments before it happens.

[Paul Novak @PaulDNovak]

@GenZMultifamily Yeah we set our leases to have the tenants rent responsible until we find new tenants instead of having a blank 1/2/3 month penalty. I feel like either solution works in this scenario!

[Paul Novak @PaulDNovak]

@landon20s Might be in the running for worst parking lot in the US 😂

[Paul Novak @PaulDNovak]

@Stealx @jayparsons Especially in Cook County

[Paul Novak @PaulDNovak]

@heavensbvnny When good news like that comes across my timeline, I’ll always smash that like button.

[Paul Novak @PaulDNovak]

@ChicagoBears @lutherburden3 @idjmoore Was he celebrating before the ball was caught?? Baller haha

[Paul Novak @PaulDNovak]

@rudy_betrayed I do the same thing with Earth / Sound / Blimp. 🐐 wordle strategy 😂

[Paul Novak @PaulDNovak]

@DaBearsTakeOver This game was also the game after Eberflus got canned! Thomas Brown’s first game as interim

[Paul Novak @PaulDNovak]

@NicholasMoreano I think he's been playing injured most of this season

[Paul Novak @PaulDNovak]

@davebfr We’ve heard the “lots to clean up” after almost every game this season - it’s weird to watch him have these quarters or halves of greatness but then do a complete 180 and look completely lost. Starting the game 1/7 won’t get it done against the Packers or any other NFL team

[Paul Novak @PaulDNovak]

@TheCinesthetic South Park - Bigger, Longer, Uncut 😂

[Paul Novak @PaulDNovak]

@JaymalGreen Should be illegal. Almost a 100% increase!?

[Paul Novak @PaulDNovak]

@chicagobars @CookCountyTreas Mine actually went down - but my HOA fought and won our case to reduce our buildings tax bill last year. This is the first year of savings for us.

[Paul Novak @PaulDNovak]

@StrongpointRich @homeprosnews I would have been a bit more shocked if heat pumps had been excluded - all new construction out by me (SFH’s or Multi) are installing heat pumps