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Recent Listing Reviews
Profit From Rentals
Some bumps but always rectified to my satisfaction
I have recently purchase a property from Justin at Profitfromrentals in the Chicago area. Communicating with Justin during the due diligence process and vetting has been very good. Justin really wants to make sure you as the owner of the property have everything taken care of and if things come up he will try and resolve them. Case in point as I obtained the property I found out that one of my tenants was not paying the correct amount in rent. I relayed this information to my property manager and Justin and Justin was able to remedy the situation with the tenant and refunded the first few months of underpayment to me the owner. That situation did take awhile for me to obtain the result that I was satisfied with but in the end Justin did do what I believe to be the right solution and really cements my thoughts that he is someone I am willing to purchase from in the future. The property management company communication has not been the greatest so far but hopefully as time goes by I will see improvement from this side as well.
I am an enthusiastic supporter of Justin and PFR. I started investing in Chicago a few years back when prices and interest rates were low and picked up a couple of gems. I thought I would never find a good deal again like those again.
Then, I met Justin and my perception of investing changed forever. Justin's entire operation is made very simple for an investor. The types of returns you can earn with his properties are going to be attractive whether you are a first-time investor or a veteran. He understands all aspects of the process, including, most important to me, what happens after I purchase the home, two, five, even ten years down the road. Justin walked me through his entire operation, including showing me houses in various phases of rehab from 0% to 50% and 100%. He even took me to meet tenants in one of his existing units. He showed me where he warehouses extra materials (i.e., paint, flooring, etc. etc.) which is standardized in his rehabbed units. He explained how he works with his investors to get past any hiccups with repairs, etc. As an investor, I tried poking holes and asking a ton of questions, and my trust of Justin just kept growing. He is the type of long-term partner I want to work with, in which we both do well financially and create incredibly beautiful housing for a community.
Justin is very fair and trustworthy. He accidentally listed the unit I bought as a 3 bedroom instead of a 4 bedroom, and once he discovered the "bonus" room, he still honored the original price of a 3 bedroom. He is not a sale-motivated partner, but understands that in order for him to be successful, both parties have to be happy for the long-run.
If you are on the fence about Justin, meet him in person or talk to him over the phone and I am confident you will realize very quickly that he is the real deal. I will definitely continue to invest with Justin and build our long-term business relationship. THANK YOU Justin!
I am not one to post reviews, but I felt my experience warranted one. First of all I live in California and the price on real estate is ridiculously expensive. I also have a disability that limits my driving so a turnkey seemed to be for me.
My family and I bought two properties from Profit from Rentals and Justin Ericson. Unfortunately, we had a theft and vandalism claim and the insurance company left us in limbo for a year and then denied us. This left us with no cash flow and a vacant and damaged property. I am on disability so I didn’t have the extra money to repair the rental. The owner Justin has been a tremendous help in not only helping to repair one of our units out of his own pocket, but in finding a lawyer and putting up the money to litigate. Being out of state is scary in not knowing who you can trust. I think it is rare that a person shows integrity in the way Justin has treated myself and my family even after the sale. I know people have different tastes about turnkeys, but there are a few trustworthy companies out there.
1 of 1 people found the following review helpful
Passive Income and Double Digit Returns Are Possible!!
A smart and savvy friend introduced me to Profit From Rentals almost a year and a half ago. At the time, I was contributing the maximum to my 401k, ROTH IRA (backdoor), and also maintained a taxable investment account with ETFs managed by Betterment. My accounts averaged approximately 10% returns, but I was seeking diversification and better returns . I did as much due diligence as one could possibly do for an out of state investor (I live in California) and decided to take the leap of faith as my friends did with PFR. Now, I own two turnkey properties in Chicago, IL and couldn't be more satisfied with how they are performing. Justin definitely runs a tight ship with his company and I've found that he is very patient, knowledgeable, fair, and stays true with his word. When my 3-flat didn't appraise due to a discrepancy in the number of rooms, Justin was quick to lower the purchase price to make things right for me. When my property inspector produced certain findings that concerned me, he had those issues resolved. When I had the innumerable questions upon my first purchase, he took the time to address my questions. To be fair, Turnkey Investing especially with Section 8 properties may not be the best fit for everyone (high risk, high reward), but the kinds of cash-flow returns at the purchase price points that can be found with Justin's PFR are hard to beat and impossible to find in California. Once I save up enough cash for a down payment, you can bet I'll be calling Justin for another property!
- @raymadeyourday - i notice you have similar reviews for Profit from Rentals and Elite Invest (both in Chicaco). are you investing with both companies?
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I can't believe what a positive experience I always have with Profit From Rentals. Selling/Rehabbing real estate in today's world is complicated. Justin takes the pain out of the transaction..
Great Company with a professional staff and a civic and community minded company commitment! Justin is a exceptional leader who lets his actions speak louder than his words.
My friend told me about this company about two years ago as she and her husband decided to invest in real estate as a way to increase their modest income.
She said Profits From Rentals changed their lives,affording them additional income beyond their dreams.
They are the proud owners of a 2 flat building on the south side of Chicago ,Illinois and are positioning themselves to acquire another property with the help of Justin Ericsson and his team of experts.
I was skeptical at first when she talked about plunging into this endeavor. I watched them go through the process of acquiring a property that was in full operation i.e. totally renovated and tenant occupied. A real “turnkey” operation if you know what I mean. I thought how hard can that be, everything is in place; all you have to do is sign on the line; and you have a new business that’s up and running and generating income right off the bat.I am now positioning myself to reap the same benefits. An investment of this type will lead me up the path to further wealth and security for my family and myself.
Margo in Chicago
I have represented Profit From Rentals and Justin Ericsson for nearly 5 years, and only have great things to say about them. As an attorney, Justin always makes my job easier by keeping his word; I have not received a single complaint about Justin or his team that they didn't deliver what was promised. Justin and his team at Profit from Rentals stand behind everything they do, and care about each and every client and transaction. Justin is honest, knowledgeable, and takes pride in his work.
I have been working with ProfitfromRentals and owner Justin Ericsson for 3 years. I have helped provide his clients with financing to acquire the properties. After closing over 100 transactions with Justin, I can say that I have yet to hear from one client who isn't satisfied with the work that he does. I have seen that customer service is at the top of Justin's priority list. On top of this, he is extremely knowledgeable in the Chicago market and as a result only invests in locations that will perform. I highly recommend ProfitFromRentals since they provide the complete package - fully rehabbed turn-key investment along with the management.
1 of 1 people found the following review helpful
Best Turnkey Provider and Cash Flow Returns in Chicago
Working on and off with Principal Owner Justin Ericsson for the past 5 years, I highly recommend working with Profit from Rentals in the Chicago market. Whether it is a turnkey 2-4 unit property in Chicago or suburban single family home, Profit from Rentals has a singular goal of making you successful in your real estate investing portfolio. You want to partner up with Justin and his team as he stands by his work and delivers a truly turnkey investment experience. The level of quality put into rehab/construction is unmatched in the industry as any investor wants to avoid those dreaded two words at all costs....."Deferred Maintenance!" I also like the fact that he himself has his own portfolio of properties here in Chicago so he truly puts his money where his mouth is!
- Thx Henry for the Review! We take great pride in helping investors reach their investment goals!
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