You can still get in on South Side’s comeback even if you can’t actually move there. Patria has great real estate opportunities for investors who are looking for profitable rental properties. At Patria, we’ve become experts at helping people do well by strategically minimizing their risk.       When you invest in Patria Properties, you significantly minimize risks commonly associated with investing in real estate. Typically, these risks are such things as payments of rent, vacancies, cost of repairs (e.g. roof, heating units, electrical, plumbing, etc.), damage from tenants or mismanagement of property.       Here are the many ways our experts maximize your return on investment... Very low risk of non-payment. 99% of all of Patria’s tenants receive ‘Section 8’ vouchers which typically covers 70% - 100% of the tenants rent. Chicago Housing Authority’s (CHAC) Section 8 program is a federally funded rental assistance program that allows eligible households to rent housing on the private market. CHAC and the property owner sign a Housing Assistance Payments contract that guarantees a rental payment to the owner on behalf of the tenant. (CHAC is required to conduct an inspection of the rental unit before the tenant moves in and on an annual basis as long as the tenant resides in the unit. All of Patria’s properties meet or exceed the CHAC requirements for participation in the Section 8 program.) Low risk of vacancy. Your investment property will be fully leased by the closing date unless otherwise specified. Patria boasts an exceptional occupancy rate of 95%. Also, over 90% of Patria tenants renew their leases after the first year. Reduced repair and maintenance costs. Since almost all of Patria properties are full gut rehabs, Patria includes a one year warranty against all mechanical defects including: HVAC, plumbing, electrical and roofing (Roofs also carry a separate 15 year material warranty). Minimal risk of damage. Patria builds its units to withstand any abuse that may occur. Patria also collect a security deposit equal to two months rent, sufficient in most cases to cover the cost of replacing or repairing any damage to the rental unit. Better management. Patria offers free management for your investment property for one full year. This literally means you have only to collect your monthly income checks. Patria handles all routine maintenance, tenant problems, vacancies, screening of tenants, the collection of rents, paying of insurance, taxes, water and mortgage payments. You may also choose to continue using Patria Partners as your property manager after the one year period for a fee to be determined on a case by case basis. If you would like to hear about upcoming South Side ownership opportunities, please enter your email address below.       How to Buy  |  Listings