The business of being a Chicago apartment landlord has always been a serious one. Still, the rising rental prices in 2022 have produced a serious question for these times: “Am I charging enough for my Chicago apartment in 2022?”
First, to unpack this question a bit, if a landlord...
As a landlord searching for tenants, you’ve probably asked yourself, “Should I host an open house for my apartment?” Chicago’s current rental market is saturated with renters. If you’ve received a ton of interest in your property, holding an open house may seem like the logical solution to...
Summer is hot, and so is the rental market. Chicago began the season with a high of 100 degrees and a median rent of $1,850/mo for a one-bedroom apartment in Lakeview. Not sure what this means for landlords? Don't sweat it. We've answered all of your burning questions in our summer market update...
Chicago landlords divide the year into two periods: winter and rental season. Spring is just around the corner, so that means both landlords and tenants are making moves. If you’re in the apartment rental business, here’s what to expect for the busiest months of the year — and how to prepare for...
Illinois renters who need financial assistance may see relief from the Illinois Housing Development Authority (IHDA) as it reopens a statewide rental payment assistance program on Monday, December 6, according to a press release from the IDHA. The Illinois Rental Payment Program (ILRPP) has set...
The familiar refrain in Chicago is that the summer months are so enjoyable because residents need to suffer through the winter in order to get there. But winter in Chicago doesn’t need to feel as miserable as the forecast sometimes suggests. Functioning heating and cooling systems, then, are an...
The office of Illinois Governor J.B. Pritzker announced that the statewide eviction moratorium would be re-issued and extended through October 3, 2021. The governor's office also clarified in the latest announcement that the...
All Cook County landlords should be aware of the Just Housing Amendment to the Human Rights Ordinance, which went into effect on January 1, 2020, seeking to remedy unfair housing discrimination against individuals with criminal records. We’ve written about the new law requirements, and while...
Beware, Chicago Airbnb, HomeAway, and VRBO tycoons, because the carefree days of operating an illegal Chicago vacation rental are over. In 2016 and 2017, then-Mayor Rahm Emanuel and the City Council amended the Municipal Code to regulate better and tax vacation rentals and shared housing units....
