Today’s Chicagoland real estate market has seen a significant increase in tenants looking for a home, thus a shortage of rental properties available. Naturally, when demand is high and supply is low, the price of supply goes up and so does the scrutiny of the property owner and their tenant. Why? Because there are more … Continue reading
First off, Happy New Year! …and what a 4 days it has been already. Lots and lots of new activity, from people looking at homes to buyer, rent and with today’s economic reports shining bright with positive job analysis, 4%-5% property value increases anticipated in 2012, and wall street looking stronger, this year is starting … Continue reading
There was a time when renting an apartment or a private residence was as simple as pulling up to the For Rent sign, looking at the place and signing a lease. Today, that market has become influenced by financial clout, sad stories and significant tenant demand. Rental = Financial Relationship Between Strangers From Landlord’s Perspective … Continue reading
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Today’s rental market has been a teeter-totter of gains and losses for both tenants and landlords. Sound relationships welcome a pleasant balance of security for landlords and quiet enjoyment for the tenant. However, when money is tight or sudden job loss occurs, there is more teeter than totter. Here are some common stories that seem … Continue reading
Although we have a list of posts which we hope to squeeze in before the end of the year, we felt it may be a good idea to see what you, our honorable audience, would like us to blog about. Here are some category ideas to get you thinking: Buyer Topics Seller Topics Leasing Topics … Continue reading
Some 2 years ago I was sent by a bank to a foreclosure pending property, in order to relay some options to a tenant occupying the home. A once attractive 2 flat on Addison and I90 in Chicago, this home was previously occupied by the owner on the 1st floor, and 2nd floor was rented. … Continue reading
Although you may have the most adorable kitty or puppy, you may find prospective landlords turning you down for having a pet(s). To understand why, lets analyze the “tenant” vs. “landlord” relationship. Landlord, also known as Lessor, will provide housing in exchange for a monthly promise to pay the rent, with the understanding that you, … Continue reading