Updated about 3 years ago on . Most recent reply

Question about Section-8 and Rental increase request
How do I go about finding information about comparable units to submit a rental increase request for my rental properties in Chicago, IL?
These are the requirements: units have been rented in the last 12 months; units are not subsidized units; units are within a 1 mile radius of the subject unit. I am more so trying to find units that are currently being rented, rather than ones that are "for rent" right now. What I have been getting when searching is ones for rent, and I need to find ones being rented currently rather than those that have been sitting empty without renters for months.
Is there a website that will allow me to input these parameters to get the comparable units I need? Or how do you guys go about finding comparables for your units?
Most Popular Reply

- Real Estate Broker
- 3412 S. Harlem Avenue Riverside, IL 60546
- 5,096
- Votes |
- 6,052
- Posts
@Jonathan Klemm I have had to pull comps before for clients who are using S-8 and other subsidized programs. The programs have the HUD guidelines, but they also do require this from time to time.