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General Landlording & Rental Properties

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Cody Gebhart
  • Rental Property Investor
  • Marion, IL
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$15/Hour Illinois minimum wage

Cody Gebhart
  • Rental Property Investor
  • Marion, IL
Posted Feb 19 2019, 17:51

Illinois is enacting a statewide minimum wage of $15 per hour by 2025. Have any experienced landlords had this happen in their state or city and what have been the effect on rents? Drastic increases or gradual increases with normal inflation of 2% yearly?

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