Just be aware that Aurora does inspections of all rental properties, charges you for it ($75 a year per property), and then fines you for tiny things like a non-working outlet or animals not being registered with the city. Not a deal breaker but important to know. Naperville is considering adopting the same program. I know two Naperville houses (not MF, SF) where the owner was living in one br and renting the others. Violated zoning and Naperville shut them down.
Just be aware that Aurora does inspections of all rental properties, charges you for it ($75 a year per property), and then fines you for tiny things like a non-working outlet or animals not being registered with the city. Not a deal breaker but important to know. Naperville is considering adopting the same program. I know two Naperville houses (not MF, SF) where the owner was living in one br and renting the others. Violated zoning and Naperville shut them down.
Just be aware that Aurora does inspections of all rental properties, charges you for it ($75 a year per property), and then fines you for tiny things like a non-working outlet or animals not being registered with the city. Not a deal breaker but important to know. Naperville is considering adopting the same program. I know two Naperville houses (not MF, SF) where the owner was living in one br and renting the others. Violated zoning and Naperville shut them down.
Thanks for the info. Definitely good to keep in mind.
I believe they would be able to do short term such as air bnb (assuming no HOA terms being violated) but I'm not 100%sure I that even.
Although they are considering it, (like almost every city), so far there have been no rules about it AFAIK. However, there also is very little demand. An article in the Tribune a year or two ago said that there were only 12 in Aurora, which is the second largest city in Illinois after Chicago, and that some of them didn't appear to have ever been rented. Trains run to Chicago but it if it's not rush hour, they run only once per hour. Buses to the trains run only at rush hour. Until 2016 Naperville didn't have a hotel in its downtown. The hotels along the I-88 Interstate seem to satisfy the demand. Good luck!
Although they are considering it, (like almost every city), so far there have been no rules about it AFAIK. However, there also is very little demand. An article in the Tribune a year or two ago said that there were only 12 in Aurora, which is the second largest city in Illinois after Chicago, and that some of them didn't appear to have ever been rented. Trains run to Chicago but it if it's not rush hour, they run only once per hour. Buses to the trains run only at rush hour. Until 2016 Naperville didn't have a hotel in its downtown. The hotels along the I-88 Interstate seem to satisfy the demand. Good luck!
Thanks for the insight nancy. That really surprises me there would be that little of demand.
I suppose there's not all that much in Aurora or Naperville thday would draw in short term renters.
Right. If Chicago had won the Olympics, maybe that would have been a draw for a few weeks. Nothing else big enough to overwhelm Chicago's draw and capacity. Naperville has a small college (I think Aurora does as well), but mostly local kids so those games and graduations don't pull out of towners either.
@Brendan Moehn I actually house hack in Aurora through short-term rentals and I've had good luck, sure Aurora has a small college but that's not the only reason people visit from out of town, we have the paramount theatre, Fermi Lab in Batavia, concerts at River's Edge Park and You don't have to worry about having to get a rental licensed by the city of Aurora because they're only there for a weekend or week.
Miguel, has the law changed in the last two years? Because Aurora DOES legislate short term rentals.
Aurora considers Airbnbs along with other types of rentals.
"Airbnb-type rentals most closely resemble either sleeping rooms, which are not allowed in the city, or bed-and-breakfasts, which require a special use," city spokesman Dan Ferrelli said. "Enforcing regulations on these types of rentals is generally difficult because they are by-and-large housed in owner-occupied buildings."
Miguel, has the law changed in the last two years? Because Aurora DOES legislate short term rentals.
Aurora considers Airbnbs along with other types of rentals.
"Airbnb-type rentals most closely resemble either sleeping rooms, which are not allowed in the city, or bed-and-breakfasts, which require a special use," city spokesman Dan Ferrelli said. "Enforcing regulations on these types of rentals is generally difficult because they are by-and-large housed in owner-occupied buildings."