CHICAGO: Longterm Renters Get 120 Days’ Notice To Leave
I knew Chicago was a tenant-friendly city when I decided to invest here. After all, I live here. I must admit that the new ordinance doesn't sit well with me. I am a micro investor who is sympathetic to the plight of families who are renting during the COVID-19 era. However, I can't afford to subsidize them if they decide to withhold rent during that four-month period. Or what recourse do I have if they damage my property during that period?
I'd really appreciate your perspective, especially investors in Chicago.
BTW, any suggestions where I could look for buy & hold multis (3+ units)?
I'd really appreciate your perspective, especially investors in Chicago.
BTW, any suggestions where I could look for buy & hold multis (3+ units)?