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All Forum Posts by: John Clark

John Clark has started 5 posts and replied 1343 times.

"If you say so John. Silly us for giving tenants the option to make ends meet by allowing them to pay with a credit card and absorbing the processing fees. "

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And if they refuse, Heather, you call them thieves. Now stop singing and dancing and evading the question. Are you going to boycott Cheesecake Factory for being a den of thieves? If not, why not? Its CEO made a deliberate decision to not pay rent.


"you should beware what you wish for. Those are commercial leases and like most commercial leases... when the business makes more they pay more in rent in ADDITION to that the landlord in most commercial leases can take possession of all the businesses assets --"

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Wrong. Most commercial leases are for flat, fixed amounts and the only time you'll see a participation rent is when the business is new and the tenant needs to get established in his cash flow. If the landlord likes the tenant's business, he might agree to a participation rent. You and I both know that Cheesecake Factory and other established businesses aren't doing participation leases.

As for assets, landlords in commercial leases often provide that fixtures become landlord property at the conclusion of the lease. That is common. Other assets? rarely. Usually a judgment levy. Perchance you are thinking of possessory liens?

You called non-paying tenants thieves, @Heather Frusco , and if Cheesecake Factory DELIBERATELY isn't paying rent, then it is, per you, a den of thieves. Are you going to boycott it?

I agree that rent is due in full, and people "should" have reserves, but are you all going to boycott Cheesecake Factory? This just in today:  

Cheesecake Factory has reportedly decided to not pay rent for April at any of the chain’s locations because of business lost to the coronavirus pandemic.

“The severe decrease in restaurant traffic has severely decreased our cash flow and inflicted a tremendous financial blow to our business,” CEO David Overton wrote to landlords in a letter obtained by the Eater website.

I look forward to Heather Frusco denouncing Cheesecake Factory as being run by thieves.




Post: Cleaning Protocols for Coronavirus

John ClarkPosted
  • Posts 1,372
  • Votes 1,099
"My point with this is to make sure that there's a faint hint of bleach to trip that psychological trigger that tells prospective renters that your property is really clean."
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Bleach, here I come!

Post: Cleaning Protocols for Coronavirus

John ClarkPosted
  • Posts 1,372
  • Votes 1,099
Originally posted by @Scott Mac: Here is a portion of an email I received from Hilton Hotels . . .
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Thanks Scott. I'll check the CDC web site and see if it has specific guidelines.

Post: Water Metered VS. Non-Metered

John ClarkPosted
  • Posts 1,372
  • Votes 1,099
Either you have a leak or a tenant put in a pool and didn't tell you.

Post: Cleaning Protocols for Coronavirus

John ClarkPosted
  • Posts 1,372
  • Votes 1,099

Are there cleaning protocols/check lists/new practices and methods for cleaning an apartment before renting it out now that we have a covid-19 pandemic? Somehow I think that the old scrub and dust isn't going to cut it any more?

Are there any sources for best practices for cleaning in this type of situation?

"... two of the suburbs where I work, Berwyn and Cicero, started requiring almost all rehab projects to have a new water main installed."
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New water main? Or new water service? Big difference.
Originally posted by @Kyle D Birch: I have spoke to a few lawyers about getting the certificate changed, but had no luck. 
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Details, please. What precisely is the "no luck?" They won't do it for free? There is a deed restriction that can't be lifted? Your "no luck" is too vague to tell us what the problem is.


Let's say it will cost you $5,000 to get the zoning changed for your house. According to you, the price of the house will increase from about $175,000 to $250,000, a $75,000 increase. last time I checked, a 5:70 ratio (since you have to recover the $5,000 spent) is the same as a 1:14 ratio. I ask you: Where else are you going to find a one-year 1,400 percent return on investment?

That you have the second unit rented out illegally is a problem, but the lawyers should be able to work around that. At a minimum you can wait until a lease is over and apply for a zoning change then. That will change your return on investment due to the loss of some months rental income during the zoning change, but you'll still come out far ahead.

Do it right. The City of Chicago has draconian penalties for illegal units. Far cheaper to make everything kosher as soon as possible.

Ding the credit or pay the $4K and then donate it to some worthy soul as a tax write off. You can't have it both ways.