"A Huge Billion Dollar Slumlord." That is how one tenant describes her landlord - one of a new crop of investment firms buying and renting residential homes by the tens of thousands across the United States. This article from the Huufington Post is eye opening. The lesson here is to know your landlord. These days it is well worth your time to do a little due dilligence of your own to learn who is the atual owner of the property you wish to rent. Are they local? What is their reputation for maintenance and repair? Do they have local offices and management and maintenance personel? These are important questions that if you take the time to ask can make your rental home an enjoyable experience.
On March 27, 2013, the First District Illinois Appellate Court issued an opinion against a Chicago area landlord for alleged violations of the Chicago Landlord Tenant Ordinance. The case is important because it was brought as a class action, meaning the landlord could suffer damages equal to one month's rent for each and every violation of CRLTO during the two year class period. Plaintiff filed class action complaint alleging that defendant landlord violated Chicago Residential Landlord Tenant Ordinance by failing to disclose to tenants City Building Code citations as to their apartments and common areas, in 12 months prior to their leases. Termination of the lease and surrender of the premises to the landlord are not required to recover the greater of one month's rent or actual damages when a landlord, after receiving the required statutory written notice, failed to provide tenant with notice of Code violations. Here is a full copy of the Court's decision in the case:
Today's Chicago Tribune article reports the tragic news of deaths in Rogers Park due apparent carbon monoxide poising. CO2 is a silent killer and can tragically kill in a matter of minutes without the occupants knowing there is any problem. CO2 can accumulate for many reasons - including a faulty furnace, block exhaust, etc. Tragically, for one family in Rogers Park, awareness and prevention against this common risk come too late.
Let this event teach us all the importance of appropriate detectors. Get them and install them. f you have them already, make sure they are functioning properly. Change batteries routinely. Also, be aware that some detectors have a limited lifetime and require replacement after a period of time. Don't let a tragedy like this strike again.
One great benefit of living in Chicago is our great lakefront and all of the benefits it has to offer. One of many is the summer ritual of free movies in the park. This is a popular and FREE way to get out of the house and enjoy a great flick while taking in Chicago's lakefront. Here is the 2012 schedule of movies:
Been rejected for an apartment recently? Seems you are not alone. The New York Times reports here that a Qatari prince was recently rejected as a tenant at a posh Central Park co-op, despite his willingness to shell out the $31 Million price. Seems that the current residents valued their privacy and thought that the prince could draw unwanted attention.
Our recommendation...move to Chicago. Imove can find you some great diggs for $31 million...and you will be approved!
Here's great App from Allstate Insurance - the Allstate Digital Locker alllows you to catalog all og your valuables and possession so that you have a comprehensive inventory in the eent of a loss from theft or disaster. The information is stored in the cloud and is accessible anywhere you have internet access. Best of all - ITS FREE. You do not need to be an Allstate customer.
We are working with a client that wants a 1 BR apartment in the River West or River North area. His budget is up to $2,000. The catch? He has a Great Dane!
We are putting the word out to help find him and his pet a new home. Let us know if you know of properties can accommodate a dog of this size.
Marcus & Millichap reports that the Chicago vacancy rates are on a dramatic decline and that rents are rising.
Real estate taxes too high? If you live in Lakeview township, this Friday, May 11, is the deadline to appeal your property tax assessment. Notice of the assessment for your property was mailed out some time ago. You can visit the county's new tax portal or call on us at iMove Chicago is you need further information on appealing your assessment.