Cook county tenant landlord ordinance

[Tom Kaz]

What’s your take on the new ordinance that just past for the entire county of cook in Illinois? This could really hurt us small time landlords! Once again Illinois gives MORE power to the tenant, any advice moving forward with such restrictions?

My guess is that screening will be even more important then ever when choosing a tenant that can ruin you if your due diligence isn’t done.

https://www.chicagotribune.com/politics/ct-cook-county-residential-tenant-landlord-ordinance-20210128-affshrzae5chpmwmpdrwqdm4aa-story.html

Thanks,

[John Warren]

@Tom Kaz in the end this is going to do the opposite of what a lot of these law makers want. This ordinance will just make it that much tougher to take a second chance on a tenant, and we will all tighten up our screening further making it that much harder for tenants who need that second chance. In the end, we will all be fine as @Brie Schmidt mentioned and in my opinion it will make the city slightly more attractive for local investors since not having the land lord tenant ordinance was one of the attractive feature about operating in the suburbs.