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Updated over 4 years ago on . Most recent reply

User Stats

102
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Meryl McElwain
  • Contractor
  • Chicago, IL
181
Votes |
102
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So-anyone still paying rent?

Meryl McElwain
  • Contractor
  • Chicago, IL
Posted

So I'm in Chicago. Two six flats. 8/12 tenants now not paying rent. I've been talking to other landlords and it's the same story. I have two buddies with 60 units between them. They're are mostly 1 bedrooms. Rent is under 1500 a unit which I think is contributing to it. 38/60 didn't pay July rent. Are we alone here or has everyone just stopped paying rent?

Most Popular Reply

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6,603
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
6,948
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6,603
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

@Meryl McElwain it strikes me as a regional malaise.............some people are unfortunately being trained to believe that actions do not have consequences. Seems many big cities where irresponsible politicians and activists have been coaching and encouraging bad behavior, LL will have to mitigate risk in those areas with tighter screening.

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