Short Term / Vacation Rentals In Chicago

[Mark Ainley]

Morning BP Community, 
On a national level I have been part of many conversations with vacation & short term rental owners about what they are doing to mitigate potential short term loses based on the lock downs.  I am curious to hear what people local to Chicago and the Suburbs are doing with their short term housing stock?

On a national level I have heard 3 general responses.  The three responses I am hearing is wait it out figuring it will pass in 30-45 days and they can cover loses until then, rent to first medical and emergency workers wanting to shelter themselves from family during these times, and then many converting them from short term to long term or annual rentals?

Would love to hear feedback from any short term owners on what you are doing or any value anyone can add by questions you might have.

Keywords, Lake County / Cook / Dupage / Loop / wicker park / bucktown / naperville