percentage on rentals in chicago

[Kevin Kim]

Hello, I am learning and reading during the quarantine. Is percentage the same as bigger cities and small cities? if that make sense?

[John Warren]

@Kevin Kim there are a lot of factors on whether the 50% rule works or not. A lot of my buildings run higher than 50%, especially if there are central boilers and/or hot water heaters. The main thing I look for is which utilities are paid for by the tenant versus by the land lord.