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Updated over 4 years ago, 08/26/2020
2020 Quality of Tenants. Where did the qualified applicants go?
Chicago, sub $1,000 rents. C to C- class area. Clean and rehabbed units
Are you seeing a drop in the quality of tenants drop this year in Chicago for the above-referenced market? Where did the good and qualified tenants go?
I'm getting plenty of people with bankruptcies, collections, criminal records, shady information, "cash on hand" applicants, and a few scammers. I'm flexible, but this year seems tougher.
I'm starting to wonder if the good tenants decided to stay put in light of the pandemic.