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All Forum Posts by: Daniel Sar

Daniel Sar has started 3 posts and replied 4 times.

My tenant’s lease is up at the end of august and they don’t know if they want to renew a lease because it’s too expensive. The average rental around the area for a 2b/1ba is around 1500$. They are good tenants and I’d like for them to stay. If I have to list it for rent I’m not sure if I could get 1700, but confident I can get 1600. Should I take the 100$ loss or take my chances

Hello, so I own a 2 unit property, I live in one unit and rent out the other. I bought the property in 2022. We renovated the unit the tenant is living in and spent 35k. I pay the the water bill and pay for the internet for the tenant as well. We also pay a monthly payment because we financed the replacement furnace. Is all this tax deductible? Thanks 

Quote from @Jonathan Klemm:

Hey @Jessica H. - Great questions and I think you got some solid advice above.  Just follow CLTO & use CAR lease.  Chicago is goofy and will probably always be tenant-friendly but if you just vet your tenants properly you shouldn't have a problem.

What is a CAR lease?


I MADE AN  ACCOUNT WITH SMART MOVE, BUT THEY DON'T SEND CRIMINAL REPORTS IN MY COUNTY. ANY RECOMMENDATIONS For ANOTHER SERVICE?