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All Forum Posts by: Kevin Hunter

Kevin Hunter has started 12 posts and replied 47 times.

Hello Mark, 

Jumping on bandwagon, may I have 2023 Chicago lease as well? Thanks 

Quote from @Account Closed:

Hello!  Could someone please help me out with finding the 2023 Chicago residential lease agreement PDF?

 I’m also looking for 2023 CAR lease, can someone send to me if possible. Thanks all!

Quote from @John Warren:

@Danielle DelValle I will DM you. 

@John Warren
hello John, any chance you can send me updated 2023 CAR lease agreement as well? Much appreciated!

Hey there BP!!! just a quick check-in…currently how is everyone going about obtaining the next property? I want to make another move but cash was tied up on my last property (25% down) I've got decent equity built up so perhaps HELOC may be an option to use funds for down payment on another property but not sure if I want to do that. Also not sure if I want to refi given the rates today. So how can I get to my next property?

Quote from @Eliott Elias:

How many meters are at the property? Maybe charge a flat rate if it's all on one 


 Thanks for the info Eliott!

Quote from @Garfield M.:

I cant tell by the post how many gas meters and eletric meters there are. Just because it has two furnaces doesn't mean it has two meters. This may be the reason why the previous owner decided to put both thermostats on lockboxes. If there's only one gas meter then you'll just have to do gas included in rent.

If you have two gas meters and two electric meters for the building with unit 1 and garden on same gas/electric meter with the same furnace then I'd do utilities included include in rent for unit 1 and garden.

You can remove lockboxes and replace with modern thermostat with a programmable password. Assuming unit 1 and garden are on same furnace, you can also put a remote sensor in garden unit so you have a way of knowing that garden unit is warm (assuming there is no thermostat in garden unit). You'll want to be sure you keep that unit warm and the tenant happy so 311 is never called for your garden unit.

@Garfield M thanks for the info. For clarity, 3 electric meters (unit 1 and basement/unit 2/Common area) 2 gas meters (unit 1 and basement-same furnace/Unit 2) garden unit actually has a thermostat as well with lockbox. Appreciate the insight on keeping basement tenant happy. Just had a troublesome one that I had to remove!
Quote from @Eudith Vacio:

Hey hey @Kevin Hunter; in Chicago standard is they pay gas AND electric, but of course if it's co-mingled then I wouldn't have them pay gas. I have a 3-unit in the East Side as well and my gas meters and NOT separated so I charge extra in rent. 

In Indiana you can charge for water / garage but not really seen here in Chicago UNLESS its a single family home, I've seen some people do that. 

Hey Eudith! Thanks so much! You’ve got a similar setup to mines…yes garden and unit 1 are intertwined for gas and electric. Unit 1 tenant is currently getting a great deal on rent(under market) mainly due to unit being slightly outdated which I have plans to remodel soon. I'll definitely be considering pushing back the gas cost. 

@Henry Lazerow thanks for the info and idea!! Wasn’t thinking about the “laundry Gas” meter.