All Forum Posts by: Nathan Mount

Hi there, I'm in need of an eviction lawyer for one of my rentals.  Any recommendations? 

I have uncovered a lead on a commercial building, that would be prime for a conversion to apartments or condos, but it's so far over my ski tips (expensive), I'm not sure what I can do with the lead.

Backstory - last year I connected with the owner, and we had deal for a separate 4 unit, seller financed building ,that he ultimately decided to keep.  In hindsight, if he would've accepted the offer, the end term balloon payment may have been a losing situation for me with current interest rates.

Fast forward to last month, I followed up with him to see if there was any other opportunities in his portfolio.  

He told me that he has a larger, unused commercial building in the UIC/Medical District that he owns outright and wants to sell.  He's currently in the process of cleaning it out.  I toured the property with him last week, and he told me that he'd love to sell it before the end of the year,if possible. 

I told him that this was a bit larger than what I'm looking for,  but if I could bring in a contractor/developer to get an idea of what it would cost to turn the building into 8-10 units, it would give an idea of my next steps, and perhaps bring in a partner.  He said no problem, and that he would even be open to partnering up on it as well... 

So now, I'm not sure what to do next, aside from getting estimates and an idea of comps.  I have a great rapport with the seller, and he's open to ideas.   Any advice would be helpful.  

Thanks @Brie Schmidt - I figured as much. 

It's not exactly the issue.  It's one building, one street number, but each unit is listed as "Basement, #1, and #2"

I recently applied to get to approved for STR in the city, for my legal basement apartment in my 3 flat, and was denied since the unit isn't my primary residence. I live on the first floor and figured I would get denied, but didn't want to apply for it and state the basement unit was my primary. Does anyone have experience with the appeal process? Should I re-apply for my first floor unit and just list the basement differently?

On the application, when it asks if it's your primary residence, it states "primary residence based on the unit, not the building."

I just didn't want to risk being hit with fines If I said it was my primary.

I recently applied to get to approved for STR in the city, for my legal basement apartment in my 3 flat, and was denied since the unit isn't my primary residence. I live on the first floor and figured I would get denied, but didn't want to apply for it and state the basement unit was my primary. Does anyone have experience with the appeal process? Should I re-apply for my first floor unit and just list the basement differently?

Happy New Year, all!  As a follow up.   We approached the tenant about the pet.  She said the dog resides at the kids dad's, and would not be at her unit any longer, even for short visits (which she said was the case).  She agreed that we can swing by to check it out whenever we're around to verify.   So as of now, no problems and no need to displace a tenant.

Thanks everyone!   Will keep you posted!

How would you handle this situation?   My tenant has been in the unit for over a year.  No pets permitted, per the lease, and we just don't allow them in any of our rentals.

It's come to our attention, that they have a dog, and to make matters crazier, we received a hand written letter from the tenants 10yr old daughter, demanding we allow pets.   They don't know that we are aware of this pet yet.

They're on a MTM lease, and I can probably increase rent by $100/mo if they move, but I don't think they're wanting to move soon.

How can I address this with them tactfully?