9 March 2024 | 17 replies
If I am aiming for the national tenant, what kind of TI per sqft shall I expect, how much security deposit I shall collect and how many month of rent I shall ask tenant to pay advance to execute the lease (1st and last month of rent or more)?

9 March 2024 | 8 replies
Another week to collect security deposits, review applications, and place tenant is another $21 per month lost.If the price had simply been reduced by $50 per month after a week with no applications, you've essentially broken even.

7 March 2024 | 6 replies
The cost of replacing the door is far more than the security deposit.

9 March 2024 | 77 replies
While the standard Chiacago Association of Realtor's City of Chicago 2023 lease is updated and compliant with new 2023 security deposit rates and local ordinance, we always recommend implimenting an additional "overlay" or addendum that helps protect the landlord against many things that the standard lease cannot standardize that many landlords would like to, like no smoking.

7 March 2024 | 1 reply
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9 March 2024 | 8 replies
If they lease between November and mid March you are adding vacancy to find the right person at an optimum price so I would make sure they end leases and set new expirations in the spring to early fall to ensure that.Back to asset class though think of that because if the preexisting tenant is dirty and destructive not only do you need to pay to fix the stuff their deposit won't cover but you also might have 2 to 4 weeks of vacancy before you can even start to lease it.

8 March 2024 | 4 replies
I assumed they would put up the earnest deposit immediately.They want me to take my listing down and I refused twice.

9 March 2024 | 11 replies
And if so, what is the cost and prospect for collecting something, certainly not all, but something.My thinking is that if it shows up on their credit, it may hamper employment, car purchases, rental applications, education funding, etc and at some point they would need to pay me to go forward with some major life steps over the next 10 years.Your time and money would be better spent updating your rent requirements to get better tenants, increasing deposits if allowed and proactively evicting tenants who are behind so you don't get back in a position where someone owes you a substantial amount of back rent.

7 March 2024 | 23 replies
I learn best when I have an open line to an expert who’s willing to share knowledge with me (and who doesn’t find my endless questions annoying!).

8 March 2024 | 44 replies
Non refundable pet deposit of $250/pet with monthly pet fee of $20/pet required.