Cha-ching.

Cha-Ching!

Hi Chicago BPers - Looking for advice from other landlords who have had CHA tenants in the past:I bought a 4 flat in Wicker about a year ago and I inherited a CHA tenant.

. $$$ cha-ching. $1900 more in 2 years!

Where I am, a house without CHA, a dishwasher, off-street parking, high-speed internet access, non-basement W/D hookup is a big turn-off.

I think you'll be better off forking over ~35,000 for ~500/month (net) versus ~130,000 for ~1,000/month (net).I would only pay cash for something if it was an off market deal that wasn't able to be financed but knew I could make money (at least get my cash back) on the cash-out after repair and make CF each month.I agree with @Vang Cha, you're in a position to put that 120,000+ into something much larger scale with more income, better value, management and you don't have to deal will HOA's creeping in on your bottom line.Good luck!

You can request an Increase through your owner portal on the Cha website.

This list includes but is not limited to:Reprogramming a remote for cable/hdtv.Flipping a tripped breaker and finding the cause.Changing the agitator dogs in a washing machine.Replace a belt in a vacuum cleaner.Change the flapper and fill valve in a toilet.Replace a seat on a toilet.Put a bed frame back together.Changer filters on a CH/A unit.Clean evaporator coils on a CH/A unit and refrigerator.Unclog a sink, toilet or shower.Replace washing machine water supply lines and/or hose gaskets.Change P-trap under a sink.Change wax ring under a toilet.Adjust a screen door locking and closing mechanism.Know how to change a ballast in a light fixture.Know how to put a sliding door back on track.Know how to reboot a modem and operate a security camera.Know how to change door locks and deadbolts.Know how to re-caulk a tub and shower surround.Know how to change a CH/A wall thermostat.Know how to remove a broken light bulb base from a socket.Know how to replace a defective water shut off valve.That's just the things right off the top of my head. 

IT cannot be any shade of owner occupied or cha ching.

CHA does not automatically approve this rent level for a given unit.