@Christina Martinez - also be aware that the Illinois supreme court determined that a daily late fee is not reasonable.

A petition for certification has been granted but I do not know when the Supreme Court will hear the appeal.

Supreme Court ruled that a landlord after giving a tenant a notice to cease late payments, must continue to give the tenant reasonable and sufficient notice when accepting further late payments, that continued late payments from the tenant would result in an eviction action.

Yes some Municipalities are banning STRs, for instance Texas at a state level works with Airbnb to pay HOT tax but San Antonio decided to go after back taxes and set up huge hurdles for airbnb hosts. which goes against the supreme court ruling that allows property owners the right to pretty much do whatever they want withe THEIR property.. its just going to take more 

The Governor of SC owns lots of student rentals in my market of Columbia, SC and in 2011 he tried to fight this ordinance all the way to the SC Supreme Court and lost: SC Supreme Court. 

Three months (only if the case isn't accepted by the State Supreme Court) for me adds up to $3300.00 not including cost of filing, service and lockout, in a Court where my maximum judgement (which we all know I will never see the money) is $1500.00We are 100% getting out of the business, that apartment can sit empty until I die....

We were short staffed and the director was a supreme micromanager.

@Douglas GratzStay out of the building/development until you are supremely confident in your numbers and your ability to exicute.

The Supreme Court set the test and the SEC uses it.

@Thadeous LarkinPoliticians have successfully sold the public on the theory that mass regulations are needed to ensure social/financial/moral objectives are met, and that with these regulations chaos would rein supreme.