Correct me if I am wrong.

It could be correct, but I've seen 2 bedrooms with annual taxes over $4K in south Ferndale.

I do not know about Chicago's landlord and tenant laws but something isn't right if 7 months later the tenant is still there and hasn't paid anything.I would do an autopsy on my lease, how you started the eviction process and if it was completed correctly, how you handled the tenants first late payment, did the PM company screen the tenant per your instructions or could your tenant screening process be improved??

Originally posted by @Shawn Holsapple: @Stephanie Irto is correct.

However, if I am remembering it correctly, the take away I had was that you should strive to operate like a business.

Correct.

I thought I had missed something when she told me that, but I knew I was correct.

In fact, it might not even be part of the solution.You need a good estate and family planning attorney to get that part taken care of correctly.

It ended up costing the insurer in the mid-6 figures because they did not want to settle and set a precedent (if my memory serves me correctly).I believe that it was a dog bite where a neighbor's dog bit a child - on our property.

(Fun note, auto correct tried to turn vacancies into vampires.