Landlords everywhere are offering to work with tenants to help them get through the crisis financially, and that includes Mac Properties in Hyde Park. Despite that, some tenants are on a rent strike, withholding payment possibly until the crisis is over.
The problem with this is that its really difficult to get tenants who stop paying rent to start paying rent again. May rent will come due and they’ll have a large electricity bill and car payment. June will be child support and the credit card. July will be, well, some bill other than rent. What a nightmare, I would never recommend being a property owner in Chicago.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The problem with this is that its really difficult to get tenants who stop paying rent to start paying rent again. May rent will come due and they’ll have a large electricity bill and car payment. June will be child support and the credit card. July will be, well, some bill other than rent. What a nightmare, I would never recommend being a property owner in Chicago.