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Rental Basics in 60634 : Real Estate Advice

  • All32
  • Local Info1
  • Home Buying16
  • Home Selling4
  • Market Conditions0

Activity 51
Tue Apr 9, 2013
Matt Laricy answered:
Each unit owner can do what they want with their places as long as its within guide lines of the associations and the law.
0 votes 5 answers Share Flag
Wed Apr 10, 2013
Matt Laricy answered:
Sun Aug 4, 2013
Philip Sencer answered:
Sounds like landlord BS and no way to confirm, but not sure why he needs any reason to increase the rent if he wants to. Rents range from 2K to 4K+ depending on lots of factors like # bathrooms/parking/location/updates etc. ... more
0 votes 10 answers Share Flag
Thu Dec 19, 2013
Ruth and Perry Mistry answered:
0 votes 14 answers Share Flag
Wed Nov 14, 2012
allan erps,ABR,SFR answered:
cleaner air & the views on the pro side. Power outages & bad weather as a few cons!
0 votes 11 answers Share Flag
Wed Jan 11, 2017
Irina Karan answered:
Some landlords require applications being filled out by the tenants - asking about
their current employment, residence, income and assets. The tenants have to agree to
submit such info. Also, the credit report is being asked for (again, with the agreement of the tenant).

Of course, if the tenant does not agree to provide the info - the landlord does not have to accept the offer.

If the condo association/landlord has rules re. how many people can reside in a condo/apartment,
then the landlord may ask about kids (how many), but they can't discriminate.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 26 answers Share Flag
Wed Nov 7, 2012
David Hanna answered:
Yes. Many tenants we are seeing now have little credit history or damaged credit. We have very few tenants not paying promptly and on time, so this is a good thing for building or repairing credit for them. ... more
0 votes 9 answers Share Flag
Wed Nov 7, 2012
David Hanna answered:
Move on to contact the management company, ask to speak to the superior of her property manager, and explain her issue.
It is hard to give any more advice without much more information about the specific problem she wants addressed. ... more
0 votes 15 answers Share Flag
Mon Oct 29, 2012
Connie Mitchell answered:
In my area, the big differences would be maintenance and privacy. With an apartment, upkeep is taken care of by the complex. Renting a home, the owner might require you to pay up to a certain amount for maintenance, lawn care, pool care, etc. Big plus is lots of privacy in a home vs. an apartment. ... more
0 votes 9 answers Share Flag
Tue Oct 30, 2012
Jorge Vega answered:
Since the recent change in Illinois tenant rights many owners have decided to opt out of the "security deposit" option and use a aone time non refundable "move-in-fee". It's perfectly legal and its up to the discretion of the owner. Good luck ... more
0 votes 12 answers Share Flag
Mon Apr 22, 2013
Jena Beaver answered:
Hi Goldbergt,

You can list your rental on Trulia! We have 22+M unique visitors a month, and surely someone would be interested in your fine condo.

http://www.trulia.com/post-rental/

This link will take you to the area of the site where you can post your rental. Best of luck!

--Jena
Trulia Marketing Team
... more
0 votes 16 answers Share Flag
Thu Aug 16, 2012
Matt Laricy answered:
0 votes 2 answers Share Flag
Wed Jan 2, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
... more
0 votes 10 answers Share Flag
Fri Oct 26, 2012
Sarah Ziehr answered:
Hi Dana,

Most Landlords require that your income is 3x the rent, so for an $800 a month apartment you should be bringing in around $2400 per month.

Search for rentals by map @ http://www.innovativepropertyconsultants.com
Email me directly sarahz@jamesonsir.com
... more
0 votes 8 answers Share Flag
Mon Jul 30, 2012
Philip Sencer answered:
Yikes, that is a legal question. Read the lease, but you can ask the landlord asap and if he says yes, get it in writing, but ask an attorney and they do not respond on Trulia
0 votes 9 answers Share Flag
Tue Jul 24, 2012
Matt Laricy answered:
The month before hand. Rentals are too hot to look early.
0 votes 9 answers Share Flag
Mon Jul 16, 2012
Matt Laricy answered:
Tania I would go to a real estate company that works the beverly market. There are a lot of them out there.
0 votes 3 answers Share Flag
Mon Jul 2, 2012
Bill J Deligiannis answered:
Write a Letter of Explanation as to why your credit is bad and what you plan on doing to fix it. Also to improve your chances provide more money up front in either additional rent payments or increased security deposit. ... more
0 votes 8 answers Share Flag
Thu Jun 28, 2012
David Hanna answered:
Lease it another year would be my advice based on the very limited information you have provided.
There is solid demand for rental housing, and while single family, row house and town house prices are rebounding well, there is still an over supply of condos unless they are very updated and move in ready.
I think you will be much closer to breaking even in 12 months, perhaps even looking at a few pennies left after a sale.
I certainly don't think you will be farther behind.
I would also suggest you try and get your condo board to loosen up on the fines and work towards a policy that allows for situations like yours to be within the rules.
... more
0 votes 5 answers Share Flag
Mon Jun 25, 2012
Matt Laricy answered:
I would contact a good leasing agent in the area. They can find something for you for free. Also, check out craigslist.
0 votes 2 answers Share Flag
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