Lease With Option To Own

Judge Vacates CDC’s Eviction Ban, But Appeal Delays Action

Judge Vacates CDC’s Eviction Ban A U.S. District Court judge for the District of Columbia ruled Wednesday that the Centers for Disease Control and Prevention’s nationwide eviction moratorium is unlawful, striking down the ban and delivering relief to housing providers who haven’t been able to collect rent from struggling tenants for more than a year. But the…

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What are the Security Deposit Changes in the new RTLO

Cook County Commissioners pass new RTLO for Rental Deposits Security Deposit- In January 2021, the Cook County Commissioners passed the new Residential Tenant Landlord Ordinance, also known as the new RTLO.  The RTLO will go into effect on June 1, 2021, and will bring many changes to owners in the 125 cities in Cook County.…

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How Student Loans Impact Your Credit Profile- Need Help?

Student Loans Impact on Your Credit Student Loans- There are a lot of people out there who receive tremendous benefits from student loan assistance. This doesn’t include the 30% of people who obtain one only to drop out of school early, or for our 300,000 waiters and waitresses that have a Bachelor’s degree. It’s certainly…

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Rental Assistance Program For Landlords

Register Now – Landlord Meetup Every Thursday @ 3PM – Next Meeting March 11th, 2021 Rental Assistance Program Rental Assistance is available for landlords. The Cook County Emergency Rental Assistance program pays up to 12 months of missed rent and utility payments and up to 3 months of future rent payments. Payments will be made directly to…

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CDC Eviction Moratorium Ruled Unconstitutional

Eviction Moratorium A federal judge ruled that the Center for Disease Control’s (CDC’s) moratorium on evictions is unconstitutional. The judge, John Barker, declined to issue an injunction against the CDC’s rule, but said that he expects that the CDC will respect his decision and withdraw the moratorium. So far, the CDC has not issued a…

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Landlords Should Require Renters Insurance—Here’s Why

Why Should Landlords Require Renters Insurance? Renters insurance is valuable to landlords because it ensures the tenant’s property is protected, minimizes their cost towards property damages as a result of tenant negligence, mitigates coverage disputes (i.e., who pays for what) if the tenant’s possessions are damaged or stolen while on the property, and reduces landlord’s…

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Chicago’s Fair Housing Ordinance

Fair Housing During the summer of 2020, the City Of Chicago approved the new Fair Housing Ordinance. This ordinance increases the amount of notice a landlord must give in order to not renew a lease, terminate a lease, or raise the rent of a tenant. Chicago Landlord Wants To Terminate Your Lease – Under the ordinance, landlords…

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Did The Last Round of Stimulus Help Renters Enough?

The latest round of stimulus provided much-needed relief for struggling families and businesses across the United States, especially for renters facing ballooning balances and costly monthly burdens. The package bought renters time, but for how long? New data from Zillow and MRI Software goes over the current state of the rental market and the challenges renters face moving forward.…

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Mortgage Broker -Benefit of Using A Great One

The topic is about a mortgage broker that helped us save a deal for a client. A great fix and flip opportunity for our client but at the last minute underwriting got scared and we almost lost the deal. We closed because of a great team effort including the attorney, a contractor that went the…

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