Archive for December 2015

Landlordology's "The 12 Most Popular Articles from 2015"

Landlordology's "The 12 Most Popular Articles from 2015"
  This is a really great year-end list of articles from a resource called Landlordology.  It’s a nice starting point for current and future landlords and property managers.  PLEASE remember that rental laws are local (Chicago is more specific than most places and Landlordology is based on the West Coast, I believe).  Each area has... Read more »

I Chose to Get Off My Island in 2015

I Chose to Get Off My Island in 2015
In 2015, I followed some advice I received from an unlikely source. I chose to get connected. After another financially-traumatic maintenance call to stand-up guy who just happens to be my contractor, I shared with him my frustrations with some of the challenges of being a landlord.  I told him that as hard as I... Read more »

Attn Chicago Landlords and Homeowners: Shovel Your Snow Because Rahm Wants Your Money

Attn Chicago Landlords and Homeowners: Shovel Your Snow Because Rahm Wants Your Money
  …And I’m not BS-ing you–Rahm actually said it. There was a time when common belief considered falling snow an act of God (well, you know it actually kind of is) and that building owners and homeowners were not “required” to clear paths. Then even when the laws were put on the books to require... Read more »
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The Making of a Landlord: A Christmas Carol, Part IV (solutions)

The Making of a Landlord: A Christmas Carol, Part IV (solutions)
Read “The Making of a Landlord: A Christmas Carol, Part III” The next morning, I reflected on the strange happenings of the night before and the tenant horror stories I shared with the Ghost of Christmas Past.  I was glad for another chance to re-examine my own role in those bad experiences.  Here are some... Read more »

The Making of a Landlord: A Christmas Carol, Part III

The Making of a Landlord: A Christmas Carol, Part III
Read “The Making of a Landlord: A Christmas Carol, Part II”   I settled in on the bar stool next to the Ghost of Christmas Past.  “It sure is nice of you to take this time to hear my side of things, Mr. Ghost,” I said cheerfully.  “Especially with this being your busiest night of... Read more »

The Making of a Landlord: A Christmas Carol, Part II

The Making of a Landlord: A Christmas Carol, Part II
Read “The Making of a Landlord: A Christmas Carol, Part I” Later that evening, I went back home to my custom built mega-McMansion in an undisclosed northern suburb.  I had a moat built around the boundary just in case any disgruntled tenant ever tried to track me down.  We brought the alligators inside for winter.... Read more »
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The Making of a Landlord: A Christmas Carol, Part I

The Making of a Landlord: A Christmas Carol, Part I
  Last night I had nightmare. The dream was based on a question that has plagued me since long before I ever signed my first mortgage contract in 2002.  Can a nice guy (or girl) be a successful landlord?” I mean, sure, I have no doubts about learning how to acquire lots of property and... Read more »

Eviction Court, Part IV: “You tell ‘em, King Judge!”

Read “Eviction Court, Part III: She’ll tell you they’re selling drugs in her apartment, Your Honor!” I entered another courtroom where I watched one judge read the Riot Act to a tenant’s attorney for how a case was handled. By law, the lawyer had thirty days after a previous court appearance to file a motion... Read more »

Eviction Court, Part III: “She’ll tell you they’re selling drugs in her apartment, Your Honor!”

Eviction Court, Part III: “She’ll tell you they’re selling drugs in her apartment, Your Honor!”
  Read “Eviction Court, Part II: Tiny Kingdoms” One of the first trials I observed involved a frustrated landlord who was trying to get rid of a tenant for being a general pain in the wah-wah.  The problem was not so much over delinquent rent as constant arguments about a variety of issues.   The... Read more »
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Eviction Court, Part II: Tiny Kingdoms

Eviction Court, Part II: Tiny Kingdoms
Read “Eviction Court, Part I: Slaying the Dragon”  On the scheduled day, I was the only landlord to show for our agreed eviction court field trip.  My associates all said something came up.  I suspect they got cold feet at the last minute.   I entered the first courtroom and quietly sat on one of the... Read more »